Shopping Discussion

Locked: Costs are going up as 2018 approaches?

  • Last Updated:
  • Dec 30th, 2017 7:16 pm
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[OP]
Deal Addict
Nov 22, 2009
2439 posts
453 upvotes
Toronto

Costs are going up as 2018 approaches?

Who said minimum wage hike won't have much affect on costs? I've noticed groceries prices went up quite a bit over the past 2 months, and everything also went up. McDonalds junior chicken is now $2.00 (from 1.67 not too long ago; 20% increase) and Tim Hortons prices also had an increase.

New minimum wage workers' standard of living probably won't be going up much after paying more taxes and increased prices of everything around them, while the purchasing power of those not getting an equivalent raise will slowly go down.
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Deal Fanatic
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Mar 23, 2008
9739 posts
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Edmonton
blitzforce wrote:
Dec 27th, 2017 4:16 pm
Who said minimum wage hike won't have much affect on costs? I've noticed groceries prices went up quite a bit over the past 2 months, and everything also went up. McDonalds junior chicken is now $2.00 (from 1.67 not too long ago; 20% increase) and Tim Hortons prices also had an increase.

New minimum wage workers' standard of living probably won't be going up much after paying more taxes and increased prices of everything around them, while the purchasing power of those not getting an equivalent raise will slowly go down.
And this applies to "Careers" in what way?

C
Banned
Dec 5, 2015
67 posts
27 upvotes
Thornhill, ON
Stuff continuously goes up every year and througout the year

So what do we blame price increase before on?

Prices have gone up in places with no min wage hikes as well!

Undoubtedly prices will go up but thats the point, it's supposed to.
Last edited by 99Percenter on Dec 27th, 2017 4:49 pm, edited 1 time in total.
Deal Addict
Oct 16, 2013
2220 posts
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Toronto
If most of your cost a min wage labours, yes there will be a noticeable price increase. Do keep in mind that it will still be dictated by the elasticity of demand.
Banned
Sep 22, 2009
691 posts
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Toronto
When your elect people who have never had to meet a payroll and who enjoy fully indexed pensions, you get policies like a 30%min wage hike. Like inflation and paying more for less? Keep voting red.
Deal Expert
Aug 2, 2004
30491 posts
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East Gwillimbury
theguru wrote:
Dec 27th, 2017 10:26 pm
Keep voting red.
Doesn’t matter who you vote for, Blue is no better and orange is definitely the worse of the three
Jr. Member
Jul 28, 2017
134 posts
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Lets ignore the multitude of scholarly articles from scholarly individuals who argue otherwise but sure anecdotal evidence proves it!
Deal Guru
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Mar 14, 2005
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City of Vancouver
Antique furniture prices are going down.
De gustibus non est disputandum
Deal Expert
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Oct 26, 2003
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Winnipeg
inflation is designed to be positive, BoC target rate is around 2.5% per year, so it is working as intended. This is how all the economies in the world operates.
Deal Expert
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Jan 7, 2007
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Op, somebody has to pay for all those machines that are replacing the humanoids. You didn't think they were free, did you?
A life spent making mistakes is not only more memorable, but more useful than a life spent doing nothing.
Deal Fanatic
Feb 7, 2017
9887 posts
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Eastern Ontario
divx wrote:
Dec 28th, 2017 2:21 am
inflation is designed to be positive, BoC target rate is around 2.5% per year, so it is working as intended. This is how all the economies in the world operates.
100% this

Inflation today is nothing...

The percentage rate has been under 4% since 1991 (some years under 1%)
And today you can get a 10 year Mortgage for around 6%

Crazy was back in the 1970s & 1980s when we had double digit inflation EVERY YEAR
And Mortgage Rates at over 20%

Costs expedentially go up... but salaries don’t keep up

That’s when EVERYONE discovers there is waaaaay more month than money!
Banned
Sep 22, 2009
691 posts
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Toronto
Gee wrote:
Dec 27th, 2017 10:37 pm
Doesn’t matter who you vote for, Blue is no better and orange is definitely the worse of the three
Blue is no better? Please substantiate. Agree orange is the devil reincarnate.
Deal Guru
Feb 9, 2012
14651 posts
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Toronto
Gee wrote:
Dec 27th, 2017 10:37 pm
Doesn’t matter who you vote for, Blue is no better and orange is definitely the worse of the three
theguru wrote:
Dec 28th, 2017 11:53 am
Blue is no better? Please substantiate. Agree orange is the devil reincarnate.
Like it or not, orange is the only way to go under a minority government, but god help us all if they get a majority.
Deal Guru
Feb 9, 2012
14651 posts
2728 upvotes
Toronto
blitzforce wrote:
Dec 27th, 2017 4:16 pm
Who said minimum wage hike won't have much affect on costs?
Sitting pretty at $11.60/hr is not the answer either.
You might have stronger legs to stand on if maybe you support a 12 something wage at least...but even then, what about costs that are going up regardless?
$14 is needed for living sake, (living wage) and the economy.
Deal Expert
Aug 2, 2004
30491 posts
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East Gwillimbury
theguru wrote:
Dec 28th, 2017 11:53 am
Blue is no better? Please substantiate. Agree orange is the devil reincarnate.
If it makes you feel better, the next ON government will definitely be Blue

Every government will do things that someone will hate. Harris sold the 407 and Wynne sold Hydro

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