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Posted on 4/3/24 at 1:54 pm to Smeg
Labor and food costs are generally around 60% of a restaurant's expenses. Both of those have only increased.
These restaurants either have to raise prices or close.
The other costs arent going down either. Like repair and maintenance costs.
These restaurants either have to raise prices or close.
The other costs arent going down either. Like repair and maintenance costs.
This post was edited on 4/3/24 at 1:57 pm
Posted on 4/3/24 at 1:54 pm to Oilfieldbiology
quote:Fair but who does this effect beside people in the stock market. Investing is gambling essentially
If a public companies profit, or profitability, decreases stock evaluations will go down
quote:
This will make borrowing money less favorable/more expensive in the future meaning companies will need to control costs even further and more harshly.
Why do you need to borrow money if you are making 10 billion in profits a year? for that matter who isn't going to be hesitant to loan a company money making that much in profits? isn't that how free enterprise works. For every big bank that is hesitant to loan money to a company whos profits are reduced there are smaller banks salivating at chance to shell out that money. In what world is a company that still has sky high profits and margins a bad bet because they lost a percentage of their revenue due to raising salaries?
quote:
if the company refuses to raises prices to make up for the lost profitability or profit, the company will begin firing people to reduce their overall costs.
and this is my question from the start WHY?
Posted on 4/3/24 at 1:54 pm to Smeg
A targeted, selective minimum wage is bullshite.
I suspect some of this is driven by an animosity against fast food. "We can't get people, often poor, to quit eating this crap so we'll run them out of business."
I suspect some of this is driven by an animosity against fast food. "We can't get people, often poor, to quit eating this crap so we'll run them out of business."
Posted on 4/3/24 at 1:56 pm to Smeg
Ballooning prices is definitely an exaggeration. You can't always go off of percentages either. It's a matter of what people will pay. You can say this item increased by 100% in cost, but oh yeah it was $1 previously.
If $16 is too high to pay for fast food, which it is, so was $15. It doesn't have to happen either, but the company executives want those 8 digit bonus checks at year's end so....
If $16 is too high to pay for fast food, which it is, so was $15. It doesn't have to happen either, but the company executives want those 8 digit bonus checks at year's end so....
Posted on 4/3/24 at 1:57 pm to LNCHBOX
CEO compensation has increased their pay from 1978 to 2018 by 1007.5% while the typical workers salary has increased only 11.9%
Salaries and pay across the board have been way too stagnant for way too long in this country. To where the average middle class family has to have both parents work full time high paying jobs to live comfortably and not paycheck to paycheck
Salaries and pay across the board have been way too stagnant for way too long in this country. To where the average middle class family has to have both parents work full time high paying jobs to live comfortably and not paycheck to paycheck
Posted on 4/3/24 at 1:59 pm to Clames
You let me know when a business can run fully automated by itself without nothing but share holders who also don’t do any physical work. They just have the money to back it. No matter how they may have accumulated that wealth
Posted on 4/3/24 at 2:00 pm to Finkle is Einhorn
quote:
Finkle is Einhorn
Jesus Christ you are an idiot.
Posted on 4/3/24 at 2:00 pm to Finkle is Einhorn
quote:
Salaries and pay across the board have been way too stagnant for way too long in this country. To where the average middle class family has to have both parents work full time high paying jobs to live comfortably and not paycheck to paycheck
Im a millennial and my parents are boomers.
I didnt have any friends who had a stay at home mom. They all worked.
This post was edited on 4/3/24 at 2:01 pm
Posted on 4/3/24 at 2:01 pm to Finkle is Einhorn
quote:
. To where the average middle class family has to have both parents work full time high paying jobs to live comfortably and not paycheck to paycheck
Guess we're just making shite up now. 
Posted on 4/3/24 at 2:02 pm to Finkle is Einhorn
quote:
You let me know when a business can run fully automated by itself without nothing but share holders who also don’t do any physical work. They just have the money to back it. No matter how they may have accumulated that wealth
Sure, you just need one or two people who know how to do maintenance on the equipment. Which won't be the fry guy you replaced with a machine.
You never heard of flippy?
This post was edited on 4/3/24 at 2:06 pm
Posted on 4/3/24 at 2:04 pm to Smeg
Simple solution: stop eating fast food it is poison and extremely unhealthy.
Posted on 4/3/24 at 2:04 pm to Smeg
Fast food workers will be demanding $30/hr soon enough. The inflation cycle will continue.
Posted on 4/3/24 at 2:04 pm to Finkle is Einhorn
quote:
Salaries and pay across the board have been way too stagnant for way too long in this country. To where the average middle class family has to have both parents work full time high paying jobs to live comfortably and not paycheck to paycheck
Sorry, but the salary of CEO's has absolutely fricking nothing to do with women being forced into the workplace.
Posted on 4/3/24 at 2:05 pm to dgnx6
Yes it’s been that way for quite a while now
Posted on 4/3/24 at 2:07 pm to dgnx6
You need one or two people to work on the equipment for every McDonald’s in the world?
Ok how many share holders and executives do you need to be over those one or two workers?
Ok how many share holders and executives do you need to be over those one or two workers?
Posted on 4/3/24 at 2:08 pm to Upperdecker
quote:
Fast food workers will be demanding $30/hr soon enough. The inflation cycle will continue.
Exactly. Wages are in relationship to one another. The ripple effect from artificially increasing the bottom rung up only causes all of the wages up the ladder to move one rung up. The result is only inflation.
Posted on 4/3/24 at 2:09 pm to mindbreaker
quote:
or ignoring the fact that profit margins are a way bigger priority to these companies than taking care of employees and serving the public will ever be.
No shite? CEOs are required to meet budgets and maintain profits? Some of y’all are flaming idiots.
Posted on 4/3/24 at 2:09 pm to Finkle is Einhorn
quote:
Yes it’s been that way for quite a while now
Well what does that have to do with ceo salaries?
My mom entered the workforce before 1978. So as women entered the workforce CEO salaries increased.
Ceo salaries increasing didnt force women into the workforce.
Posted on 4/3/24 at 2:10 pm to Smeg
Everything will increase. The guy who was already making $20 now needs to make $25 to keep ahead.
Minimum wage workers will see no increase in purchasing power. There will always be jobs with minimal skill requirements which pay low.
Minimum wage workers will see no increase in purchasing power. There will always be jobs with minimal skill requirements which pay low.
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