It takes a two-three minutes to consume a shiny organic apple, but takes 15 minutes to minimum wage forceably extort the the apple cost….

It’s already over. Food costs and rent have ALREADY gone up negating any perceived purchasing power for the masses.

There are deep deep inbalances in the economy due to plutocrat and globalist chronism….not ending well.

http://archive.fortune.com/2009/02/10/news/economy/yang_newdeal.fortune/index.htm

Socialism eventually runs out of YOUR money. High minimum wages speed up the taking unless you become totally self sufficient shunning services at every turn.

By the way….have you noticed the sharp sharp increase in prices in super markets recently?

These usually noisy protesters are too often labeled as “STRIKING fast food workers” by the gullible and conniving press. But the fact is that only a handful are actual fast food workers — let alone STRIKING fast food workers. Most are SEIU employees (some paid to protest) who work in OTHER industries.

Toss in some college brainwashed Millennials, and then sprinkle the crowd with aged 60’s hippies who still think that their Worker’s Paradise is just one edict from realization.

The press never reports who actually constitutes the protesting group. This omission is a combination of laziness and coziness.

FINE example of “living wage” thinking. Thanks for the example.

You’re right. In a world economy, higher local labor costs are incentives to pursue lower costs locations throughout the world to lower those labor costs, and/or seek automation to reduce those labor costs.

High wage costs in the auto industry were the catalyst to implement more and more worldwide manufacturing, and robotic automation, reducing the need for much labor and increasing the efficiencies within the auto manufacturing arena.