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July 30, 2013

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Nick N. Y.

First! Yay!

Meow! Pft! Pft!

Ignatz

What's the matter with Kansas?

jimmyk

And apart from all those problems, the assumption is that a 17% price increase results in a 17% revenue increase? Gosh, why didn't McDonald's think of that!? That UK researcher should run to McD's and let them know immediately!

Some Guy

Arnobio Morelix?

Yeah, right.

Porchlight

HEY. The people in China who make Apple devices don't get paid enough! Let's force Apple to raise the price of an iPhone by $100. Problem solved.

Dave (in MA)

The Huffers fail to comprehend that McConsumers could just switch to a menu item offering more value for their money.

polly

I saw the striking McDonald's workers in New York on the television yesterday, and it made me very angry. One reason given by one girl wanting an increase in pay was that she had to pay $2,000 a month for rent! Where on earth does she live? When my youngest daughter moved to NY seven years ago and shared an apt., her rent was much, much less. Albeit, the apt. was over a tattoo parlor near 3rd and 4th street, but she was very happy there.

Dave (in MA)

Why not just make it $22?

Nick N. Y.

As recently as only three years, Obama's State Department was projecting that the Keystone Pipeline would bring 50,000 new jobs to the middle of our country, alone. For strictly self-serving reasons, Obama said yesterday that it will bring "50 new jobs". From which you can draw your own conclusions, although it might be interesting to learn the differences between what Democrats an Republicans consider an evaluation of our POTUs' motives on just that issue.

Some Guy

"Math is hard"

Danube on iPad

"the assumption is that a 17% price increase results in a 17% revenue increase"

I'm going to go out on a limb and suggest that if that were so, unless McDonald's were badly mismanaged the prices would already be 17% higher.

Ignatz

I've never understood by what reason lefties always seem to believe there is a practical limit to this "logic".
Why not raise the minimum wage by a factor of ten?

Surely if $15 an hour is good and without serious consequence then $75 an hour is five times better.

A guy making $75 an hour can afford a $7.50 Big Mac better than a guy making $14.50 can afford a $4.67 one.

If we just raised it to $750 an hour we could eliminate not only poverty but the middle class as well and with an unlimited Big Mac budget we could become a nation of Michael Moores over night.

Could someone check my math? I'm eating.

NK

I was told there was no math on this BLOG!

polly-- hope your daughter enjoyed living in my hometown... tattoo parlor and all.

Some Guy

I've never understood by what reason lefties always seem to believe there is a practical limit to this "logic".

In economics, this is referred to as ‘the elasticity of stupidity’; there is no upper limit.

polly

NK, yes, and she is still enjoying it. She is married now and has two children and lives in Grammercy Park in a wonderful apartment. I do believe she likes the change.

MarkO

Join with me: I demand elasticity.

Eric in Boise

the assumption is that a 17% price increase results in a 17% revenue increase

You can't expect these experts on "profit and earnings ratios" to understand static vs. dynamic analysis, I suppose. In their world of unicorns, I'm sure many are convinced a tax of $100 or so on each burger sold worldwide would be a sensible way to balance the budget.

Tom Maguire
Join with me: I demand elasticity.

They are assuming no elasticity but that's a stretch.

lyle

In economics, this is referred to as ‘the elasticity of stupidity’; there is no upper limit.

Ding!


Danube on iPad

Iggy meant "no" practical limit.

Danube on iPad

Klansman Harry Byrd has assumed reoom temperature.

Captain Hate

So it wasn't Zsa Zsa who made HuffingChoads so stupid?

NK

Lies, Damnable Lies and Statistics.

15 or so years ago the WSJ Editorial page famously did a cash-flow analysis of Harvard U (it's a nonprofit, so it files annual reports with the Commonwealth of Mass.) Using Harvard's own endowment numbers, they proved that Harvard could grant an undergraduate degree to EVERY student, TUITION FREE in perpetuity. So why don't they? MONEY. Every asset owner has the property right to handle their asset using their own business judgment-- even Bay State nonprofits like Harvard. If McDs employees don't like the deal, they can move on to another job(or at least try to in the Obummer job market), if McDs customers don't like the deal they can go elsewhere. it's called freedom of choice-- Progs don't like free choice, 'cept when it comes to slaughtering the unborn.

NK

How is Tom M firing off these posts ON FAMILY VACATION?

Skoot

I thought it was the elasticity of the BVD's minus the calories of a double cheeseburger... hmm ..carry the 2...


Oh, sorry. It is not.

Jim Miller

In Washington state, McDonald's workers have been getting $9.19 an hour since 1 January.

(The state raised the minimum wage, and indexed it yearly for inflation in an initiative, so it went up in January.)

Many other states also have higher minimum wages.

(It would be fascinating to know whether there are edge effects because of Washington state's higher minimum. For instance, is there a cluster of fast food outlets just across the Idaho border from Spokane? I know that there is a significant amount of big-ticket shopping in Oregon because they don't have a general sales tax.

And BC shoppers often come down into northern Washington for similar reasons. Several years ago, one shopping center actually put in more trash bins because so many BC shoppers were coming down in old coats, buying new ones, and discarding the old in the parking lot. The customs people were supposed to charge them, I think, but you can't check every coat across that border.)

Extraneus

If only GM and Chrysler had raised their prices by 43%, they wouldn't have needed bailouts and Detroit would be booming!

NK

Ext@5:44-- HEH!!

NK

OT-- the trail grows warmer to the IRS Chief Counsel and the WH and ChiTown (Axel-Plouffe). Give Lerner immunity, an nail the bastards:

http://www.bloomberg.com/news/2013-07-30/republican-leaning-groups-had-more-irs-scrutiny-analysis.html

Ignatz

--Iggy meant "no" practical limit.--

No, I meant they apparently do think there is a practical limit, because they, at least the sane ones, never propose the minimum wage be $100 or $150 an hour.

If we can separate wages from market forces and value of the labor performed to raise the standard of living without harm, why not go for a full divorce and raise everyone to the upper class by the same mechanism?

If their theory as it is advanced is correct then what logical or economic mechanism would prevent it from working at any level?

rich@gmu

They are assuming no elasticity but that's a stretch.

Posted by: Tom Maguire | July 30, 2013 at 05:23 PM

Very clever. gave me a chuckle even though I did crappy in my micro class.

Extraneus

Careful Rand, Christie can still land a punch.

“I find it interesting that Sen. Paul is accusing us of having a ‘gimme, gimme, gimme’ attitude towards federal spending when in fact New Jersey is a donor state and we get 61 cents back on every dollar we send to Washington,” Christie said. “And interestingly, Kentucky gets $1.51 on every dollar they send to Washington. So if Sen. Paul wants to start looking at where he’s going to cut spending to afford defense, maybe he should start cutting the pork barrel spending that he brings home to Kentucky…”
rich@gmu

Krispy Kream and Kook Jr.

Would it be unseemly of me to want both to lose?

NK

The numbers are the numbers, NY, NJ and Ct are massive LOSERS in the Fed tax cash flow, and many red states are net winners. So? who does that make fools of?-- why we idiots in the NY Metro states.

rich@gmu

***is there a cluster of fast food outlets just across the Idaho border from Spokane?***

In Coeur d'Alene?

NK

"Krispy Kream and Kook Jr.
Would it be unseemly of me to want both to lose?"

ah? I got nothin.

Danube on iPad

My bad, Iggy.

rich@gmu

NK-

isn't that the argument the Dems make anyway? needless to say I'm not surprised that Fat Christy and Paul would be getting into a dick measuring contest. Maybe Weiner can judge.

pagar

Why do we have this "Send to Washington" craziness? It simply produces more bureaucrats and more control at the federal level. End the Madness, IMO.

Ignatz

--My bad, Iggy.--

Wasn't that bad, DoT. I thought you were right and I had to go back and reread it a couple of times before I figured out what I meant myself. :(

Red Slime Rules

A Big Mac, yeah. But what about those other burgers?

I want a Quarter-Pounder like those misers who have the last nickel they ever earned. Imagine expecting single-moms to give up the 3rd job because they are forced into a living wage.

Keep pounding those quarters folks. It takes 4 of 'em to make a dollar. Let's keep the freedom of corporate work houses. If people don't wanna work for bananas and peanuts, screw 'em.

Ignatz

I love it when a big government, welfare state supporter from a rich urban state like Christie whines about all his rich constituent's tax money going to poor rural states without massive urban centers of wealth.

Why, it's almost like they don't believe a damned word they say.

Danube on iPad

But you are indeed right - they implicitly acknowledge that there must be some sort of limit, while never for a moment considering that market forces detemine that limit. The limit appears to be what seems about right to them.

Scott

There's a correction at the HuffPo post. Turns out the "researcher" is actually an undergrad student.

Wonder if he's had Accounting 101 yet?

Marlene

Jim Miller @ 5:43...the BC shoppers must be as clever as the Maritime provinces shoppers. They do the same thing in Maine. It is easy to layer newly purchased clothing in the winter. Coats,sweaters,shoes,a whole new wardrobe going thru customs!
Of course,certain Mainers *ahem* going to NH tend to do quite a bit of sales tax free shopping.

NK

Not accurate to call Christie a 'welfare state supporter'-- he went after teachers' unions -- and other Dem sacred budget cows-- even before Walker.

Account Deleted

"Wonder if he's had Accounting 101 yet?"

Four times, so far. He's hoping for an easier prof this fall.

He knows all the verses to the Pitzer Droolin' Cretins coexist chant though.

narciso

That struck me as a nonsequitor, best taken up with former Senator Bunning or McConnell, Rand wants to cut back spending, including military spending right, Christie was so willing to accept federal education funding, that he scapegoated Schundler, for the fraud some state ed bureaucrats committed.

rich@gmu

Some undergraduate is yammering about raising the min wage for McDonald's workers, but a new wave of workers will be in line for those jobs:

MAG: Boehner's Strategy To Slow-Walk Immigration Bill To Finish Line...
McCain: We can get rid of those extra border agents in conference committee...
Top GOP donors tell party to legalize illegals...


So when we leaglize them would we then need to bring in a new wave for the jobs Americans won't do?

narciso

You know there's probably a case Christie could make, but as the comments show, today is not that day;


http://minx.cc/?post=342095

hard tac leeward

MIckeyD's joins the ranks of responsible employers who provide freeeeeee counseling on how to get food stamps and welfare (Walmart) or how to live on a dollar-a-day. Free maps to 99 cent stores as well as economic advice and gift cards for Salvation Army so their kids can have shoes. It's the least they can do.

They really want to help their minimum wagers learn to stop eating and paying rent and ENJOY their lives. Life is more than money, after all.

Marlene

Jack,if you check in on this thread,yes we've been to Stonewall Kitchen Cafe a few times. It is a little bistro in the Stonewall Kitchen Company
store.This time of year,it is a tourist destination (think L.L.Bean). We've learned the best time to shop at those places is the dead of winter. :)

Ignatz

--Not accurate to call Christie a 'welfare state supporter'-- he went after teachers' unions -- and other Dem sacred budget cows-- even before Walker.--

Christie is a liberal who can do basic math and when he gets an answer he doesn't like faces the facts.

What part, even a tiny one, of the welfare state has he ever proposed eliminating?

rich@gmu

Life is more than money, after all.

****

Life is money. Greed is Good.

Account Deleted

Rich,

I'd like to see the Club of Rome study the Connecticut Hedgehog Bathhouse Billionaires are using to justify their approach to immigration. I know Rove will perform as long as the money keeps coming but it's been nine years since he was hands on with a campaign and he sounds more like Schrum ever time he cashes another check.

Captain Hate

Rove has been delivering Shrum quality performances starting in 2006.

Extraneus

Paul: Christie is the 'king of bacon' on government spending

"What does he want to do, shut down military bases in Kentucky?" he said.

Fort Campbell and Fort Knox, both Army bases, are located in Kentucky. New Jersey itself is home to a large joint military base that houses the McGuire Air Force base; Naval Air Engineering Station Lakehurst; and Fort Dix, an Army base.

"In order to have enough money for national defense, which I think is a priority for the government, you have to be willing to cut spending in other places," Paul continued. "And Governor Christie and others have been part of this 'gimme gimme gimme','give me all this money.'"

He was referring to Christie's requests for federal relief aid after Superstorm Sandy slammed into the Northeast last fall. Congress ultimately passed more than $50 billion in aid to the states affected by the storm.

But Paul said the aid should have been appropriated "in a responsible way." The senator blasted Christie for the same reason on Sunday, saying Christie and others were "bankrupting" the government.

Throwing more fuel on the fire, Paul said Tuesday that Christie should be careful about choosing his battles.

"It's not helping the party for him to pick a war with me. It's a big mistake. It's not very smart. And it's not a good way to grow the party," Paul said, adding that the Republican Party is "shrinking" in the Northeast. "Why would he want to pick a fight with the one guy who has a chance to grow the party by appealing to the youth and appealing to people who would like to see a more moderate and less aggressive foreign policy?"

Seems like Christie left a mark.

narciso

I know consider the source, but I was struck by how little other candidates have done, since she raised the trial balloon,

http://hotair.com/archives/2013/07/30/ppp-poll-palin-leads-alaska-republican-senate-primary-by-10-points/


hard tac leeward

Christie might be the King of Bacon, but he''ll always be Christie Creme to me. Apologies to the Dunkin donut fans.

narciso

Actually, he's probably at the Mark Shields level of success at this point.

matt

New York has become the poster child for the new Byzantium along with its twin city, DC. Crony capitalism and the oligarchy.

NYC has driven the middle class, and now the poor out. I have no sympathy whatsoever. The wounds are all self inflicted.

One product of the strike, I will guess is that we will see more and more Somali and Mexican McDonald's workers. They are willing to live 15 to a room in shifts in order to send money home.

NYC continues to price itself upwards, but at some point the system hollows out and the rich will also be forced to abandon Park Avenue and the Village and Chelsea for more reasonable pastures. Manhattan will become the Ile de la Cite' with Mammon replacing religion.

suburban gal

AI really don't know why (actually yes it is the law of economic ignorance which seems required of reporters) they keep pulling up this old chestnut about return of tax dollars sent. If everyone were to get back the exact amount, proportionately, then why pay the taxes to a central processing agent? That requires only a little thought. Then there is the difference of business tax paid, population size, and overall state wealth. And federal installations, and, and.....The whole notion is silly.

hard tac leeward

"One product of the strike, I will guess is that we will see more and more Somali and Mexican McDonald's workers. They are willing to live 15 to a room in shifts in order to send money home."

It's a Win/Win.

narciso

Well the link was to the Economist, to which Bagehot would weep, at it's poor analytical
capacity, in the gotcha graph,

rse

Matt-

this video was mentioned in today's post. http://www.equalitytrust.org.uk/resources/park-avenue-how-much-inequality-too-much

Watch it when you get the chance. It is a dangerous video to leave out and not respond to because it turns into a Koch bashing and Walker bashing screed and at the end of the day the 1% of the 1% actually largely profit from the crony/ oligarchy/govt emphasis that comes out of this inequality hype.

And the way that game of monopoly is portrayed. This becomes the image of capitalism. Also the presentation of Atlas Shrugged. A debater could cut their chops responding to this.

rse

narciso-why would Walter Bagehot weep?

narciso

the problem, rse, is that they are operating in the shadow of corrosive paradigms, like the Medici's adoption of Ignite, and the OCS drilling ban;


http://spectator.org/archives/2013/07/30/the-gop-rabbits-or-tigers

narciso

At how they have been handmaids to statism.

Jim Miller

"In Coeur d'Alene?"

rich@gmu - I was thinking more of the commercial strip that -- as I recall -- stretches between the two cities. But it's been many years since I visited that area.

FWIW, the Wikipedia article on Coeur d'Alene says that "retail has expanded greatly in recent years with the opening of new stores and entertainment venues".

In some products, Idaho farmers compete very directly with farmers in eastern Washington, and I would expect the minimum wage difference to give a little edge to the Idaho farmers, especially if they raise labor-intensive crops.

daddy

Good Morning!

Can the Horses@#t can any deeper over at SLATE?

Before You Have Kids Don’t get a dog.

A very nonscientific survey of almost everyone I know who had a dog and then had kids now wishes they had never got the dog. This is a near universal truth, even for parents with just one child, though I have more.

Danube of Thought
It is nonsense to pretend, for instance, that at this date there is something daring and original about proclaiming yourself an anarchist....The daring thing, or at any rate the unfashionable thing, is to believe in God or to approve of the capitalist system.

--George Orwell (1950)

Danube on iPad

Dunno, daddy. A stepdaughter had a young yellow lab they just loved, but when the first baby arrived they finally had to put him (the dog) up for adoption. That's a sample of one....

Jim Miller

Most dogs I've seen seem to like having a baby around because (1) the baby has an interesting new smell, (2) the baby will often let the dog lick its hands and face, and (3) the baby often drops edibles on the floor.

But dogs can differ greatly, just like people.

maryrose

Jim Miller:
There is actually a blog post with a little boy and his airedale growing up together. The dog is very gentle with the boy from very early on when he is just an infant. They even take naps together. They seem to be best friends and do everything together.

Ignatz

I know this may come as a shock, but lots of people who have dogs keep them outside and even if they do let them inside they do archaic things like train them to behave and stay where they should.

The problem isn't the dog, it's the idiot parents who fashionably coddle their pets like they're particularly spoiled children.
Then, when the spoiled pets interact with the spoiled kids of the clueless, idiot parents who should not have had either pets or kids, pandemonium ensues.

Puts the parents in a kennel and solve the problem.

maryrose

Iggy-LOL!
I am not a dog person. When the rottweiler from next door wandered into our yard by mistake, I immediately called his master to retreive him.

hard tac leeward

Dogs WANT to know what YOU want. Could training and communication be a mystery and unrelated to any owner's personal responsibility?

Danube on iPad

I love Fredo, our golden retriever, very deeply. I would never dream of making him stay outside; he sleeps every night on the floor along my side of the bed. He has never met a living soul, including cats, with whom he doesn't try to make friends (the cats tend not to understand).

As Mark Twain said, when I die if there are no dogs in heaven then I want to go where the dogs are.

daddy

Well this instant I am back once again at the Guangzhou Hotel having breakfast with dozens of Western parents, each proudly sitting with their brand new adopted Chinese baby girls. Always heartwarming and always a bit of tear jerker, especially seeing the occasional cleft lip youngster being toted around by their new Momma. ( 2 gorgeous little gals within 3 feet of me as I type this:)

Very much smiling by all the parents, and some glee but much mystification on the faces of the new kids, but also great to see that many of these families already have an older Chinese or Western brother or sister excitedly helping welcome their new siblings.

Looks to me like they have everything they need
---loving committed parents
---decent prospects for good health and a decent life
---and brand new brothers and sisters

All it looks like they're lacking to me, is a dog:

I rest my case!

Gus

I have a great idea and it will solve the McDonalds dilemna!! LETS' CREATE OBAMACARE, pass it on Christmas Eve, by one party rule, and then let people READ IT!!!! Those working at McDonalds can NOW GET 29 hours!!!! Yes, that's right, they'll get 29 hours @ week. The LIBTARDS will see to it that these low skills laborers NEVER have enough money to live on...THEN....THIS IS THE GOOD PART!!!!! The GOVERNMENT forces them to BUY (HEHEHEHEHEHHE yes they must buy)healthcare policies on 27% less INCOME!!!
IT'S GENIUS!!! PURE GENIUS. LIBTARDS are for the LITTLE GUY!!!!!
Then we blame the GOP.

jimmyk

Seems like Christie left a mark.

Nah, Christie's a blowhard. As suburban gal @7:29 said, these net flow calculations are stupid. They have little to do with pork, and mostly to do with the progressive income tax, which I don't hear Christie proposing to eliminate.

Some Guy

Puts the parents in a kennel and solve the problem.

A dog trainer once remarked to me, “I don’t train dogs, they already know what to do, I train people. Unfortunately, I have to train a lot of stupid people with very smart dogs, it’s a dangerous combo.”

Gus

Christie is an idiot. Rand Paul does not run Kentucky, nor does he beg for Federal aid.
Christie does run N.J. and he begs for federal aid.

daddy

I've never understood by what reason lefties always seem to believe there is a practical limit to this "logic".
Why not raise the minimum wage by a factor of ten?

And if you can raise the price of your product without any consequence from the purchasing public who can swap to your competitors, who produce a similar product at much less cost, then it necessarily follows that Solyndra must be doing wonderful now, reaping huge profits and creating an enormous amount ofUS jobs, regardless that their competitors underprice them by 4 dollars a unit.

How'd that work out again?

daddy

And of course if like they do in Germany, they added a few different beverages to the Menu, I might consider forking over an extra 17%

Danube on iPad

"Looks to me like they have everything they need"

Except white privilege, daddy. Somehow I think they'll do fine without it. How many of them do you think will be quaffing Purple Drank at age 17? See any Budding No Limit Niggas in the group?

Skoot

There are recent studies that suggest a pet in the house with an infant reduces childhood allergies significantly. Two pets and all these crazy allergies are almost nonexistent.

I've a cat and a dog. My kids have no allergies. Works for me:)

daddy

I recall when the IPCC's "settled science" Climate Report was discovered to have been based on some College students interviews with mountaineers.

Now another College Student is authoritatively quoted to instruct McDonalds, the most amazing Free Market success story in America, and IIRC the worlds largest Toy Distributor, how to profitably run it's business.

Yet somehow it's the Right, that when it's not waging it's War Against Women" is waging a War Against Science.

Steve

Mark Levin on the Neil Cavuto Show - 2nd week of "Phony Scandals" and more:

http://commoncts.blogspot.com/2013/07/mark-levin-on-neil-cavuto-show-phony.html

Skoot

"Mississippi used to have free universal cotton care." - Iowahawk hits the shovel on the head.

narciso

How does the saying the fish rots from the head first;

jimmyk

Hey, Taranto just tweeted a link to this thread:

James Taranto ‏@jamestaranto

Looks as if @julietlapidos http://takingnote.blogs.nytimes.com/2013/07/30/how-much-would-you-pay-for-a-big-mac/ … needs another correction. [link to JOM]

Porchlight

Gus, I love your 8:57. But remember, it's entirely the greedy corporations' fault for cutting the workers' hours down below 30.

Gus

Narciso, I know a VERY wise 12 year old. When asked why the Country was so f@3ked up under Obama....he replied. "We are under new management".

the wolf

The fundamental premise is that McDonalds customers will pay more, thereby raising the living standard of the McDonalds employees.

And that's just McDonald's. What happens when John Q. Public also has to foot the bill for this increase at the drug store, movie theater, etc etc? They forgot the "think" part at Think Progress.

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