Chick-fil-A restaurant in CA will pay employees $17 an hour

[martybegan]

He also seems to think that a business owner opens a store and sits back, watching the money roll in. He apparently cannot conceive of the reality that a new business owner will often not even take a salary for a long time until he generates enough revenue too pay himself. During that time, the employees have to be paid regularly, and can end up making more than he does.

And that employees can't have their earnings taken back if the company fails, but an owner can have their assets taken, even if properly protected via incorporating, (they usually have to use personal property as collateral to start the business in the first place)

True. That's why wealthy business owners are relatively rare. Most fail several times before they finally get everything lined up and running right.

Idiots seem to think it's easy. If it was, everyone would be doing it.

wealthy business owners are relatively rare

What color is the sky in your world?

Every business owner that I know is wealthy.

When your top position ever had is fry cook (assistant) everyone may appear wealthy.

When you have nothing intelligent to write, you go into attack mode. That's very ignorant of you.

No, when the person I am replying to turns out to be a cheap dime store hack, I go into ridicule mode.

 

[hadit]

You desperately want the fast food industry to have massive profits, so desperately that you keep reciting as an article of faith that the entire industry is lying about its profitability (in the face of all the government's auditors and regulations surrounding reporting), all without any corroborating evidence. Basically, you are claiming that the entire finance industry is one massive conspiracy, despite the fact that it cannot long survive on inaccurate or false reporting.

The fact is, the fast food industry as a whole does does not run on high profit margins. Only those who produce a high quality product and thus can charge higher prices are able to generate higher profits. The ones that go for the lowest prices also do not have high profit margins.

More Putin propaganda? All of Corporate America has massive profits. Keeping worker poor propagates Putin's plan to annihilate western culture. That makes you a commie. Ironically, my use of "commie" is the very first time it's been used correctly on the USMB.

The financial industry? Are you sure you want to go there? Need I remind you of the Bush bailouts of 2008?

All of Corporate America has massive profits.

How massive, as a percentage of sales?

Corporate America's big, fat profitable year

Corporate America's big, fat profitable year

There ya go!

Yes, we are aware that Trump's policies have benefited American business. That was one year. You are attempting to take one good year and pretend that all businesses have great years every year. They do not.

The big upturn started in 2015 and 2016. Trump has little to do with it.

So you're acknowledging that your example is not typical of business performance in general. IOW, you cherry picked one good year and pretended that all years are like that.

 

[hadit]

We will only know that if they stay in business.

and by paying $17 an hour they will attract harder workers, and will probably fire anyone who doesn't perform and replace with others who can.

Your standard $8.00 an hour get along get along fast food employee won't last here.

It's the publicity numb nuts! The story has gone world wide. This guy has has received millions in advertising by spending peanuts comparable. He's also let the proverbial cat out of the bag. Fast food CAN pay a living wage.

Sure, if you produce a superior product, charge higher prices, and demand better from your employees.

This Little Piggy Went to Market

If you can't, you have no right to be in business. But incompetents can make money by cheating their workers; that's why many are still in business despite the Free Market preachers pretending they can't make it.

How many highly successful businesses have you built and operate, charging the lowest prices and paying the highest wages? .

We Have Eminent Domain on the Economy; the Loud Ruling Class Must Be Shouted Down and Overruled

Henry Ford did it. We should allow only people like that to own businesses. Unfortunately, he later let his heir run the business; that is a recipe for disaster and we must forbid it.

The market does a pretty good job of weeding out poor performing businesses. No need to let unelected bureaucrats meddle.

 

[hadit]

You desperately want the fast food industry to have massive profits, so desperately that you keep reciting as an article of faith that the entire industry is lying about its profitability (in the face of all the government's auditors and regulations surrounding reporting), all without any corroborating evidence. Basically, you are claiming that the entire finance industry is one massive conspiracy, despite the fact that it cannot long survive on inaccurate or false reporting.

The fact is, the fast food industry as a whole does does not run on high profit margins. Only those who produce a high quality product and thus can charge higher prices are able to generate higher profits. The ones that go for the lowest prices also do not have high profit margins.

he also ignores that most of these chains run on the Franchise model, and the Franchisee's operate on far smaller margins than the parent companies do.

But like a good little socialist, he ignores the people who deserve the profits for the risk they take, and instead want's the government to dictate how they make a living.

He also seems to think that a business owner opens a store and sits back, watching the money roll in. He apparently cannot conceive of the reality that a new business owner will often not even take a salary for a long time until he generates enough revenue to pay himself. During that time, the employees have to be paid regularly, and can end up making more than he does.

Smart business owners:

1) Have sufficient capital. (access to at least five years operating capital)
2) know who to hire. (which can be farmed out)
3) Never, ever, ever hire relatives.

NO business owner makes less than his/her employees.

You are absolutely full of bullshit. Few new enterprises have five years of operating capital, or access to it. Most are deep into debt even after mortgaging their homes and borrowing from friends and relatives. Most will operate in the red for the first couple of years.

Chewed and Spat Out by Those Who Bit Off More Than They Could Chew

So his employees have to pay for a get-rich-quick boss's impatience and overreaching? Why do you make it sound like we should be sympathetic towards such GreedHead zombies?

Without that "greed", there wouldn't be any jobs at all.

 

[OnePercenter]

Smart business owners:

1) Have sufficient capital. (access to at least five years operating capital)
2) know who to hire. (which can be farmed out)
3) Never, ever, ever hire relatives.

NO business owner makes less than his/her employees.

You are absolutely full of bullshit. Few new enterprises have five years of operating capital, or access to it. Most are deep into debt even after mortgaging their homes and borrowing from friends and relatives. Most will operate in the red for the first couple of years.

With the hundreds of billions of loan money available why would one mortgage their home?

Creating personal debt to open a business is just plain stupid.

With the hundreds of billions of loan money available why would one mortgage their home?

With the hundreds of billions of loan money available why wouldn't one mortgage their home?​

Because businesses are investments and investments are a legal form of gambling. Also, applying for a business loan allows an independent third party with no emotional ties to sign off on it. In other words, you're conducting a free feasibility study.

And when they tell you no or want to charge you 10%, then what?

A no means you shouldn't invest your own money. Sharpen your pencil and try again. Percentage rates can be negotiated.

 

[OnePercenter]

If "one guy" can do it, why can't all the guys do it? Does he have a magic potion, or does the industry lie about profits?

You desperately want the fast food industry to have massive profits, so desperately that you keep reciting as an article of faith that the entire industry is lying about its profitability (in the face of all the government's auditors and regulations surrounding reporting), all without any corroborating evidence. Basically, you are claiming that the entire finance industry is one massive conspiracy, despite the fact that it cannot long survive on inaccurate or false reporting.

The fact is, the fast food industry as a whole does does not run on high profit margins. Only those who produce a high quality product and thus can charge higher prices are able to generate higher profits. The ones that go for the lowest prices also do not have high profit margins.

he also ignores that most of these chains run on the Franchise model, and the Franchisee's operate on far smaller margins than the parent companies do.

But like a good little socialist, he ignores the people who deserve the profits for the risk they take, and instead want's the government to dictate how they make a living.

He also seems to think that a business owner opens a store and sits back, watching the money roll in. He apparently cannot conceive of the reality that a new business owner will often not even take a salary for a long time until he generates enough revenue to pay himself. During that time, the employees have to be paid regularly, and can end up making more than he does.

Smart business owners:

1) Have sufficient capital. (access to at least five years operating capital)
.

Pumpkin Seeds Cost a Penny Each. How Much Do Pumpkins Cost?

Revenue produces capital; that's why the initial investment is way overrated.

???

 

[Moonglow]

I told you that fast food makes big profit!

Chick-fil-A restaurant in CA will pay employees $17 an hour

One of the things I have noticed at Chick Fil A is that their employees seem local- and pretty happy.

Compare that to the walking dead employees of the major burger chains and it is night and day.

I worked for them in 1977, I liked them better when they had lemon pie and lemonade we made at the store...

 

[OnePercenter]

How much do you pay the people that make you all of your money? Seems there is a chick owner that knows.

I don't own a business myself, i work in Engineering, Construction to be exact, and know the basics of economics.

Again, HE HASN'T PROVEN ANYTHING YET!

He started paying $17.00/hr TODAY. The fire storm for livable wages for the middle class has started.

And as I said, that does ZERO to prove that it is a viable business model.

And if the best you can hope for is a $17 an hour fast food job, you are not middle class, and you will never be middle class.

A Chick franchise is over one million. Why would you think this guy doesn't have a viable business plan?

Your saying that $36k per year is NOT middle class?

Not in California it isn't.

It is a living wage

Living Wage Calculator - Living Wage Calculation for California

 

[Wyatt earp]

We will only know that if they stay in business.

and by paying $17 an hour they will attract harder workers, and will probably fire anyone who doesn't perform and replace with others who can.

Your standard $8.00 an hour get along get along fast food employee won't last here.

It's the publicity numb nuts! The story has gone world wide. This guy has has received millions in advertising by spending peanuts comparable. He's also let the proverbial cat out of the bag. Fast food CAN pay a living wage.

Sure, if you produce a superior product, charge higher prices, and demand better from your employees.

This Little Piggy Went to Market

If you can't, you have no right to be in business. But incompetents can make money by cheating their workers; that's why many are still in business despite the Free Market preachers pretending they can't make it.

How many highly successful businesses have you built and operate, charging the lowest prices and paying the highest wages? .

We Have Eminent Domain on the Economy; the Loud Ruling Class Must Be Shouted Down and Overruled

Henry Ford did it. We should allow only people like that to own businesses. Unfortunately, he later let his heir run the business; that is a recipe for disaster and we must forbid it.

We should allow only?


Move to Cuba comrade

 

[OnePercenter]

You desperately want the fast food industry to have massive profits, so desperately that you keep reciting as an article of faith that the entire industry is lying about its profitability (in the face of all the government's auditors and regulations surrounding reporting), all without any corroborating evidence. Basically, you are claiming that the entire finance industry is one massive conspiracy, despite the fact that it cannot long survive on inaccurate or false reporting.

The fact is, the fast food industry as a whole does does not run on high profit margins. Only those who produce a high quality product and thus can charge higher prices are able to generate higher profits. The ones that go for the lowest prices also do not have high profit margins.

he also ignores that most of these chains run on the Franchise model, and the Franchisee's operate on far smaller margins than the parent companies do.

But like a good little socialist, he ignores the people who deserve the profits for the risk they take, and instead want's the government to dictate how they make a living.

Franchisee's operate on far smaller margins than the parent companies do.

Bullshit!

But like a good little socialist, he ignores the people who deserve the profits for the risk they take, and instead want's the government to dictate how they make a living.

Sorry chuckles, I'm a capitalist racketeer.

You are saying that investors should get a bigger chunk than the people that do the work?

It's true. Try proving it's bullshit.

They should get whatever piece they can, because they are the ones taking the risk, not the employee.

The employee earned money is just that, earned and gone. It can't be taken back.

The owners investment can disappear. In most smaller businesses they also do a lot of the management and such, so yes, they deserve more.

Why would a franchisee pay one million plus to make less than the franchisor? That's stupid.

The risk of the business owner is predicated on the skill of said owner. When I start a business, it won't fail.

The franchise fee isn't the end of costs for the franchisee to the franchise owner.

And as for your last statement. LOLOLOLOL.

Captain Smith didn't plan on plowing into an iceberg, but it still happened.

I never stated it was.

I've owned, currently own, or have Angel Invested 30+ businesses. All exceeded financial goals and are currently open and running or were sold for profit.

Captain Smith. Smith failed the passengers and crew of Titanic. He failed to heed ice warnings, did not slow his ship when ice was reported directly in his path and allowed lifeboats to leave the sinking ship partially filled, unnecessarily adding at least 500 names to the list of the dead.

Edward Smith (sea captain) - Wikipedia

 

[OnePercenter]

And that employees can't have their earnings taken back if the company fails, but an owner can have their assets taken, even if properly protected via incorporating, (they usually have to use personal property as collateral to start the business in the first place)

True. That's why wealthy business owners are relatively rare. Most fail several times before they finally get everything lined up and running right.

Idiots seem to think it's easy. If it was, everyone would be doing it.

wealthy business owners are relatively rare

What color is the sky in your world?

Every business owner that I know is wealthy.

When your top position ever had is fry cook (assistant) everyone may appear wealthy.

When you have nothing intelligent to write, you go into attack mode. That's very ignorant of you.

No, when the person I am replying to turns out to be a cheap dime store hack, I go into ridicule mode.

I think that you believe corporate profits are more important than a living wage for American workers. That makes you a commie.

 

[OnePercenter]

More Putin propaganda? All of Corporate America has massive profits. Keeping worker poor propagates Putin's plan to annihilate western culture. That makes you a commie. Ironically, my use of "commie" is the very first time it's been used correctly on the USMB.

The financial industry? Are you sure you want to go there? Need I remind you of the Bush bailouts of 2008?

All of Corporate America has massive profits.

How massive, as a percentage of sales?

Corporate America's big, fat profitable year

Corporate America's big, fat profitable year

There ya go!

Yes, we are aware that Trump's policies have benefited American business. That was one year. You are attempting to take one good year and pretend that all businesses have great years every year. They do not.

The big upturn started in 2015 and 2016. Trump has little to do with it.

So you're acknowledging that your example is not typical of business performance in general. IOW, you cherry picked one good year and pretended that all years are like that.

Using "Trump's policies" is cherry picking.

The upturn started in 2015, roughly 8 years after the BushCo meltdown AND within the 8-10 years predicted by economists. Unfortunately, middle class hasn't fared so well with those believing that corporate profit is the only thing that matters.

 

[OnePercenter]

he also ignores that most of these chains run on the Franchise model, and the Franchisee's operate on far smaller margins than the parent companies do.

But like a good little socialist, he ignores the people who deserve the profits for the risk they take, and instead want's the government to dictate how they make a living.

He also seems to think that a business owner opens a store and sits back, watching the money roll in. He apparently cannot conceive of the reality that a new business owner will often not even take a salary for a long time until he generates enough revenue to pay himself. During that time, the employees have to be paid regularly, and can end up making more than he does.

Smart business owners:

1) Have sufficient capital. (access to at least five years operating capital)
2) know who to hire. (which can be farmed out)
3) Never, ever, ever hire relatives.

NO business owner makes less than his/her employees.

You are absolutely full of bullshit. Few new enterprises have five years of operating capital, or access to it. Most are deep into debt even after mortgaging their homes and borrowing from friends and relatives. Most will operate in the red for the first couple of years.

Chewed and Spat Out by Those Who Bit Off More Than They Could Chew

So his employees have to pay for a get-rich-quick boss's impatience and overreaching? Why do you make it sound like we should be sympathetic towards such GreedHead zombies?

Without that "greed", there wouldn't be any jobs at all.

But uncontrolled greed causes economic crashes.

 

[Toddsterpatriot]

You are absolutely full of bullshit. Few new enterprises have five years of operating capital, or access to it. Most are deep into debt even after mortgaging their homes and borrowing from friends and relatives. Most will operate in the red for the first couple of years.

With the hundreds of billions of loan money available why would one mortgage their home?

Creating personal debt to open a business is just plain stupid.

With the hundreds of billions of loan money available why would one mortgage their home?

With the hundreds of billions of loan money available why wouldn't one mortgage their home?​

Because businesses are investments and investments are a legal form of gambling. Also, applying for a business loan allows an independent third party with no emotional ties to sign off on it. In other words, you're conducting a free feasibility study.

And when they tell you no or want to charge you 10%, then what?

A no means you shouldn't invest your own money. Sharpen your pencil and try again. Percentage rates can be negotiated.

Because banks are never wrong.......Durr.

 

[OnePercenter]

With the hundreds of billions of loan money available why would one mortgage their home?

Creating personal debt to open a business is just plain stupid.

With the hundreds of billions of loan money available why would one mortgage their home?

With the hundreds of billions of loan money available why wouldn't one mortgage their home?​

Because businesses are investments and investments are a legal form of gambling. Also, applying for a business loan allows an independent third party with no emotional ties to sign off on it. In other words, you're conducting a free feasibility study.

And when they tell you no or want to charge you 10%, then what?

A no means you shouldn't invest your own money. Sharpen your pencil and try again. Percentage rates can be negotiated.

Because banks are never wrong.......Durr.

Banks are more "right" than you, besides, you shop loans, so if multiple say no, you shouldn't invest your own money.

 

[Wyatt earp]

True. That's why wealthy business owners are relatively rare. Most fail several times before they finally get everything lined up and running right.

Idiots seem to think it's easy. If it was, everyone would be doing it.

wealthy business owners are relatively rare

What color is the sky in your world?

Every business owner that I know is wealthy.

When your top position ever had is fry cook (assistant) everyone may appear wealthy.

When you have nothing intelligent to write, you go into attack mode. That's very ignorant of you.

No, when the person I am replying to turns out to be a cheap dime store hack, I go into ridicule mode.

I think that you believe corporate profits are more important than a living wage for American workers. That makes you a commie.

So now the pretend millionaire / businesses owner / child

Doesn't know the difference between capitalism and socialist/ communism?


What kind of flake are you?

 

[candycorn]

Its neither here nor there in the discussion. But on Linkedin, I saw a slide show about CFA mentioning their "secret"...smiling employees, clean restaurants, great food...
Anyway, the fifth slide caught my eye...take a look.

 

[martybegan]

I don't own a business myself, i work in Engineering, Construction to be exact, and know the basics of economics.

Again, HE HASN'T PROVEN ANYTHING YET!

He started paying $17.00/hr TODAY. The fire storm for livable wages for the middle class has started.

And as I said, that does ZERO to prove that it is a viable business model.

And if the best you can hope for is a $17 an hour fast food job, you are not middle class, and you will never be middle class.

A Chick franchise is over one million. Why would you think this guy doesn't have a viable business plan?

Your saying that $36k per year is NOT middle class?

Not in California it isn't.

It is a living wage

Living Wage Calculator - Living Wage Calculation for California

a living wage is a made up concept, like an assault weapon.

 

[Rambunctious]

a living wage is a made up concept, like an assault weapon.

and trans gender....and undocumented alien...and Dreamer...man I can go on and on look at all the nonsense we deal with from the PC left....changing our language...

 

[OnePercenter]

wealthy business owners are relatively rare

What color is the sky in your world?

Every business owner that I know is wealthy.

When your top position ever had is fry cook (assistant) everyone may appear wealthy.

When you have nothing intelligent to write, you go into attack mode. That's very ignorant of you.

No, when the person I am replying to turns out to be a cheap dime store hack, I go into ridicule mode.

I think that you believe corporate profits are more important than a living wage for American workers. That makes you a commie.

So now the pretend millionaire / businesses owner / child

Doesn't know the difference between capitalism and socialist/ communism?


What kind of flake are you?

You believe that not paying a living wage is good?