Modern Food?
We know we're getting old and times are changing but we can't seem to get really quality food at restaurants. Time after time we leave a restaurant with no good reason to return. Usually the food is "...
Forum Discussion
wildtoad wrote:Our memories are curious things. We tend to embellish favorable memories and exaggerate the bad ones. When you compare your current meal with one in the past the highlights of the past meal are competing with the entirety of the current one. It is likely to current one will never win. (and you probably won't often be returning to a place with bad food memories, so that comparison seldom happens).
Just about every time we go to a chain restaurant my wife says “isn’t as good as it used to be”. Could be lower grade ingredients, could be the “Chef” is inexperienced, could be a number of things. Could also be the wife’s taste buds have changed. I eat anything and just about anyway it’s prepared. ( but I refuse to eat beets or Brussel sprouts! ) You think prices are high now for mediocre food? Just wait till everybody at the restaurant gets $15 an hour minimum. Of course I assume they will remain in business.
As for the economics of higher wages, prices will obviously rise should those higher wages be mandated. However, incomes should also rise and in the end everything will be the same. Raising the minimum wage will not happen in a vacuum. The guy currently making double minimum wage will see his income rise as well. If he is worth double a minimum wage worker today he will be worth that tomorrow.
An hour of work will buy the same amount in goods and services as it always has. When minimum wage was $2.00 an hour you could buy two Big Mac sandwiches. Today, wages fast food wages are around $9.00 an hour and that will buy about two Big Macs. When wages become mandated at $15.00 an hour, you can bet a Big Mac will cost about $7.50 and at the end of a working hour you will have just enough to buy two. And then the whole hamster wheel will spin anew.
