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2022.1028.0002...
1955
By 1970, one year after I graduated from High School, the price for a hamburger had gone all the way up to 18 cents. I had a job paying $1.25/hour and rented a cute studio apartment for $60/month. Those days are gone due to capitalist greed.
3 comments:
It's been reported that last quarter one of the Big Oil companies raked in $10B profit ... $10 **BILLION.** If that's not price gouging, I don't know what is.
"Capitalist Greed" can be justified when one business person talks to another and sattes, "IF you don't charge as much as I do, you're leaving money on the table." No matter the "good person" orientation on the one businessperson, they all want to make money as much as the greedy ones do. The "Shame Game".
When I moved to New York City (fresh out of college) in 1976, a regular McDonalds hamburger cost $0.35. 46 years later they cost $2.00 more than that. An increase of about $0.04 a year. Considering they still probably cost about $0.06 to mass produce...
Thanks, Rick!
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