People making $15 an hour today won't make $30 tomorrow they will lose purchasing power. Instead of making twice the minimum wage they will make a few dollars more, and that's just socialism when 40% of the workers make around minimum wageThe increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
The increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
100% of Walmart stores are corporate owned
80% of mcdonald's is mom and pop stores/small business/ low profit margins
So you're wrong
I’m not sure what you are saying. First of all, McDonalds fast food restaurants are tightly franchised by the corporation, and their shift leaders and managers & franchise “owners” will — one way or another — be provided more income if this giant corporation wants to stay in business. Since all the labor cost increase generally cannot be past on in higher prices, corporate profits might suffer — this I grant you. If prices do go up it might paradoxically help some tiny family restaurants compete. In general McDonalds and Walmart are precisely the kind of giant super-profitable corporations that should be targeted.People making $15 an hour today won't make $30 tomorrow they will lose purchasing power. Instead of making twice the minimum wage they will make a few dollars more, and that's just socialism when 40% of the workers make around minimum wageThe increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
Employees and franchise owners are the ones who will suffer. Many will go out of business, and many employees will be laid off. The size of the McDonald's business is not a given.The increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
100% of Walmart stores are corporate owned
80% of mcdonald's is mom and pop stores/small business/ low profit margins
So you're wrongI’m not sure what you are saying. First of all, McDonalds fast food restaurants are tightly franchised by the corporation, and their shift leaders and managers & franchise “owners” will — one way or another — be provided more income if this giant corporation wants to stay in business. Since all the labor cost increase generally cannot be past on in higher prices, corporate profits might suffer — this I grant you. If prices do go up it might paradoxically help some tiny family restaurants compete. In general McDonalds and Walmart are precisely the kind of giant super-profitable corporations that should be targeted.People making $15 an hour today won't make $30 tomorrow they will lose purchasing power. Instead of making twice the minimum wage they will make a few dollars more, and that's just socialism when 40% of the workers make around minimum wageThe increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
As for your second comment, truly skilled workers, technicians and semi-professionals will always make more than unskilled workers precisely because their skills make their labor more valuable — raising minimum wages to $15 will not bring U.S. society anywhere near a situation like “socialism when 40% of the workers make around minimum wage.”
Indeed, in recent decades private stock ownership — our modern form of “capitalism” —continues to be one of the main contributors to inequality and working-class immiseration. Stock values are artificially inflated by Fed backstopping of the economy, growing above their historical 10% a year average. Capitalism is safe. Many non-workers indirectly share in its bounty. The paultry savings of lower-paid workers meanwhile pay practically nothing. Nobody worries about stock market gains being too high or “undeserved.”
They have learned how to automate many of their jobs.p.s.
By the way, back in March of 2019, McDonalds corporation officially announced they were changing their long-standing opposition to increasing the federal minimum wage. The struggle of course is a concrete one where the devil is in the details. Corporations like McDonalds always seek ways to improve profits, either via automation, international expansion, creating vertical supply monopolies, squeezing franchise owners and workers, or by destroying competitors like small restaurants.
McDonald's now OK with raising the minimum wage
Once again your opinions don't align with facts, 40% of americans make $15 or less , 2% make $7.25Once again your opinions don't align with factsThe increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
100% of Walmart stores are corporate owned
80% of mcdonald's is mom and pop stores/small business/ low profit margins
So you're wrongI’m not sure what you are saying. First of all, McDonalds fast food restaurants are tightly franchised by the corporation, and their shift leaders and managers & franchise “owners” will — one way or another — be provided more income if this giant corporation wants to stay in business. Since all the labor cost increase generally cannot be past on in higher prices, corporate profits might suffer — this I grant you. If prices do go up it might paradoxically help some tiny family restaurants compete. In general McDonalds and Walmart are precisely the kind of giant super-profitable corporations that should be targeted.People making $15 an hour today won't make $30 tomorrow they will lose purchasing power. Instead of making twice the minimum wage they will make a few dollars more, and that's just socialism when 40% of the workers make around minimum wageThe increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
As for your second comment, truly skilled workers, technicians and semi-professionals will always make more than unskilled workers precisely because their skills make their labor more valuable — raising minimum wages to $15 will not bring U.S. society anywhere near a situation like “socialism when 40% of the workers make around minimum wage.”
Indeed, in recent decades private stock ownership — our modern form of “capitalism” —continues to be one of the main contributors to inequality and working-class immiseration. Stock values (not counting dividends) are artificially inflated by Fed backstopping of the economy, growing faster than their historical average, which itself allowed for more than doubling every ten years. Capitalism is safe. Many non-workers indirectly share in its bounty. The paultry savings of lower-paid workers meanwhile pay practically nothing. Nobody worries about stock market gains being too high or “undeserved.”
On purpose, by the way. Don't ever forget the goal of the Democrat party is to make people poor and keep them that way.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
You guys claim that black people don't work and that is why they are poor.On purpose, by the way. Don't ever forget the goal of the Democrat party is to make people poor and keep them that way.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
p.s.
By the way, back in March of 2019, McDonalds corporation officially announced they were changing their long-standing opposition to increasing the federal minimum wage. The struggle of course is a concrete one where the devil is in the details. Corporations like McDonalds always seek ways to improve profits, either via automation, international expansion, creating vertical supply monopolies, squeezing franchise owners and workers, or by destroying competitors like small restaurants.
McDonald's now OK with raising the minimum wage
Take your racist hate somewhere else. This thread is about your fellow DemoKKKrats stealing from us.You guys claim that black people don't work and that is why they are poor.On purpose, by the way. Don't ever forget the goal of the Democrat party is to make people poor and keep them that way.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
Black folks are poor because the white man put in place minimum wage lawsYou guys claim that black people don't work and that is why they are poor.On purpose, by the way. Don't ever forget the goal of the Democrat party is to make people poor and keep them that way.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
Why yes, it also suppresses all minorities by not allowing them to earn less than.Black folks are poor because the white man put in place minimum wage lawsYou guys claim that black people don't work and that is why they are poor.On purpose, by the way. Don't ever forget the goal of the Democrat party is to make people poor and keep them that way.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
In fact your interesting comment seems to show that there is much need for a horizontal struggle of franchise owners against vertically organized corporate giants. Your concern for franchise owners is recognized, but perhaps should also be extended to the many more shift managers, lead workers, and regular workers. Perhaps a steady increase in minimum wage rates might create grounds for an alliance of workers, managers and franchise owners? Or perhaps just a justified rebellion of franchise owners against corporate bosses and profits? Admittedly, I am not well enough apprised of the situation here, and of differences in each corporate arrangement.How Thin Can it Get?p.s.
By the way, back in March of 2019, McDonalds corporation officially announced they were changing their long-standing opposition to increasing the federal minimum wage. The struggle of course is a concrete one where the devil is in the details. Corporations like McDonalds always seek ways to improve profits, either via automation, international expansion, creating vertical supply monopolies, squeezing franchise owners and workers, or by destroying competitors like small restaurants.
McDonald's now OK with raising the minimum wage
Average net profit margins in fast-food franchises vary greatly from one chain to another. McDonald's leads with a net profit margin in 2012 of 19.8 percent, increasing to 22.8 percent in 2017. DineEquity (Applebee's and IHOP) followed close behind with a 15-percent net margin. A few other franchise brands have also done reasonably well including some, such as Starbucks and Dunkin' Brands, that are usually grouped in the fast-food category, but that have slightly different business models. Many other fast-food franchises have had mediocre results, such as Burger King, with a net profit margin of 6 percent, more than two percentage points lower than the average of all companies in the Standard & Poor’s 500 index. And several more are skating on thin ice, including Wendy's (0.3 percent), Ruby Tuesdays and Boston Market, both of the latter with net losses.
Average Net Incomes in Absolute Terms
Franchisers and many franchisees alike are cagey about declaring their net incomes. But a 2013 report from Franchise Business Review dug down into the numbers and came up with a net profit of $66,000 per franchise. McDonald's did much better with an average of around $150,000 per restaurant. But when you consider that a McDonald's franchise costs more than $1 million and can easily run more than $2 million, even McDonald's doesn't generate excellent average returns on investment. The fast-food franchise business is tough, and success doesn't come easy.
The Average Income for Fast Food Franchise Owners
The Average Income for Fast Food Franchise Owners. Owning a fast food franchise can take a significant investment, and many owners work 60 or 70 hours per week when starting out. Some even go on to purchase additional franchises, once they have their restaurants operating efficiently with...work.chron.com
That's not what we say. However, their problems are self-inflicted. It's not the result of white supremacy.You guys claim that black people don't work and that is why they are poor.On purpose, by the way. Don't ever forget the goal of the Democrat party is to make people poor and keep them that way.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
When the alternative is unemployment, yes it does suppress them.Why yes, it also suppresses all minorities by not allowing them to earn less than.Black folks are poor because the white man put in place minimum wage lawsYou guys claim that black people don't work and that is why they are poor.On purpose, by the way. Don't ever forget the goal of the Democrat party is to make people poor and keep them that way.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
LMAO! Minimum job losses to automation? By 2025 what do you think there will be more of, more $15 an hour no skill jobs or more automation? I know where I’m putting my money.The increase proposed is reasonable. It is to be phased in, so it will not reach $15 until 2025, after Covid is gone. It will help a huge section of low paid workers and their families. Workers living partly on tips now have a $2.13 minimum wage and this will also be increased gradually. The big cheap-labor-employing companies like Walmart and McDonalds can easily afford this, but they will not necessarily find it easy to raise prices. Many other companies will also gradually raise wages just to keep their employees (who are now paid at or above a $15 minimum) and to maintain an appropriate “ladder” of wages. There will be some negative features for small businesses and some minimum job losses, as from automation — which is increasing in any case. Everything I’ve studied tells me this sort of increase is overall worthwhile and overdue, though of course not a panacea.
Finally, this is now a popular idea ... even in red states. Working-class populism is likely to help carry this through Congress, or at least make something like it possible. Other more direct government economic assistance to poor and working people is also now called for.
So "do what I say, not what I do."I had to work also during college, high school and junior high because my family was poor. Yet, teens are more likely to be in high school down to jr high or middle school, not college. They need to focus on school the most more than working. I made sure my kids never had to stop their school work due to conditions at home.I had to work 60 hours a week to put myself through college. I didn't have the luxury of not working like you silver spooners.Teens need to do their most important job and that is getting an education, after school is over they will have forty-fifty years to enjoy the pleasure of working for a living.Right, and we endured 30% teenage unemployment. It was even worse for black teenagers. That's who you are screwing.SOS indeed, it's the same old shit from the right on min. wage increases yet we have lived through seventy years of them.
