The U.S. ended production of the penny Wednesday, abandoning the 1-cent coins that were embedded in American culture for more than 230 years as symbols of frugality and the price of a person’s thoughts but had become nearly worthless.
When it was introduced in 1793, a penny could buy a biscuit, a candle or a piece of candy. Now most of them are cast aside to sit in jars or junk drawers, and each one costs nearly 4 cents to make.
yup a good thing
now everything will jump in price. jump anywhere from 1 penny to 4 pennies. no company is going to round the cost down to the nearest 5 cents. they will round up. It might not be much per item but add up everything you buy in a year. it will add up.
I mean that’s not what happened in other countries that did it
Other countries actually passed laws and planned for the removal from circulation. Businesses had rules for how to handle it.
None of that happened here. This was done entirely without any plans for implementation. There are no rules for businesses to follow.
It also illegal because Congress controls how we mint and control money. Trump wasn’t allowed to do this. But what do I know I just follow the constitution.
This is the US, where companies and corporations are free to screw over as many people as they possibly can.
It’s not gonna be rounded down. I’d be pretty damn surprised.
1-4¢? Eh, make it $2 nobody will notice. /s
Sounds like how McDonald’s decided to update their pricing when “record inflation” was all over the news.
I’m not gonna lie, I wish In-N-Out was more widespread. Their pricing is leagues better than everyone else imo.
It’s still only $10-11 for a combo meal there. And it’s consistently good every time.