McD's app and kiosk

Bill.Satellite wrote:
So, from 1961 at .50 and 1973 when it was 1.60 things tripled. In the next 45 years it is only up another 4.5 times that 1.60 to 7.25. Anything sound out of proportion to you?
Congress cannot see beyond their own paycheck and the poor in this Country are taking it on the chin. About the only thing worse than working for minimum wage is working for Uber and Lyft where you can't even make that much!

I don't know what to tell you Bill, just stating historical facts. Of course the CPI is based on a basket of goods and doesn't cover everything equally. However, I can tell you that in 1961 I used to run out to the dairy with a glass gallon jar and get it filled with whole milk for 60 cents (it cost 10 cents more if they supplied the jar) and now I can get a gallon of homogenized, Vitamin D fortified milk for less than $3 any day of the week so that's less than a 500% increase in 57 years. The Rule of 72 states that if you had 4% annual inflation it would take 18 years for prices to double so in 54 years things would go up 800%. I don't believe we have averaged 4% per year so that sounds about right. The early 70s had the gas shortage which is one reason we had the high inflation during that 22 years including that period of time.

As far as Uber and Lyft is concerned the biggest problem I see is they consider you independent contractors so you have to file a Schedule C and pay the self-employment tax at 15.3% which means you are not really getting anywhere near what they imply they are paying you.