The Math of Black Friday Fallacy
Nov. 14th, 2014 07:43 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
captain_slinkyThere's a news item today about two ladies who are camped out in front of a Best Buy THREE WEEKS before the "Black Friday" sale in order to get a 50" Flt Screen TV for $199 (normally $499). The news is all about "LOL how cray-cray" and "Well in these harsh economic times blah blah blah", but look at the math:
These ladies are spending 24/7 away from their families for this deal, meaning they don't have any real commitments or obligations AT ALL that would keep them from getting a menial, minimum-wage job for those 3 weeks.
Considering that the National Minimum Wage is $7.25 an hour, if they were to work just 40 hours a week (and they would most likely get more hours than that considering that it would likely be two part-time minimum wage jobs, say Pizza Delivery and Gas Station Attendant) they would have $870 in gross pay - even after taxes, that's enough for each of them to buy the giant TV, a Blu Ray player AND a couple of movies at regular price which would further bolster the local economy!
AND they wouldn't have to be known as "Those Crazy Black Friday Ladies"!
These ladies are spending 24/7 away from their families for this deal, meaning they don't have any real commitments or obligations AT ALL that would keep them from getting a menial, minimum-wage job for those 3 weeks.
Considering that the National Minimum Wage is $7.25 an hour, if they were to work just 40 hours a week (and they would most likely get more hours than that considering that it would likely be two part-time minimum wage jobs, say Pizza Delivery and Gas Station Attendant) they would have $870 in gross pay - even after taxes, that's enough for each of them to buy the giant TV, a Blu Ray player AND a couple of movies at regular price which would further bolster the local economy!
AND they wouldn't have to be known as "Those Crazy Black Friday Ladies"!
