{"id":36,"date":"2008-05-09T17:15:22","date_gmt":"2008-05-09T21:15:22","guid":{"rendered":"http:\/\/hoolihan.net\/blog-tim\/?p=36"},"modified":"2008-05-09T17:15:22","modified_gmt":"2008-05-09T21:15:22","slug":"pizza-lebron-and-economics","status":"publish","type":"post","link":"http:\/\/hoolihan.net\/blog-tim\/2008\/05\/09\/pizza-lebron-and-economics\/","title":{"rendered":"Pizza, Lebron, and Economics"},"content":{"rendered":"<p>Papa John&#8217;s in the Northeast Ohio had 23 cent pizzas yesterday.\u00a0 People waited in line 5 hours to get these pizzas.\u00a0 Keep in mind, you were limited to one pizza per household.<\/p>\n<p>So let&#8217;s say that it would have cost you $10.23 for that same pizza, without the special.\u00a0 You saved $10 by waiting in line for 5 hours.\u00a0 If someone asked me to wait in line to save $2\/hour, I don&#8217;t think I&#8217;d be interested.<\/p>\n<p>Estimating that you make $5 after taxes at a minimum wage job, you could have earned $25 in that same amount of time. \u00a0 And considering the tax bracket that most minimum wage earners are in, we&#8217;re probably talking more like $30 or so.<\/p>\n<p>The only people who belonged at the end of a 5 hour line are those who are both unemployed and poor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Papa John&#8217;s in the Northeast Ohio had 23 cent pizzas yesterday.\u00a0 People waited in line 5 hours to get these pizzas.\u00a0 Keep in mind, you were limited to one pizza per household. So let&#8217;s say that it would have cost you $10.23 for that same pizza, without the special.\u00a0 You saved $10 by waiting in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-36","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/posts\/36","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/comments?post=36"}],"version-history":[{"count":0,"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/posts\/36\/revisions"}],"wp:attachment":[{"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/media?parent=36"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/categories?post=36"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hoolihan.net\/blog-tim\/wp-json\/wp\/v2\/tags?post=36"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}