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Economincs
When was the last time a "value" meal from McDonald, let alone any other fast food chain, did not cost five dollars or more? When was the last time premium gas was under a dollar a gallon? It's hard to remember, isn't it?
Wouldn't it be great if everything cost a nickel, like back in the good ol' days?
According to the laws of economics, it's not logical for things
to have gotten more expensive competition should drive prices down. Then
why have prices continued to rise over the years?The continuing demand of
more money for less work has forced Uncle Sam to raise the minimum wage
innumerable times in the last half centur ....
Word count: 709 - Page count: 3
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