Originally posted by QuarterMillionMan
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Two, my personal complaint about higher prices is that restaurant pricing (and drinks) appear to have skyrocketed way past any inflation or wage increases. Minimum wages around these parts have been high for quite some time, $15+ with some local establishments often paying a little more. Wages didn't double in the last two years, and now a drink at a bar sometimes cost as much as a whole bottle of liquor-- which is interesting, because liquor prices have (mostly) stayed the same.
Another example is a footlong sub at Subway - which you used to be able to get on special for $5 each. Now they're $17. "Sandwich artists" are not making $30/hr now.
Despite the increase in prices, people still wait for tables and the bar is still packed at the establishments I frequent. I wonder if people are spending less (A beer instead of a mixed drink?) or if restaurants are finding that they can continue to be busy while charging exorbitant prices for mediocre food. I think it's the latter - same with gas prices - record numbers of people hit the road this summer while still paying $5+/gallon in many cases.
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