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(Huffington Post)   How much more would a Big Mac cost if McDonald's were to double employees' pay? Take a guess, then click the link   (huffingtonpost.com) divider line 763
    More: Interesting, Big Macs, Mcdonald, Jimmy John Liautaud, living wages, University of Kansas, minimum wages, salary  
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39530 clicks; posted to Main » on 30 Jul 2013 at 6:53 PM (50 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-07-30 07:37:19 PM
The entire economic system is a thinly disguised rouse meant to keep people from seeing that we're all shuffling around intangible numbers to "break even" when it comes to consuming the rough equivalent of our production potential.
 
2013-07-30 07:37:19 PM

wee: Does that 17% account for FICA, payroll tax, unemployment insurance, etc?  I don't know how they report their numbers.  Still, 17% seems pretty low.  I think retail is like 25% or there abouts.


Don't forget disability, fmla and workman compensation.
 
2013-07-30 07:37:27 PM

Aarontology: You can have good wages, or you can have welfare.

those are your choices.


You're obviously a Democrat. If you thought like a Republican, you'd realize there is another choice: Fu*ck people on minimum wage. Don't raise it a penny. People who make minimum wage need to strive to improve themselves so that they will one day DESERVE to make more money. One way to give them incentive to do this is to remove the safety net: No more welfare. No more food stamps. No more subsidized housing. This is the kind of tough love necessary to rebuild our economy. It's called "compassionate conservatism." It's a win-win for everybody, because it also allows us to give bigger tax cuts to the people with money -- aka the "job creators" -- who will show their generosity and beneficence by using that tax savings to hire more people... at minimum wage, of course.

/yes, they really do think like this
//if you don't believe me, watch Fox News for a while
 
2013-07-30 07:37:33 PM

BgJonson79: Weaver95: BgJonson79: Weaver95: Dow Jones and the Temple of Doom: But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.

well, given that your average CEO makes 400% more than they're worth....you could start there.

Who decides what a CEO is worth?

well, basically the CEO stacks the board of directors with his buddies, then tells them that he will give them raises if they make sure he gets a ton of money.  then they vote themselves a ton of money, fire half their workers and move their core business production overseas to take advantage of chinese slave labor and zero environmental protection laws.  sure, they end up with a crappy product and the chinese steal their proprietary manufacturing data but f*ck dude, they're making OODLES of cash!

And shareholders bring nothing to the table?


Little known fact but the majority of shareholders in publicly listed companies are fund managers for pensions who are supposed to represent the investors.  However, they of course are looking for good dividends which no matter what their investors personal wishes are is their required responsibility to ensure the growth of the pension funds.

Pension fund managers will OK anything that will increase the dividends and/or share values so as to protect their investors.
 
2013-07-30 07:37:46 PM

Marine1: 7th Son of a 7th Son: basemetal: new study provided to The Huffington Post by a University of Kansas student.

So says a student.

A KU student at that. Equivalent to 3rd grade everywhere else.

You know, it's rare that I call out someone like this, but your outright slander of the intellect of the third-grade community... it's... it's just uncalled for. These third-graders are a good, proud people who have enriched the lives of millions... and here you are, comparing these good individuals to such dastardly and uneducated scum as KU student.

Shame on you, sir. Shame on you.


You're right. I owe the 9 year olds of the world an apology. :(
 
2013-07-30 07:37:52 PM

Shostie: scottydoesntknow: In addition, every item on the Dollar Menu would go up by 17 cents.

If everything on the Dollar Menu costs $1.17, it's no longer a Dollar Menu

Call it a "Super Value Menu."

PROBLEM SOLVED


meh it's already $1.99 here.  There was not a $5 foot long like everyone else has
 
2013-07-30 07:38:55 PM

Pray 4 Mojo: Weaver95: Pray 4 Mojo:
If my minimum wage employees are crappy employees BECAUSE I'm paying them minimum wage... then they are crappy employees. Show up early, be smart, work hard and learn... you will get more responsibility and income.

But that's not how it works in the majority of min wage work places.  Take walmart for example - you work your best...you get shiat on.  you show up and do the bare minimum...you get shiat on.  there's no incentive to work hard because you won't ever be rewarded for it.  in fact there's every reason to believe you'll actually be punished for it.

Then get some skills and work experience at Walmart... and take them somewhere else.


where, exactly?  walmart undermines and destroys the competition.  again - you could try to start your own competing business but...with what money?
 
2013-07-30 07:39:02 PM
Ohai gais, I can haz what's going on in this thread?
pics.blameitonthevoices.com
 
2013-07-30 07:39:18 PM

jst3p: Pray 4 Mojo: The Stealth Hippopotamus: 550 million Big Macs are sold in the US every year.

550,000,000 X .68 = 374,000,000.00

If McD thought they could just increase the price of their Big Mac and make an additional 374 million dollars don't you think they would have already done it?!?

This.

Pointless study is pointless.

/If you work at Mcdonalds in an attempt to support anyone other than yourself, at some point, you failed at life.

This as close to the actual words, "I got mine, fark you" I have ever seen.


It's true though. Those crappy jobs are on the same tier as newspaper delivery boy and Chuck-e-Cheese ball pit attendant. They are generally for teenagers.

A 30-something year old really shouldn't be looking at serious employment in these positions.
 
2013-07-30 07:39:38 PM

Debeo Summa Credo: Weaver95: Dow Jones and the Temple of Doom: But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.

well, given that your average CEO makes 400% more than they're worth....you could start there.

Again, when you start your business, pay the CEO no more than he's worth. With paying only fair wages to everyone, you should be able to offer a quality product at a fair price, crushing the inefficient corporations who waste all their money on executive pay.

You don't own McDonald's. It's none of your farking business what they decide to offer in wages or salary to ANY of their workers.


It does when they get tax credits and breaks for creating jobs and we get the tax bill to make sure their employees have luxuries like food and heat because their CEO can't make a budget that corresponds to real farking life.
 
2013-07-30 07:39:43 PM

TuteTibiImperes: ferretman: FTA: "In other words, for every dollar McDonald's earns, a little more than 17 cents goes toward the income and benefits of its <a data-cke-saved-href="http://money.cnn.com/2011/04/04/news/companies/mc donalds_jobs/index.ht m" target="_hplink">more than 500,000 U.S. employees."

Yes...there are no other costs besides employee pay and benefits. What the student hasn't taken into account, if minimum wage was doubled, the rising costs associated with the suppliers, the ones who manufacture the beef patties, chicken nuggets, soda syrup, shake mix, french fries, fish sandwiches, packaging suppliers, etc. These are all manufactured by other companies under contract to, in this case, McDonalds and are typically union-shops (at least on the east coast). If everyone's wages increase the product cost will increase and there will be less jobs.

More people earning more money will allow them to spend more in their local economies supporting other businesses that will then earn more profits and be able to expand hiring more employees and creating more jobs.


Increase wages and increase unit cost by 15% across the board everyone will get rich!
 
2013-07-30 07:39:44 PM
one the crappiest jobs i ever had the misfortune to hold was working for that farkin' clown off an exit of I80 in the summer of 1991

fark that place and all who eat their swill
 
2013-07-30 07:39:51 PM
there is too godanm many people on the planet, everybody  can't have everything they want all the time. Do your goddanm job and make do with what you get. You don't like your job get  another mother farking job and quit your whinning, pussys
 
2013-07-30 07:39:52 PM
encrypted-tbn3.gstatic.com

ONE MILLION DOLLARS!
 
2013-07-30 07:40:35 PM

js34603: Yeah, the only thing more prevalent than successful entreprenuers on Fark is people who are absolutely sure about how to run a business and that they would be successful, despite having no experience due to the man keeping them down.


You must be visiting a different Fark than me...
 
2013-07-30 07:41:05 PM
I propose a minimum wage of $25.00 per hour.

What the hell, I'm not paying for it.
 
2013-07-30 07:41:06 PM

scottydoesntknow: In addition, every item on the Dollar Menu would go up by 17 cents.

If everything on the Dollar Menu costs $1.17, it's no longer a Dollar Menu


Call it the Fartbongo Menu since he's driving us all to ruin!!!!11elventy!!
 
2013-07-30 07:41:08 PM

super_grass: *snarky remark about bootstraps and privilege*


The worst thing is that my personal story actually involves seeing a $9/hour job in the classified ads for a town 1,000 miles away that I'd never seen before, getting on a train with less than $1,000 to my name, and living in a seedy motel until I could afford my first apartment, unfurnished, because I didn't want to turn 22 unemployed, living in my dad's basement, in my rural hometown.

If Amtrak weren't SOOOOOOOOOOCIALISM, it'd be the bootstrappiest thing that ever happened outside of wartime. Or something.
 
2013-07-30 07:41:16 PM

BgJonson79: taoistlumberjak: I don't think people realize that, someday down the road (probably on the order of decades, but who knows),  CONservative policies are going to end up getting a lot of people lined up on the wall and shot.

Some of those people probably deserve it, but it's a direction nobody wants to go in the long run.  CONservatives must be okay with the eventual communist revolution that our country is headed towards.

Why do you say that?


Because at some point, people aren't going to put up with being marginalized by their own government and the people who own the government.
It really is not a road we want to go down.  That's why the CONservatives have to realize that giving everything to the corporations who pay them and nothing to their constituents is bad policy, and try to balance the needs of both.
 
2013-07-30 07:41:32 PM
Yeah right like I am going to NOT supersize my meal just so the people who made it can live normally.
 
2013-07-30 07:41:33 PM

super_grass: jst3p: Pray 4 Mojo: The Stealth Hippopotamus: 550 million Big Macs are sold in the US every year.

550,000,000 X .68 = 374,000,000.00

If McD thought they could just increase the price of their Big Mac and make an additional 374 million dollars don't you think they would have already done it?!?

This.

Pointless study is pointless.

/If you work at Mcdonalds in an attempt to support anyone other than yourself, at some point, you failed at life.

This as close to the actual words, "I got mine, fark you" I have ever seen.

It's true though. Those crappy jobs are on the same tier as newspaper delivery boy and Chuck-e-Cheese ball pit attendant. They are generally for teenagers.

A 30-something year old really shouldn't be looking at serious employment in these positions.


The problem is that we lost a shiat ton of jobs in the last recession and the jobs being created are mostly this type of job. Yelling "get a better job!' at them isn't a viable solution.
 
2013-07-30 07:41:34 PM
rolladuck:
That has nothing to do with minimum wage and everything to do with the fact that every year, innovation and technological developments increase the per capita production, energy and food harvesting capabilities of our society. That drives an increase in wages and a corresponding inflation. If you are not productive, you either live off social or personal charity. Some people have welfare, some are married or live with family/friends. Be content that we don't let poor people starve anymore, and get on with struggling to survive like everyone else who doesn't work for the government, or have Congress in their pockets.

the real wage in the USA is not any higher now than it was in the 1960's despite average productivity per worker and GDP having risen considerably.

/and people like Mitt Romney use rent seeking "investment" strategies to become multi-millionaires
 
2013-07-30 07:41:34 PM
Riiight. I'll take huff po's advice on economics.

I'd be broke by Thursday.
 
2013-07-30 07:42:24 PM

WhyteRaven74: ReapTheChaos: After a year or two, when all the wage and price increases have finally settled down, the economy will be right back to where it was before, and $15 an hour minimum wage wont buy a damn thing more than it did at $7.25.

If that was the case then it would be impossible for purchasing power to ever increase. Only thing is between 1947 and 1980 real purchasing power doubled.


It did not - and would not - do so because of forced market manipulation.
 
2013-07-30 07:42:49 PM
I'm not a business major, but I remember reading somewhere about payroll taxes paid by employers. You pay a tax based on how much you pay your employees. The more they get paid, the higher your payroll tax.

I think the student needs to crunch those numbers again.
 
2013-07-30 07:42:57 PM

accelerus: without analyzing shiat....

ask yourself this.

Do you think someone has a GED from high school, wears his pants at the bottom of his ass, and really really sucks at math... do you think they are worth $15/hour?

The reason you are paid minimum wage is because you are more than likely a person who always achieved the minimum in life. Grades/savings/common sense. I'd be willing to bet a sizeable sum that even if you put all that extra money into the hands of "those people" they wouldn't know to handle is properly.  They wouldn't pay off their credit cards, or student loans, it would be spent on dumb crap that dumb people like to buy.  Rims, booze, cigarettes, partying, eating out, a new car you (still) really can't afford.

In case you haven't noticed -- increasing the minimum wage does nothing in the long run to give anyone a better life.


Yes, they are worth that. You also sound like a closet racist with that dog whistle.

Food for thought - your "middle class" job with an income of 50k/year is basically what a minimum wage job was back in the early '60s.
 
2013-07-30 07:43:49 PM

Weaver95: Pray 4 Mojo:
If my minimum wage employees are crappy employees BECAUSE I'm paying them minimum wage... then they are crappy employees. Show up early, be smart, work hard and learn... you will get more responsibility and income.

But that's not how it works in the majority of min wage work places.  Take walmart for example - you work your best...you get shiat on.  you show up and do the bare minimum...you get shiat on.  there's no incentive to work hard because you won't ever be rewarded for it.  in fact there's every reason to believe you'll actually be punished for it.


You are a farking moron if you really believe that.

The correct statement is  there's no incentive to work hard because I don't know how to ever be rewarded for it.

There is a reason why MANY people start jobs at WalMart and work their way up to decent salaries - because they are worth more than you. Get used to it.
 
2013-07-30 07:44:16 PM

BgJonson79: So all those large public-sector investment programs mentioned on NPR's Market Place are what... figments of Kai's imagination?


Those are called table scraps. Virtually all stock is owned by 20% of the population: See the bottom of this page from the Census
 
2013-07-30 07:44:42 PM

Warthog: If we accept that we will continue to need fast food workers and we will continue to have un-/under-educated folks who fill fast food positions, would you rather:

a) see their wages go up so they stop needing welfare;
b) continue to have your tax dollars go to the welfare assistance that makes up the difference in their wages, and subsidizes McDonald's payroll; or
c) keep their wages low and abolish welfare, so that they either end up in jail, die of starvation, and/or come murder you in the middle of the night?

I don't see an option d).


d) I grill my own superior burger
 
2013-07-30 07:44:47 PM

Aarontology: You can have good wages, or you can have welfare.

those are your choices.


Technically, you could pay half the poor to kill the other half. Sometimes it seems like we're not all that far from there.
 
2013-07-30 07:45:21 PM

keylock71: js34603: Yeah, the only thing more prevalent than successful entreprenuers on Fark is people who are absolutely sure about how to run a business and that they would be successful, despite having no experience due to the man keeping them down.

You must be visiting a different Fark than me...


I have personally run a failed business, learned from it and run a successful business, learned from that and got into a job that paid far more than I could earn running my own business.  Yes I am in IT, no I am not Gen Y or Z, yes I learned assembler for my first project.  Now I spend most of my time in meetings, conference calls, and recovering from issues in delivery.   In my practice shiat rolls uphill.  I am accountable if anything goes wrong and I protect my guys and gals.
 
2013-07-30 07:45:41 PM

TuteTibiImperes: ferretman: FTA: "In other words, for every dollar McDonald's earns, a little more than 17 cents goes toward the income and benefits of its <a data-cke-saved-href="http://money.cnn.com/2011/04/04/news/companies/mc donalds_jobs/index.ht m" target="_hplink">more than 500,000 U.S. employees."

Yes...there are no other costs besides employee pay and benefits. What the student hasn't taken into account, if minimum wage was doubled, the rising costs associated with the suppliers, the ones who manufacture the beef patties, chicken nuggets, soda syrup, shake mix, french fries, fish sandwiches, packaging suppliers, etc. These are all manufactured by other companies under contract to, in this case, McDonalds and are typically union-shops (at least on the east coast). If everyone's wages increase the product cost will increase and there will be less jobs.

More people earning more money will allow them to spend more in their local economies supporting other businesses that will then earn more profits and be able to expand hiring more employees and creating more jobs.


Not even remotely that simple.  More pay = Higher costs.  Companies will not lessen their profits.  That higher pay will also make those who already make more than minimum wage poorer due to the fact they are also paying more.  The only people who benefit are those on the top like always.

The only way to do this properly is to enact a tax against companies that covers any government assistance for the employee.  So if the employee is entitled to a combined 500 dollars of government assistance a month that company pays 500 dollars in additional tax.  They can raise their prices as high as they want and make EVERYONE poor but they still will not be able to maintain their profit margins and all workers would be adequately able to survive.

This is the only way I can think of that has any possibility of working.  Any other method results in company greed winning because they control all of the pieces.  We have to remove their control of the pieces.
 
2013-07-30 07:45:54 PM

freewill: super_grass: *snarky remark about bootstraps and privilege*

The worst thing is that my personal story actually involves seeing a $9/hour job in the classified ads for a town 1,000 miles away that I'd never seen before, getting on a train with less than $1,000 to my name, and living in a seedy motel until I could afford my first apartment, unfurnished, because I didn't want to turn 22 unemployed, living in my dad's basement, in my rural hometown.

If Amtrak weren't SOOOOOOOOOOCIALISM, it'd be the bootstrappiest thing that ever happened outside of wartime. Or something.


Haha you made me spit out some Miller High Life. I like you.
 
2013-07-30 07:45:57 PM
If that kind of thinking was applied to all of America and we experienced 17% inflation on all prices across the board overnight there would be blood in the streets as our economy collapsed.
 
2013-07-30 07:45:59 PM

super_grass: A 30-something year old really shouldn't be looking at serious employment in these positions.


Yeah, in a perfect world, maybe, but in case you haven't noticed, we don't live in one of those... How about a 30 year old mill worker who got laid off and still has a family to support? How about the 30 year old rural resident with very few career opportunities? How about the 30 year old single mother who has to support her children?

Sometimes that minimum wage job is all that some people have available to them. it's real easy to pontificate on the internet when you're not in that position yourself.
 
2013-07-30 07:46:13 PM

OnlyM3: Riiight. I'll take huff po's advice on economics.

I'd be broke by Thursday.


Your brokitude will mean that you will consume more social services, requiring more government spending, and thus stimulating the economy.

It makes perfect sense if you think about it.
 
2013-07-30 07:46:45 PM

basemetal: new study provided to The Huffington Post by a University of Kansas student.

So says a student.


I would just like you to stop and think about how dumb that statement is. You may be unaware of this but some of the greatest discoveries in the history of science and medicine were made by grad students. But hey why should facts get in the way of your apathetic, greedy, self centered world view.

Sorry you dumb as fark anti-intellutaulists really piss me off.
 
2013-07-30 07:46:46 PM
Forty cents
DNRTFA
 
2013-07-30 07:47:44 PM
You all sound really really fat. And that makes me angry, because I'm really really hungry.

/Could use a hot apple
 
2013-07-30 07:47:47 PM

OregonVet: Just raise minimum wage to $12 and index it to inflation. Since McD employees already earn more than minimum, according TFA, it will be a bonus for everyone. Problem solved. We'll do ourselves a favor by not having to hear about this crap every year or so....


Have to add that, or else we're just delaying the problem.
 
2013-07-30 07:48:07 PM

Tourney3p0: puddleonfire: FTA: " would cause the price of a Big Mac to increase just 68 cents, from $3.99 to $4.67"

Who in their right mind would pay $4 for a Big Mac alone when you can get a Double-Double AND fresh-cut fries for a fiver from In n Out?
WHAT A STEAMING PILE.

It sure is.  They both are, actually.  How do you people even eat that crap?   It barely even qualifies as food at that point.


Poison really is a better term. That shiat will kill you.
 
2013-07-30 07:48:14 PM
Fast Food is where you work when you are figuring out where you want to work.

It's a starting point. It's a highly competitive business. They are not likely to raise prices at the expense of losing business.
 
2013-07-30 07:48:53 PM
assets.diylol.com
 
2013-07-30 07:49:00 PM
m.img.brothersoft.com

Yes, by all means let's pay these highly educated and skilled executive chefs a wage more in line with their extensive training and unique abilities.
 
2013-07-30 07:49:35 PM

marsoft: BgJonson79: Weaver95: BgJonson79: Weaver95: Dow Jones and the Temple of Doom: But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.

well, given that your average CEO makes 400% more than they're worth....you could start there.

Who decides what a CEO is worth?

well, basically the CEO stacks the board of directors with his buddies, then tells them that he will give them raises if they make sure he gets a ton of money.  then they vote themselves a ton of money, fire half their workers and move their core business production overseas to take advantage of chinese slave labor and zero environmental protection laws.  sure, they end up with a crappy product and the chinese steal their proprietary manufacturing data but f*ck dude, they're making OODLES of cash!

And shareholders bring nothing to the table?

Little known fact but the majority of shareholders in publicly listed companies are fund managers for pensions who are supposed to represent the investors.  However, they of course are looking for good dividends which no matter what their investors personal wishes are is their required responsibility to ensure the growth of the pension funds.

Pension fund managers will OK anything that will increase the dividends and/or share values so as to protect their investors.


That's how I understand it to work as well.  People don't go to their stockbrokers and say, "Get me a shiatty return on investment!"
 
2013-07-30 07:50:40 PM

jst3p: Pray 4 Mojo: The Stealth Hippopotamus: 550 million Big Macs are sold in the US every year.

550,000,000 X .68 = 374,000,000.00

If McD thought they could just increase the price of their Big Mac and make an additional 374 million dollars don't you think they would have already done it?!?

This.

Pointless study is pointless.

/If you work at Mcdonalds in an attempt to support anyone other than yourself, at some point, you failed at life.

This as close to the actual words, "I got mine, fark you" I have ever seen.


Thanks!

In 1992... I was working for a general contractor as a shovel operator for 6 bucks an hour (which I think was CA minimum wage... if not... it was damn close). You know what I did? I worked hard. I didn't complain. I showed up every day. I learned everything I could. I asked for more responsibility. I didn't have kids when I couldn't afford them.

I make a shiatload more than 6 bucks an hour now... and I still work for a GC (a different GC though). And you know what? I still work hard. I still don't complain... etc...

So yeah... fark you. I got mine because I WORK for it. Go get your own... it's not impossible.

Life doesn't owe anybody a farking thing.
 
2013-07-30 07:50:46 PM

Mrbogey: If that kind of thinking was applied to all of America and we experienced 17% inflation on all prices across the board overnight there would be blood in the streets as our economy collapsed.


Everybody's pay increases by 100%, cost of living increases 17%.  Meaning everybody still has 83% more buying power than before.  And you think people would be upset?
 
2013-07-30 07:51:31 PM

keylock71: super_grass: A 30-something year old really shouldn't be looking at serious employment in these positions.

Yeah, in a perfect world, maybe, but in case you haven't noticed, we don't live in one of those... How about a 30 year old mill worker who got laid off and still has a family to support? How about the 30 year old rural resident with very few career opportunities? How about the 30 year old single mother who has to support her children?

Sometimes that minimum wage job is all that some people have available to them. it's real easy to pontificate on the internet when you're not in that position yourself.


That still doesn't make 30-year olds depending on these jobs any less wrong. There are people who have been reduced to picking cans too, this doesn't mean that can picking suddenly should be the new middle class job. It just means that there's not enough non-shiatty jobs around.
 
2013-07-30 07:51:42 PM

pueblonative: Debeo Summa Credo: Weaver95: Dow Jones and the Temple of Doom: But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.

well, given that your average CEO makes 400% more than they're worth....you could start there.

Again, when you start your business, pay the CEO no more than he's worth. With paying only fair wages to everyone, you should be able to offer a quality product at a fair price, crushing the inefficient corporations who waste all their money on executive pay.

You don't own McDonald's. It's none of your farking business what they decide to offer in wages or salary to ANY of their workers.

It does when they get tax credits and breaks for creating jobs and we get the tax bill to make sure their employees have luxuries like food and heat because their CEO can't make a budget that corresponds to real farking life.


I can't believe people still actually respond to this shiatstain.........
 
2013-07-30 07:52:40 PM

generallyso: BgJonson79: So all those large public-sector investment programs mentioned on NPR's Market Place are what... figments of Kai's imagination?

Those are called table scraps. Virtually all stock is owned by 20% of the population: See the bottom of this page from the Census


Are large public-sector investors considered population?
 
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