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To: ctdonath2
At $22/hr, gasoline prices will rise to ~$6.82/gal.

LOL! How do you figure that? Pull that out of your bung hole?

24 posted on 02/24/2020 8:25:40 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Not sure where your rudeness stems from, but taking the appropriate question seriously...

Minwage is currently around $7.25/hr; a gas station attendant makes that (it’s simple commodity work, with a gov’t-imposed baseline wage).

Based on that, considering it representative of costs involved (this is a casual FR post, not an article in a peer-reviewed expert journal) we compare it to the main product being sold at a gas station.

Gas currently is about $2.25/hr around here.

If the minwage is forced to $22/hr, the gas station owner needs to pay his clerks that substantially higher wage. To make up for the fact he’s running on thin margins (and making this a cursory calculation representative of everything involved), he’ll have to raise the price of gas a similar 3x ... hence gas jumps to ~$6.75 or so a gallon (slight difference from prior number because I estimated differently before).

Same reasoning as other comments about the price of hamburgers jumping significantly. I’m just quantifying & estimating with actual numbers, and my preferred example is gasoline sales.


28 posted on 02/24/2020 8:34:08 AM PST by ctdonath2 (Democrats oppose democracy.)
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To: central_va

Gas is $4.79 in Bridgeport Ca currently. So it’s creeping up. But it’s always high there.


31 posted on 02/24/2020 8:37:21 AM PST by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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