Biden to double minimum wage

[Canon Shooter]

After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.

Biden minimum wage proposal could lift more than 1 million workers out of poverty

Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.

www.cbsnews.com

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

What part of this can you not possibly get? This is a 6th grade problem. To pay an employee $8.50 (min wage), McDeath has to charge about $9.00 for a BigMac, L Fries & Shake. Now what happens if he pays his employees $15/hr? He'll have to cut several jobs and make the others work harder (making it harder to get and keep employees further raising his cost), or RAISE PRICES a lot.

Now that $9 meal costs maybe $15. But no one else's wages have gone up so people buy less. Those who buy the $15 meal, now THEIR cost of living has gone up, so now it is like they are making LESS. Then sales go down and the store has to either go out of business or cut staff further, reduce wages (whoops, can't do that), or INVEST IN AUTOMATION TO REPLACE PEOPLE and people lose jobs.

Either way, you can't FORCE the free market with government intervention otherwise, it is no longer free.

McDonalds has a net profit margin of over 25 %. This is way above average. So they are cashing in on the misery of their employees. Easy to understand.

A McDonald's Quarter Pounder with cheese has a menu cost of $3.79. They've got those now, though, as a part of their "2 for $4" promotion. They can do that because the actual cost of that burger to a franchisee is only around $1.05. If he sells two of them at the normal price he's making a profit of $5.48. By sellinig them at two for $4, he's making a profit of $1.90, while at the same time offering what the customer sees as a great deal.

None of those are a 25% profit margin. A medium soft drink at McDonald's has a profit margin of around 90%. An order of large fries? That's got a profit margin of around 85%.

Your posting history in this thread makes it pretty clear that you don't really know the first thing about what you're talking about. You'd likely fare far better if you educated yourself a bit...

 

[Canon Shooter]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

Ok I googled it and Amazon is not paying the minimum wage. How can they afford it? Best Buy has its own minimum wage of $15. So does Target. Why McDoanlds can´t afford it? All your points are null and void.

I never said McDonald's can't afford it.

I said they shouldn't be forced to.

Big difference...

 

[Bleipriester]

After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.

Biden minimum wage proposal could lift more than 1 million workers out of poverty

Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.

www.cbsnews.com

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

What part of this can you not possibly get? This is a 6th grade problem. To pay an employee $8.50 (min wage), McDeath has to charge about $9.00 for a BigMac, L Fries & Shake. Now what happens if he pays his employees $15/hr? He'll have to cut several jobs and make the others work harder (making it harder to get and keep employees further raising his cost), or RAISE PRICES a lot.

Now that $9 meal costs maybe $15. But no one else's wages have gone up so people buy less. Those who buy the $15 meal, now THEIR cost of living has gone up, so now it is like they are making LESS. Then sales go down and the store has to either go out of business or cut staff further, reduce wages (whoops, can't do that), or INVEST IN AUTOMATION TO REPLACE PEOPLE and people lose jobs.

Either way, you can't FORCE the free market with government intervention otherwise, it is no longer free.

McDonalds has a net profit margin of over 25 %. This is way above average. So they are cashing in on the misery of their employees. Easy to understand.

A McDonald's Quarter Pounder with cheese has a menu cost of $3.79. They've got those now, though, as a part of their "2 for $4" promotion. They can do that because the actual cost of that burger to a franchisee is only around $1.05. If he sells two of them at the normal price he's making a profit of $5.48. By sellinig them at two for $4, he's making a profit of $1.90, while at the same time offering what the customer sees as a great deal.

None of those are a 25% profit margin. A medium soft drink at McDonald's has a profit margin of around 90%. An order of large fries? That's got a profit margin of around 85%.

Your posting history in this thread makes it pretty clear that you don't really know the first thing about what you're talking about. You'd likely fare far better if you educated yourself a bit...

I didn´t guess the 25 %. I looked it up.

 

[Bleipriester]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

Ok I googled it and Amazon is not paying the minimum wage. How can they afford it? Best Buy has its own minimum wage of $15. So does Target. Why McDoanlds can´t afford it? All your points are null and void.

I never said McDonald's can't afford it.

I said they shouldn't be forced to.

Big difference...

Times of slavery are over, I thought.

 

[Canon Shooter]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

Go work for 7.25, then.

You know, you're not even making an argument. You're just belching up nonsensical bullshit.

You tell me to go to work for $7.25 an hour. Why would I do that? I'm an adult, with a lifetime of experience and training, and a skill set which people value. I don't have to work for $7.25 an hour. It'll probably make you apoplectic to learn, but my hourly rate is $235 an hour, and I'm probably on the lower end of the price spectrum in my area for what I do.

But, like I said, I used to work for minimum wage when it was $2.65 an hour. At 40 hours a week, that wasn't even $425 a month gross.

Minimum wage jobs are not the jobs that 58 year old people, with a lifetime of experience and training, and a skill set which people value, have. Minimum wage jobs are for kids who still live with Mom and Dad; I was 16 when I had mine. If you think you should be able to support a family of four on minimum wage, you're ignorant. If you think you'll be able to support a family of four on $15 an hour, you are profoundly naive.

I have a friend with a landscaping business here in northeastern Florida. He starts his people (everyone of which is in the country legally, by the way) at $18 an hour. After the first 90 days, they get bumped to $19 an hour. After the first year, if they've proven to be a good employee, they go to $21 an hour. Some people have been with him, raking leaves and mowing lawns, for over a decade. Why? Because they're all too aware that he could be paying someone $8 an hour to do that work, so they bust their asses to make sure he never has a reason to question whether or not he should keep them employed. But, because he pays them well, they would follow hm to the gates of Hell and back if they had to. They do it because they know that, as employees, they carry a high value to the owner.

If I have two employees to whom I pay $10 an hour, and I let them know that in a month I'm going to pick one of them to pay $15 a month, the productivity of each will improve. After all, who doesn't want to get paid 50% more?

But if the government says that, in 30 days I'm going to have to pay both of them 50% more, neither has any reason to improve his productivity. Additionally, the odds of both of them remaining employed decreases, because in a month those two employees are going to cost me what three employees would've cost me before the mandated minimum wage increase, and I, as the business owner, would realize absolutely zero benefit.

It's ignorant and naive to believe that doubling the minimum wage is going to solve the economic ills of minimum wage employees.

It will do nothing of the sort...

Young people on minimum wage become old people on minimum wage. Such jobs don´t include oppertunities.

No, lazy young people on minimum wage become old people on minimum wage.

I had a minimum wage job back in the 1970's.

I cleared $700K last year.

Using your logic, because I once had a minimum wage job, I shouldn't have been able to make that much money...

 

[Canon Shooter]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

Ok I googled it and Amazon is not paying the minimum wage. How can they afford it? Best Buy has its own minimum wage of $15. So does Target. Why McDoanlds can´t afford it? All your points are null and void.

I never said McDonald's can't afford it.

I said they shouldn't be forced to.

Big difference...

Times of slavery are over, I thought.

Oh, please don't turn into a drama queen.

Minimum wage isn't slavery; far from it.

If that's the position you believe you need to take, I'll just sever this conversation here, because you're insisting on being stupid...

 

[Bleipriester]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

Go work for 7.25, then.

You know, you're not even making an argument. You're just belching up nonsensical bullshit.

You tell me to go to work for $7.25 an hour. Why would I do that? I'm an adult, with a lifetime of experience and training, and a skill set which people value. I don't have to work for $7.25 an hour. It'll probably make you apoplectic to learn, but my hourly rate is $235 an hour, and I'm probably on the lower end of the price spectrum in my area for what I do.

But, like I said, I used to work for minimum wage when it was $2.65 an hour. At 40 hours a week, that wasn't even $425 a month gross.

Minimum wage jobs are not the jobs that 58 year old people, with a lifetime of experience and training, and a skill set which people value, have. Minimum wage jobs are for kids who still live with Mom and Dad; I was 16 when I had mine. If you think you should be able to support a family of four on minimum wage, you're ignorant. If you think you'll be able to support a family of four on $15 an hour, you are profoundly naive.

I have a friend with a landscaping business here in northeastern Florida. He starts his people (everyone of which is in the country legally, by the way) at $18 an hour. After the first 90 days, they get bumped to $19 an hour. After the first year, if they've proven to be a good employee, they go to $21 an hour. Some people have been with him, raking leaves and mowing lawns, for over a decade. Why? Because they're all too aware that he could be paying someone $8 an hour to do that work, so they bust their asses to make sure he never has a reason to question whether or not he should keep them employed. But, because he pays them well, they would follow hm to the gates of Hell and back if they had to. They do it because they know that, as employees, they carry a high value to the owner.

If I have two employees to whom I pay $10 an hour, and I let them know that in a month I'm going to pick one of them to pay $15 a month, the productivity of each will improve. After all, who doesn't want to get paid 50% more?

But if the government says that, in 30 days I'm going to have to pay both of them 50% more, neither has any reason to improve his productivity. Additionally, the odds of both of them remaining employed decreases, because in a month those two employees are going to cost me what three employees would've cost me before the mandated minimum wage increase, and I, as the business owner, would realize absolutely zero benefit.

It's ignorant and naive to believe that doubling the minimum wage is going to solve the economic ills of minimum wage employees.

It will do nothing of the sort...

Young people on minimum wage become old people on minimum wage. Such jobs don´t include oppertunities.

No, lazy young people on minimum wage become old people on minimum wage.

I had a minimum wage job back in the 1970's.

I cleared $700K last year.

Using your logic, because I once had a minimum wage job, I shouldn't have been able to make that much money...

I don´t believe you.

 

[Bleipriester]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

Ok I googled it and Amazon is not paying the minimum wage. How can they afford it? Best Buy has its own minimum wage of $15. So does Target. Why McDoanlds can´t afford it? All your points are null and void.

I never said McDonald's can't afford it.

I said they shouldn't be forced to.

Big difference...

Times of slavery are over, I thought.

Oh, please don't turn into a drama queen.

Minimum wage isn't slavery; far from it.

If that's the position you believe you need to take, I'll just sever this conversation here, because you're insisting on being stupid...

The difference is that you get money you have to spend on rent and food entirely.

 

[Canon Shooter]

After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.

Biden minimum wage proposal could lift more than 1 million workers out of poverty

Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.

www.cbsnews.com

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

What part of this can you not possibly get? This is a 6th grade problem. To pay an employee $8.50 (min wage), McDeath has to charge about $9.00 for a BigMac, L Fries & Shake. Now what happens if he pays his employees $15/hr? He'll have to cut several jobs and make the others work harder (making it harder to get and keep employees further raising his cost), or RAISE PRICES a lot.

Now that $9 meal costs maybe $15. But no one else's wages have gone up so people buy less. Those who buy the $15 meal, now THEIR cost of living has gone up, so now it is like they are making LESS. Then sales go down and the store has to either go out of business or cut staff further, reduce wages (whoops, can't do that), or INVEST IN AUTOMATION TO REPLACE PEOPLE and people lose jobs.

Either way, you can't FORCE the free market with government intervention otherwise, it is no longer free.

McDonalds has a net profit margin of over 25 %. This is way above average. So they are cashing in on the misery of their employees. Easy to understand.

A McDonald's Quarter Pounder with cheese has a menu cost of $3.79. They've got those now, though, as a part of their "2 for $4" promotion. They can do that because the actual cost of that burger to a franchisee is only around $1.05. If he sells two of them at the normal price he's making a profit of $5.48. By sellinig them at two for $4, he's making a profit of $1.90, while at the same time offering what the customer sees as a great deal.

None of those are a 25% profit margin. A medium soft drink at McDonald's has a profit margin of around 90%. An order of large fries? That's got a profit margin of around 85%.

Your posting history in this thread makes it pretty clear that you don't really know the first thing about what you're talking about. You'd likely fare far better if you educated yourself a bit...

I didn´t guess the 25 %. I looked it up.

I don't believe that.

See, the difference between you and I is that I actually know what I'm talking about. I have actual experience in many different facts of life which provide me the information I need.

A McDonald's franchisee doesn't pay 75¢ for a soft drink that he charges someone $1 for.

But that's exactly your argument...

 

[Canon Shooter]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

Go work for 7.25, then.

You know, you're not even making an argument. You're just belching up nonsensical bullshit.

You tell me to go to work for $7.25 an hour. Why would I do that? I'm an adult, with a lifetime of experience and training, and a skill set which people value. I don't have to work for $7.25 an hour. It'll probably make you apoplectic to learn, but my hourly rate is $235 an hour, and I'm probably on the lower end of the price spectrum in my area for what I do.

But, like I said, I used to work for minimum wage when it was $2.65 an hour. At 40 hours a week, that wasn't even $425 a month gross.

Minimum wage jobs are not the jobs that 58 year old people, with a lifetime of experience and training, and a skill set which people value, have. Minimum wage jobs are for kids who still live with Mom and Dad; I was 16 when I had mine. If you think you should be able to support a family of four on minimum wage, you're ignorant. If you think you'll be able to support a family of four on $15 an hour, you are profoundly naive.

I have a friend with a landscaping business here in northeastern Florida. He starts his people (everyone of which is in the country legally, by the way) at $18 an hour. After the first 90 days, they get bumped to $19 an hour. After the first year, if they've proven to be a good employee, they go to $21 an hour. Some people have been with him, raking leaves and mowing lawns, for over a decade. Why? Because they're all too aware that he could be paying someone $8 an hour to do that work, so they bust their asses to make sure he never has a reason to question whether or not he should keep them employed. But, because he pays them well, they would follow hm to the gates of Hell and back if they had to. They do it because they know that, as employees, they carry a high value to the owner.

If I have two employees to whom I pay $10 an hour, and I let them know that in a month I'm going to pick one of them to pay $15 a month, the productivity of each will improve. After all, who doesn't want to get paid 50% more?

But if the government says that, in 30 days I'm going to have to pay both of them 50% more, neither has any reason to improve his productivity. Additionally, the odds of both of them remaining employed decreases, because in a month those two employees are going to cost me what three employees would've cost me before the mandated minimum wage increase, and I, as the business owner, would realize absolutely zero benefit.

It's ignorant and naive to believe that doubling the minimum wage is going to solve the economic ills of minimum wage employees.

It will do nothing of the sort...

Young people on minimum wage become old people on minimum wage. Such jobs don´t include oppertunities.

No, lazy young people on minimum wage become old people on minimum wage.

I had a minimum wage job back in the 1970's.

I cleared $700K last year.

Using your logic, because I once had a minimum wage job, I shouldn't have been able to make that much money...

I don´t believe you.

I honestly don't care.

You're just some kid living in Mommy's basement who thinks he has a value of $15 an hour just because he opens his eyes in the morning.

I swear to God, I would love to hire you. I'll even hire you at $15 an hour. I'll do it just so I can fire you...

 

[Canon Shooter]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

Ok I googled it and Amazon is not paying the minimum wage. How can they afford it? Best Buy has its own minimum wage of $15. So does Target. Why McDoanlds can´t afford it? All your points are null and void.

I never said McDonald's can't afford it.

I said they shouldn't be forced to.

Big difference...

Times of slavery are over, I thought.

Oh, please don't turn into a drama queen.

Minimum wage isn't slavery; far from it.

If that's the position you believe you need to take, I'll just sever this conversation here, because you're insisting on being stupid...

The difference is that you get money you have to spend on rent and food entirely.

Huh?

I don't even know what the fuck that's supposed to mean...

 

[toobfreak]

McDonalds has a net profit margin of over 25 %. This is way above average. So they are cashing in on the misery of their employees. Easy to understand.

Have you ever owned or run a business? I have. Your stupidity is simplistic. Is that 25% factored BEFORE or AFTER their overhead of building and maintaining stores, developing new products and everything else is taken out? Do you think sales have gone down with Covid? Having the bumper of cash to cushion you might be what keeps McDonalds operating while others fail. McDonald's might be able to give employees a little raise, but DOUBLING wages is MADNESS. Labor costs is always one of the biggest expenses any employer faces and now you want to DOUBLE the cost overnight and think it's all going to come out of some non-existent deep pocket without cutting staffing or raising prices.

BOTTOM LINE: You think like a socialist. Socialists always believe success is a crime, that the rich have done something wrong by succeeding and are undeserving of it so need to keep giving and giving until they are poor and can no longer hire anyone.

 

[toobfreak]

Does that impact demand for McDonalds?

Who pays six bucks for a burger will also pay seven.

Unless paying $6 bucks is already busting your budget. People don't eat at McDonalds because they live the life of Riley--- --- it wasn't all that long ago I used to go to a restaurant and get a complete three course dinner complete with coffee and desert for $8.99.

In that case I don´t buy that burger, anyway.

So whatcha gonna do when that burger costs $15???

 

[toobfreak]

Young people on minimum wage become old people on minimum wage. Such jobs don´t include oppertunities.

No, lazy young people on minimum wage become old people on minimum wage. I cleared $700K last year.

Pretty amazing feat for someone who said last year there was no camera work because of the Covid shutdown, so had to work as a bouncer in a bar working for a friend in a seedy neighborhood. What do you pull down in a GOOD year---- --- 3-4 million dollars?

Dude, you have more phony stories than you do cameras!

 

[Markle]

Why do you think doubling the minimum wage would be a good thing?

I already explained it. It will make them buy more stuff, thus boosting the economy.

But it won't.

Right now, you get paid $7.50 an hour. You can buy a gallon of milk for, let's say, $3.49.

Well, when the government mandates that minimum wage goes up to $15, the retailer has to raise his price for that gallon milk. Why? Well, for starters, because they kid who used to stock the shelves at $7.50 and hour is now making double that. The retailer isn't going to simply absorb that extra $7.50, he's going to pass that on to you, the consumer, and there's not a single reason in the world why he shouldn't.

Furthermore, though, the retailer is also now paying more for that gallon of milk. If he buys a gallon of milk from a dairy, the guy running the milking machine is now making $15 an hour when he used to be making only $9 an hour. The dairy owner isn't going to absorb that extra $6 an hour, he's going to pass that on to his customers (ie: the retailer). The company that makes the bottles the milk goes into, likewise has to raise their prices, as does the companies which ship and deliver the milk, all because everyone is going to do everything they can think of to mitigate the negative impact of the higher operating costs on their bottom line.

I haven't had a minimum wage job since the Carter administration. Back then, minimum wage was $2.65 an hour. Man, I'd have thought doubling it to $5.30 an hour would've been great! Why? Because back then, when I was 16 years old, all I cared about was how much cash I had in my wallet, and not so much about what that cash could buy.

And of course, it is better for them. Once you are on 7.25, you will agree with me.

What people need to lose is the unfounded expectation that a person should be able to support a family of four on a minimum wage job. That's stupid. If you're married with kids, and you have a minimum wage job, you seriously fucked something up along the way...

As you know, this is far beyond the willing comprehension of the Democrats. They put their fingers in their ears and start shouting LA, LA, LA, LA, LA, as loud as they can, blocking out all common sense.

Your typical Democrat.

Don´t post fucking boys at me.

Okay,

 

[Bleipriester]

After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.

Biden minimum wage proposal could lift more than 1 million workers out of poverty

Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.

www.cbsnews.com

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

What part of this can you not possibly get? This is a 6th grade problem. To pay an employee $8.50 (min wage), McDeath has to charge about $9.00 for a BigMac, L Fries & Shake. Now what happens if he pays his employees $15/hr? He'll have to cut several jobs and make the others work harder (making it harder to get and keep employees further raising his cost), or RAISE PRICES a lot.

Now that $9 meal costs maybe $15. But no one else's wages have gone up so people buy less. Those who buy the $15 meal, now THEIR cost of living has gone up, so now it is like they are making LESS. Then sales go down and the store has to either go out of business or cut staff further, reduce wages (whoops, can't do that), or INVEST IN AUTOMATION TO REPLACE PEOPLE and people lose jobs.

Either way, you can't FORCE the free market with government intervention otherwise, it is no longer free.

McDonalds has a net profit margin of over 25 %. This is way above average. So they are cashing in on the misery of their employees. Easy to understand.

A McDonald's Quarter Pounder with cheese has a menu cost of $3.79. They've got those now, though, as a part of their "2 for $4" promotion. They can do that because the actual cost of that burger to a franchisee is only around $1.05. If he sells two of them at the normal price he's making a profit of $5.48. By sellinig them at two for $4, he's making a profit of $1.90, while at the same time offering what the customer sees as a great deal.

None of those are a 25% profit margin. A medium soft drink at McDonald's has a profit margin of around 90%. An order of large fries? That's got a profit margin of around 85%.

Your posting history in this thread makes it pretty clear that you don't really know the first thing about what you're talking about. You'd likely fare far better if you educated yourself a bit...

I didn´t guess the 25 %. I looked it up.

I don't believe that.

See, the difference between you and I is that I actually know what I'm talking about. I have actual experience in many different facts of life which provide me the information I need.

A McDonald's franchisee doesn't pay 75¢ for a soft drink that he charges someone $1 for.

But that's exactly your argument...

It pays for more than the drink itself.

 

[BlueGin]

After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.

Biden minimum wage proposal could lift more than 1 million workers out of poverty

Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.

www.cbsnews.com

The end of tipping.

Greg

Yep. Which means they will be making less money.

 

[Bleipriester]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

Go work for 7.25, then.

You know, you're not even making an argument. You're just belching up nonsensical bullshit.

You tell me to go to work for $7.25 an hour. Why would I do that? I'm an adult, with a lifetime of experience and training, and a skill set which people value. I don't have to work for $7.25 an hour. It'll probably make you apoplectic to learn, but my hourly rate is $235 an hour, and I'm probably on the lower end of the price spectrum in my area for what I do.

But, like I said, I used to work for minimum wage when it was $2.65 an hour. At 40 hours a week, that wasn't even $425 a month gross.

Minimum wage jobs are not the jobs that 58 year old people, with a lifetime of experience and training, and a skill set which people value, have. Minimum wage jobs are for kids who still live with Mom and Dad; I was 16 when I had mine. If you think you should be able to support a family of four on minimum wage, you're ignorant. If you think you'll be able to support a family of four on $15 an hour, you are profoundly naive.

I have a friend with a landscaping business here in northeastern Florida. He starts his people (everyone of which is in the country legally, by the way) at $18 an hour. After the first 90 days, they get bumped to $19 an hour. After the first year, if they've proven to be a good employee, they go to $21 an hour. Some people have been with him, raking leaves and mowing lawns, for over a decade. Why? Because they're all too aware that he could be paying someone $8 an hour to do that work, so they bust their asses to make sure he never has a reason to question whether or not he should keep them employed. But, because he pays them well, they would follow hm to the gates of Hell and back if they had to. They do it because they know that, as employees, they carry a high value to the owner.

If I have two employees to whom I pay $10 an hour, and I let them know that in a month I'm going to pick one of them to pay $15 a month, the productivity of each will improve. After all, who doesn't want to get paid 50% more?

But if the government says that, in 30 days I'm going to have to pay both of them 50% more, neither has any reason to improve his productivity. Additionally, the odds of both of them remaining employed decreases, because in a month those two employees are going to cost me what three employees would've cost me before the mandated minimum wage increase, and I, as the business owner, would realize absolutely zero benefit.

It's ignorant and naive to believe that doubling the minimum wage is going to solve the economic ills of minimum wage employees.

It will do nothing of the sort...

Young people on minimum wage become old people on minimum wage. Such jobs don´t include oppertunities.

No, lazy young people on minimum wage become old people on minimum wage.

I had a minimum wage job back in the 1970's.

I cleared $700K last year.

Using your logic, because I once had a minimum wage job, I shouldn't have been able to make that much money...

I don´t believe you.

I honestly don't care.

You're just some kid living in Mommy's basement who thinks he has a value of $15 an hour just because he opens his eyes in the morning.

I swear to God, I would love to hire you. I'll even hire you at $15 an hour. I'll do it just so I can fire you...

You are probably just a fat fuck that makes McDonalds rich.

 

[Bleipriester]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

Ok I googled it and Amazon is not paying the minimum wage. How can they afford it? Best Buy has its own minimum wage of $15. So does Target. Why McDoanlds can´t afford it? All your points are null and void.

I never said McDonald's can't afford it.

I said they shouldn't be forced to.

Big difference...

Times of slavery are over, I thought.

Oh, please don't turn into a drama queen.

Minimum wage isn't slavery; far from it.

If that's the position you believe you need to take, I'll just sever this conversation here, because you're insisting on being stupid...

The difference is that you get money you have to spend on rent and food entirely.

Huh?

I don't even know what the fuck that's supposed to mean...

Learn English then.

 

[Bleipriester]

McDonalds has a net profit margin of over 25 %. This is way above average. So they are cashing in on the misery of their employees. Easy to understand.

Have you ever owned or run a business? I have. Your stupidity is simplistic. Is that 25% factored BEFORE or AFTER their overhead of building and maintaining stores, developing new products and everything else is taken out? Do you think sales have gone down with Covid? Having the bumper of cash to cushion you might be what keeps McDonalds operating while others fail. McDonald's might be able to give employees a little raise, but DOUBLING wages is MADNESS. Labor costs is always one of the biggest expenses any employer faces and now you want to DOUBLE the cost overnight and think it's all going to come out of some non-existent deep pocket without cutting staffing or raising prices.

BOTTOM LINE: You think like a socialist. Socialists always believe success is a crime, that the rich have done something wrong by succeeding and are undeserving of it so need to keep giving and giving until they are poor and can no longer hire anyone.

Blitzbulb, its the net profit margin.