CEO of Carl's Jr/Hardees says demands for higher min wage is hurting workers

[thereisnospoon]

This is the law of unintended consequences taking effect....
As cities unwittingly cave into the political me too trend of raising wages in direct violation of the market forces for the sole purpose of solidifying a voting base, retailers and restaurants are as predicted, figuring out ways to reduce their exposure to the artificially high wages...
What the CEO of Carl's Jr. and Hardee's Just Revealed Is Going to Ruin Min Wage Protesters' Day

 

[IsaacNewton]

I notice when the price of gasoline goes up, people drive less. And when the price of meat goes up, they eat less meat.

All costs are part of the economic system and they all go up. For some reason the conservative economic model thinks they should all go up except the wages of working people.

As with all commodities, the price will cause a temporary adjustment in the marketplace, and then it will adjust, and then the system will go back to normal.

Wage is just another word for metal, or corn, or gasoline. When ANY of them go up it causes a temporary reduction in purchase of that product. Labor is one of them. Then it resumes equilibrium.

But for some reason, conservatives believe all those things naturally increase in price over time except how much human beings get paid for their effort.

Hmm, now who would this benefit?

 

[DigitalDrifter]

In fact Carl's Jr is moving the headquarters out of California because of how expensive it is to run a business there.

 

[DigitalDrifter]

California’s Carl’s Jr. Says So Long, Golden State

States: To hear Hillary Clinton and Bernie Sanders, you’d think that taxes can go up to 60% or even 80%, and businesses and investors will just … pay up. But the growing number of businesses stampeding out of high tax areas suggest that they’re very wrong.

We got more evidence of that this week when CKE Restaurants, the corporate parent of Hardee’s and Carl’s Jr. restaurants, announced that they are relocating to Nashville, Tennessee.

Hardee’s will move its headquarters from St. Louis, Missouri, to Nashville, Tennessee, one of America’s fastest growing states.

Oh, and did we mention that the state has no personal income tax?

Meanwhile, the Carl’s Jr. move puts more egg on the face of California and the political class in Sacramento. Hamburger fast food chain Carl’s Jr. was founded in California and for years has been headquartered in Carpinteria, California. The highest income tax rate in California is 13%, so moving to Tennessee, where the tax rate is zero, will save the company millions of dollars on taxes a year.

California’s Carl’s Jr. Says So Long, Golden State

 

[IsaacNewton]

In fact Carl's Jr is moving the headquarters out of California because of how expensive it is to run a business there.

But they're keeping their restaurants here to make the big money. California's economy is twice as big as the next largest state.

California doesn't notice when someone leaves.

 

[Wyatt earp]

In fact Carl's Jr is moving the headquarters out of California because of how expensive it is to run a business there.

But they're keeping their restaurants here to make the big money. California's economy is twice as big as the next largest state.

California doesn't notice when someone leaves.

Keep lying to yourself maybe you will believe it.


States Crack Down on Top Earners Who Flee as Levies Rise: Taxes

 

[thereisnospoon]

In fact Carl's Jr is moving the headquarters out of California because of how expensive it is to run a business there.

But they're keeping their restaurants here to make the big money. California's economy is twice as big as the next largest state.

California doesn't notice when someone leaves.

Over $100 billion in unfunded pension obligations and cities legally declaring bankruptcy, they had better notice.

"Big" money? Define big money..

 

[thereisnospoon]

I notice when the price of gasoline goes up, people drive less. And when the price of meat goes up, they eat less meat.

All costs are part of the economic system and they all go up. For some reason the conservative economic model thinks they should all go up except the wages of working people.

As with all commodities, the price will cause a temporary adjustment in the marketplace, and then it will adjust, and then the system will go back to normal.

Wage is just another word for metal, or corn, or gasoline. When ANY of them go up it causes a temporary reduction in purchase of that product. Labor is one of them. Then it resumes equilibrium.

But for some reason, conservatives believe all those things naturally increase in price over time except how much human beings get paid for their effort.

Hmm, now who would this benefit?

The marketplace left to determine the cost of goods and services works very well.
It is only when outside forces such as government mandate or unethical/illegal speculation or manipulation of the marketplace does then prevent equilibrium.
These artificial increases in wages are interference with the marketplace.
Business will react in such a manner so that self preservation is the goal.
margins will be maintained. This is done by cutting expenses. Because labor is the largest percentage cost of doing business and the easiest to control, labor will be the first item on the list that is addressed.

 

[jc456]

I notice when the price of gasoline goes up, people drive less. And when the price of meat goes up, they eat less meat.

All costs are part of the economic system and they all go up. For some reason the conservative economic model thinks they should all go up except the wages of working people.

As with all commodities, the price will cause a temporary adjustment in the marketplace, and then it will adjust, and then the system will go back to normal.

Wage is just another word for metal, or corn, or gasoline. When ANY of them go up it causes a temporary reduction in purchase of that product. Labor is one of them. Then it resumes equilibrium.

But for some reason, conservatives believe all those things naturally increase in price over time except how much human beings get paid for their effort.

Hmm, now who would this benefit?

The marketplace left to determine the cost of goods and services works very well.
It is only when outside forces such as government mandate or unethical/illegal speculation or manipulation of the marketplace does then prevent equilibrium.
These artificial increases in wages are interference with the marketplace.
Business will react in such a manner so that self preservation is the goal.
margins will be maintained. This is done by cutting expenses. Because labor is the largest percentage cost of doing business and the easiest to control, labor will be the first item on the list that is addressed.

companies pay higher wages only when loss of qualified workers occur when some other company pays more. Forcing a company to pay more is direct opposite the law of business. Failure will always be the outcome.

 

[Weatherman2020]

This is the law of unintended consequences taking effect....
As cities unwittingly cave into the political me too trend of raising wages in direct violation of the market forces for the sole purpose of solidifying a voting base, retailers and restaurants are as predicted, figuring out ways to reduce their exposure to the artificially high wages...
What the CEO of Carl's Jr. and Hardee's Just Revealed Is Going to Ruin Min Wage Protesters' Day

They just moved their HQ out of Taxifornia.
Robots will soon replace the kids in the restaurants.

 

[Weatherman2020]

California doesn't notice when someone leaves.

Is that why Taxifornia Democrats want to raise numerous taxes?

 

[IsaacNewton]

I notice when the price of gasoline goes up, people drive less. And when the price of meat goes up, they eat less meat.

All costs are part of the economic system and they all go up. For some reason the conservative economic model thinks they should all go up except the wages of working people.

As with all commodities, the price will cause a temporary adjustment in the marketplace, and then it will adjust, and then the system will go back to normal.

Wage is just another word for metal, or corn, or gasoline. When ANY of them go up it causes a temporary reduction in purchase of that product. Labor is one of them. Then it resumes equilibrium.

But for some reason, conservatives believe all those things naturally increase in price over time except how much human beings get paid for their effort.

Hmm, now who would this benefit?

The marketplace left to determine the cost of goods and services works very well.
It is only when outside forces such as government mandate or unethical/illegal speculation or manipulation of the marketplace does then prevent equilibrium.
These artificial increases in wages are interference with the marketplace.
Business will react in such a manner so that self preservation is the goal.
margins will be maintained. This is done by cutting expenses. Because labor is the largest percentage cost of doing business and the easiest to control, labor will be the first item on the list that is addressed.

Labor, always has been always will be.

It is a commodity like gasoline and bananas. When the price of any commodity goes up there is a lull in demand for that commodity. Then people adjust to the new norm and the market recovers. Same with labor. I find it telling when anyone in the working class derides higher wages, but is a mute when it comes to raising prices on everything else, as if prices going up is normal. BECAUSE IT IS. The same holds for labor.

 

[jc456]

I notice when the price of gasoline goes up, people drive less. And when the price of meat goes up, they eat less meat.

All costs are part of the economic system and they all go up. For some reason the conservative economic model thinks they should all go up except the wages of working people.

As with all commodities, the price will cause a temporary adjustment in the marketplace, and then it will adjust, and then the system will go back to normal.

Wage is just another word for metal, or corn, or gasoline. When ANY of them go up it causes a temporary reduction in purchase of that product. Labor is one of them. Then it resumes equilibrium.

But for some reason, conservatives believe all those things naturally increase in price over time except how much human beings get paid for their effort.

Hmm, now who would this benefit?

The marketplace left to determine the cost of goods and services works very well.
It is only when outside forces such as government mandate or unethical/illegal speculation or manipulation of the marketplace does then prevent equilibrium.
These artificial increases in wages are interference with the marketplace.
Business will react in such a manner so that self preservation is the goal.
margins will be maintained. This is done by cutting expenses. Because labor is the largest percentage cost of doing business and the easiest to control, labor will be the first item on the list that is addressed.

Labor, always has been always will be.

It is a commodity like gasoline and bananas. When the price of any commodity goes up there is a lull in demand for that commodity. Then people adjust to the new norm and the market recovers. Same with labor. I find it telling when anyone in the working class derides higher wages, but is a mute when it comes to raising prices on everything else, as if prices going up is normal. BECAUSE IT IS. The same holds for labor.

the business then folds. We'll all eat hamburgers at home or wendy's. But old Carl knows better and will adjust. he won't let his business go down. wait for it.

 

[IsaacNewton]

California doesn't notice when someone leaves.

Is that why Taxifornia Democrats want to raise numerous taxes?

California doesn't notice. The state has the 8th largest economy, not among states, but among nations. California's economy is roughly the size of the entire economy of Britain. Or Russia.

If you can't hack it here then yes, go where the weaker businesses go, like Taxus. No harm no foul. You have to have an A-game when you go into business here. The competition of capitalism is fierce!

 

[Weatherman2020]

 

[jon_berzerk]

this will soon replace the 15 dollar an hour minimum wage worker

 

[jon_berzerk]

http://www.ign.com/articles/2016/03/21/dominos-using-a-robot-to-deliver-pizza-in-australia

 

[IsaacNewton]

this will soon replace the 15 dollar an hour minimum wage worker

Cool, they'll get jobs making robots.

 

[DigitalDrifter]

If I ran a corporation, the last place I would headquarter today would be California.
Carl's has it right, somewhere in the South would be the goal.

 

[jon_berzerk]

this will soon replace the 15 dollar an hour minimum wage worker

Cool, they'll get jobs making robots.

maybe keep jobs

marathon robotics makes them

they make other robots for the government and such