LogFAQs > #909418773

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Topic	Millennials think they deserve $20 an hour to flip burgers at Wendys
Questionmarktarius 09/25/18 11:57:20 AM #84:	EdgeMaster posted... I know Venezuela is a shit hole with a crashed economy but Ill be honest, Im unfamiliar with the specifics. Wage floors alongside price controls are a potentially disastrous combination, and usually are. It's a catastrophic combination when runaway hyperinflation causes currency to lose half its value in about a day and a half. EdgeMaster posted... Im skeptical on this though, seeing as a banana costs as much as a fucking car. Or Im being lied to from venezualians who make videos describing their country on the internet. You're only getting half the details. A banana today costs what a car did about two weeks ago or so. <cite>Questionmarktarius posted [p:909418773] in Millennial... [t:77036794]...</cite> <quote><cite>EdgeMaster posted...</cite> <quote>I know Venezuela is a shit hole with a crashed economy but Ill be honest, Im unfamiliar with the specifics.</quote> Wage floors alongside price controls are a potentially disastrous combination, and usually are. It's a catastrophic combination when runaway hyperinflation causes currency to lose half its value in about a day and a half. <cite>EdgeMaster posted...</cite> <quote>Im skeptical on this though, seeing as a banana costs as much as a fucking car. Or Im being lied to from venezualians who make videos describing their country on the internet.</quote> You're only getting half the details. A banana today costs what a car did about two weeks ago or so.</quote> ... Copied to Clipboard!
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