Careful what ya wish for($15hr.)

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Originally posted by: pjstroh
Your definition of "prosperous" is being able to eat, receive medical care, and have a bed to sleep in? Damn. Where the hell did you grow up?

Without the communist laws of the New Deal you would likely have dropped out of school in 5th grade to work in a health-hazard factory for 80 hours a week for peanuts. But you'd sleep well at night knowing the open market determined your income.
Wait a minute. Where did I say we don't need any labor laws? And again, why don't third world countries just raise the minimum wage to eliminate poverty? Why? Because it doesn't work that way in the real world. They raise the minimum wage and a lot of those workers don't have jobs...and then they starve.

I'm saying minimum wage laws cause more harm than good because it kills jobs. They prevent some people from getting their first job...sometimes from getting any job ever. I'm saying if you can't make minimum wage and you need help with food, shelter and medical attention, it's not your employer's responsibility...but your government's responsibility. And it's better to have people working and subsidize their incomes than not having them working and subsidize their income. Duh.

You do realize that 96% of American Workers make more than minimum wage, right? OMG! How can that be that these evil employers would actually pay so many workers more than the government mandated minimum?

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Originally posted by: billryan
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Originally posted by: hoops2
As usual pj deals with fantasy.

The facts

As of 2013, the U.S. restaurant franchise with the highest sales is Chick-fil-A. Its restaurants average gross revenues of $3.1 million per year. McDonald's is second with $2.6 million in annual single-store sales..
Profit margins are typically low for restaurants in general and especially for restaurants owned by individual franchisees. The average profit margin for the restaurant industry overall is 2.4 percent, as of 2013. The margin is down from 3.2 percent in 2009. The average franchised restaurant location makes a profit of less than $50,000 per year as of 2013

So a doubling of the minimum wage will force most of these places into the red.


What a load of utter bullshit.. This seems to be from the same article hoops selectively quoted....
.... But to open a single restaurant, the company requires that potential franchisees have liquid assets of at least $750,000.

Startup costs, which include construction and equipment expenses, average between $955,708 and $2.3 million, according to McDonald's. The total is determined by the geography and size of the restaurant, as well as by the selection of kitchen equipment, signage, style of decor, and landscaping, the company says.

Franchisees must pay 40% of the startup costs with cash and other non-borrowed resources, while the rest can be financed.

In addition to those costs, McDonald's charges a $45,000 franchisee fee and an ongoing monthly service fee equal to 4% of gross sales. Franchisees must also pay rent to the company, which is a percentage of monthly sales.

So hoops is trying to say a McDonalds owner lays out between a half a million and a million in cash, and finances an equal amount in order to clear $50,000 a year.

I don't think hoops2 is saying an average McD's profits $50,000/yr. I think he's saying the average of all franchised restaurants.
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Originally posted by: pjstroh - Employers who don't pay their employees enough to survive are assholes.


People who think a business should pay an employee more than the employee earns for the business are idiots.

How fitting...

R.I.P.

Pj had to go back almost 100 years to find a photo.

After 100 years the number of successful communist economies remains at zero. I don't see pj moving to the communist paradise of Venezuela.

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Originally posted by: pjstroh
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Originally posted by: alanleroyII
Ah yes. The wonderful world of communism. From each according to his ability to each according to his need. Here's a concept. Instead of distorting the labor markets and forcing employers to pay what the employees 'need', how about letting employers pay what the job is worth on the open market?





you mean like they do in third world countoires and in the US before communist minimum wage laws? Yes. What could possibly go wrong with the open-market purism? Our own history has the answer.

AlanLeroy's Utopian open-market society....




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Originally posted by: JM2300
How fitting...

R.I.P.


When McDonald's first came to Long Island,most didn't offer the Big Mac. They opened five or six stores almost simultaneously, and only the one in Hicksville had the Big sandwich, then called the Blue Ribbon Burger. Their competition was Wetsons with their SuperBurger. Burger King didn't really penetrate Long Island until the early 1970s.
McDonald's used to advertise two cheeseburgers, fries and a coke for under a buck.
The more you automate, 2 jobs are always open:

The job of fixing/maintaining all of that automation
The job of programming the computers.

Both jobs can pay quite well, although neither will flip burgers or take your order.

Btw, automated sanitation takes place every day, what do you think washes the dishes at the restaurants, the beer bottles prior to being filled with beer? What fills up those quart containers of milk, ice cream, orange juice, and other tasty drinks?

Automation is in all phases of the food industry, not too hard to have a robot take and fill your order.
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