Minimum wage and freddo's , food for thought

[Dozer 73]

Food for thought
The Freddo theory
In 1999 minimum wage was £3.60/hour and a freddo was 5p
This means you could buy 72 freddos with an hours wage

Now minimum wage is £7.50/hour yet freddo's are 25p , meaning you can only buy 30 freddo's with an hours wage

For the continuum of freddo purchasing we need £18/hour minimum wage

 

[telectrix]

going back further, average wage in 1965 was £10/week. a gallon of 4 star was 5/-, so you could buy 40 gallons a week. now petrol is £5.35/gallon, so to buy 40 gallons, wage would need to be £214. so in that situation we're better off.

example 2. pint of milk was 1/-. so for your tenner you'd get 200 pints. now milk is 35p/pint so 200 pints would be £70.

the above goes to prove that freddos are a rip-off.

 

[Octopus]

Houses have got a bit more expensive .......

 

[Rpa07]

I like freddos - they are the equivalent of a shot to a chocoholic! and the caramel Freddo just provides its own lubrication!
Chocolate! aaaah!

 

[Dozer 73]

going back further, average wage in 1965 was £10/week. a gallon of 4 star was 5/-, so you could buy 40 gallons a week. now petrol is £5.35/gallon, so to buy 40 gallons, wage would need to be £214. so in that situation we're better off.

example 2. pint of milk was 1/-. so for your tenner you'd get 200 pints. now milk is 35p/pint so 200 pints would be £70.

the above goes to prove that freddos are a rip-off.

I like freddos - they are the equivalent of a shot to a chocoholic! and the caramel Freddo just provides its own lubrication!
Chocolate! aaaah!

must admit prefer a good old CHOMP

 

[Rpa07]

CHOMPs can be quite testing to the uninitiated - you don't want to be caught taking a break from chewing 2 minutes in - never live that down!

 

[BarryJ90]

That's crazy, to be honest I don't remember Freddo's ever being 5p, were always 10p when I was younger but just goes to show!

 

[telectrix]

never heard of freddos before this thread.

 

[ED17]

never heard of freddos before this thread.

All sparkies eat freddos. It's the law!

 

[Rpa07]

All sparkies eat freddos. It's the law!

True Dat!

 

[Rpa07]

never heard of freddos before this thread.

That's because they are not made of Hops Tel! Am I right?

 

[ChrisElectrical88]

If the minimum wage was £18 then a pint would cost over a tenner, a brew would be about £8 and a McDonald's breakfast would cost a fortune.

 

[Pete999]

Whats a "freddo" I'm retired so be mindful of how you answer please.

 

[ChrisElectrical88]

It's a small cadburys chocolate bar shaped as a frog. About 4 inches long and 1 inch wide.

 

[Pete999]

It's a small cadburys chocolate bar shaped as a frog. About 4 inches long and 1 inch wide.

OK nice, but what's the big deal with then?