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Started By
Message
re: California’s $20 fast food minimum wage balloons menu prices
Posted on 4/3/24 at 2:11 pm to Finkle is Einhorn
Posted on 4/3/24 at 2:11 pm to Finkle is Einhorn
quote:
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?
Mcdonalds is franchised. If i owned like 5 McDonalds then i would need 1-2 people that can work on the machines.
And not have 100 other employees at minimum wage.
This post was edited on 4/3/24 at 2:12 pm
0
Posted on 4/3/24 at 2:13 pm to Tigerstark
quote:
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.
Exactly. Your pay is dictated by 2 things.
1 - How replaceable are you?
- If your job is trainable in a few hours/days you will never make much money.
2 - How much money do you make someone else?
- Drew Brees made lots of money because he made the Saints and NFL lots of money. A great teacher may be "more important" but they can't pack a stadium at $150/head every weekend.
This post was edited on 4/3/24 at 2:14 pm
Posted on 4/3/24 at 2:13 pm to LNCHBOX
What did I make up?
The median household income in 2022 is $74k
The median home costs $417k
Costs are steadily increasing at a much higher rate than pay is. There’s no denying that. Causing both parents to have to work. Very very few families have just one parent working anymore
The median household income in 2022 is $74k
The median home costs $417k
Costs are steadily increasing at a much higher rate than pay is. There’s no denying that. Causing both parents to have to work. Very very few families have just one parent working anymore
Posted on 4/3/24 at 2:15 pm to Finkle is Einhorn
The problem is inflation. Your solution is more inflation.
Posted on 4/3/24 at 2:16 pm to Finkle is Einhorn
quote:
Costs are steadily increasing at a much higher rate than pay is. There’s no denying that. Causing both parents to have to work. Very very few families have just one parent working anymore
Well that was my argument, this was true 30 years ago. this didnt happen yesterday.
A lot of people in my generation think they should be able to afford their own house or condo at 30.
My parents with 2 incomes were still renting at 30. They didnt buy their first home until I was in middle school.
Yet these single millennials think they should be able to afford a 417k home on one salary?
That wasnt happening before either.
This post was edited on 4/3/24 at 2:18 pm
Posted on 4/3/24 at 2:17 pm to mindbreaker
quote:
On no how will they ever survive without raising costs
So if you were running a business, and that business was making 1M a year for the last 10 years, you just took it over. So that’s the expectation, that’s the balanced budget, 1M per year. Suddenly a new wage increase happens that’s going to lower that to 75K. What you gonna do? You good with getting fired? Or are you gonna find a way to make up that loss?
Posted on 4/3/24 at 2:18 pm to Finkle is Einhorn
quote:
Causing both parents to have to work.
So either you consider $40k per job "high paying," or you were just full of shite with the 2 high paying jobs cliam.
Posted on 4/3/24 at 2:24 pm to mindbreaker
quote:
On no how will they ever survive without raising costs
Franchise owners are not McDonald's corporate, you absolute idiot.
Posted on 4/3/24 at 2:27 pm to LNCHBOX
I’m saying they need a higher paying job than the average of $74k a year
Cause I would imagine it’s pretty difficult to live comfortably on $74k unless you’re happy living paycheck to paycheck and never owning anything
Cause I would imagine it’s pretty difficult to live comfortably on $74k unless you’re happy living paycheck to paycheck and never owning anything
Posted on 4/3/24 at 2:27 pm to mindbreaker
quote:
and this is my question from the start WHY?
I just answered you from a public, corporate standpoint. Lending rates, stock evaluations, bonuses,
I didn’t even touch on the people really impacted in this minimum wage rate hike, franchise owners. As others have said, these guys are doing well, but their number one cost is labor. If you see a 10% spike in labor, chances are you are now relatively close to break even.
At some point, even if you’re making $1 million/yr, if you need to spend $100 million to make it, you’re probably better off just closing up shop and using your money in a more profitable venture.
This post was edited on 4/3/24 at 2:29 pm
Posted on 4/3/24 at 2:27 pm to Finkle is Einhorn
quote:
I’m saying they need a higher paying job than the average of $74k a year
Cause I would imagine it’s pretty difficult to live comfortably on $74k unless you’re happy living paycheck to paycheck and never owning anything
Wait, so not two high paying jobs now? So you were making shite up. Glad we got that squared away.
Posted on 4/3/24 at 2:28 pm to Finkle is Einhorn
$74k is $17.78 an hour for each person working in the household
Posted on 4/3/24 at 2:29 pm to SouthEndzoneTiger
quote:
So if you were running a business, and that business was making 1M a year for the last 10 years, you just took it over. So that’s the expectation, that’s the balanced budget, 1M per year. Suddenly a new wage increase happens that’s going to lower that to 75K. What you gonna do? You good with getting fired? Or are you gonna find a way to make up that loss?
Who would fire me? did you mean 750K a year? I'm going to give you the benefit of the doubt and assume you did.
If I'm the owner I would have zero problem with this. If I'm working for a owner who wants to fire me because of this then that isn't someone I want to be working for in the first place.
Posted on 4/3/24 at 2:31 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
Something happened in the 1970’s that essentially doubled the work force pool but I can’t quite think of what it is.
Posted on 4/3/24 at 2:31 pm to mindbreaker
Where does a 16 year old void with no experience get a job with these idiotic wages?
Posted on 4/3/24 at 2:36 pm to Smeg
More expensive burgers while maintaining subpar quality. Sounds like good times.
I mean really, who didn’t see this coming? You don’t have to actually have a business degree to know that increased costs cause prices to go up for the consumer, the same consumers who saw an increase in pay with an increase in the cost to eating their food.
When are people going to finally come to grips with the fact that raising the minimum wage does not help people as job training and better employment to sustain themselves with does?
I mean really, who didn’t see this coming? You don’t have to actually have a business degree to know that increased costs cause prices to go up for the consumer, the same consumers who saw an increase in pay with an increase in the cost to eating their food.
When are people going to finally come to grips with the fact that raising the minimum wage does not help people as job training and better employment to sustain themselves with does?
Posted on 4/3/24 at 2:38 pm to Jbird
quote:
Where does a 16 year old void with no experience get a job with these idiotic wages
Great question. I remember my first job at a hardware store at 15 yo making $5.50 an hour. I probably wasnt worth that bc I knew literally nothing. Someone had to either explain or show me everything. Customers would come in & ask me what tool they needed for a certain job & I had no clue. I couldn't imagine someone having to pay 15 yo me $20+ an hour.
This post was edited on 4/3/24 at 2:42 pm
Posted on 4/3/24 at 2:40 pm to Jbird
We have had about 6 minimum wage threads on this board since Monday and not one minimum wage supporter has indicated even the slightest grasp of basic economics.
It’s truly sad what our education system has churned out
Hey finkle, learn basic math before running your mouth on ceo pay
McDonald’s had about 1.9 million employees (including franchises) as of 2015.
If you reduced the CEO’s salary to $0 and transferred it to employees, each would get about $5/year more.
It’s truly sad what our education system has churned out
Hey finkle, learn basic math before running your mouth on ceo pay
McDonald’s had about 1.9 million employees (including franchises) as of 2015.
If you reduced the CEO’s salary to $0 and transferred it to employees, each would get about $5/year more.
Posted on 4/3/24 at 2:41 pm to AlterDWI
Exactly like I said yesterday my buddy is a grocery store manager.
They went to automated checkout
80-90 high school kids back in the day
Now 20 or so
They went to automated checkout
80-90 high school kids back in the day
Now 20 or so
Posted on 4/3/24 at 2:43 pm to Smeg
Honestly, what halfway intelligent person couldn’t see this happening? Vote red, people
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