Wendys reacts to wage hikes: Self serve kiosks; Price spikes; Firing employees; DANG IT!!

[Iceweasel]

Well.....I went to Dunkin Donuts for breakfast at the drive through this morning. A simple bacon and egg croissant....coffee with cream and sugar.

Get a mile down the road....it's bacon and egg on a bagel. And the coffee has NO CREAM....and a massive amount of sugar. Disgusting.

I was the only person in line....and only order....because it was 6am right when they opened.

These Fight for 15ers can't get a simple ******* sandwich and coffee right....and expect $15 hour???

Reminds me of what I told one of the drones once, "You have to get good at this before you'll even be lousy at something else".

 

[imawhosure]

Dumb post.

I’m not in that crowd but if I was, I wouldn’t be demanding a raise at all. Our transporters make less than that (men and women who bring patients into our facilities and take them out after their health is restored) and they will be raised to $15. We’re not going to simply throw our hands up and tell people to walk out of the facility. We will figure out how to incorporate higher wages into our business plan.

And The idiocy of the argument that this is some sort of federal lightning bolt that hits only during election season is incredibly daft. We’re under wage pressure everyday. Our competitors put a $5K signing bonus on the table for some nurses at one time if I recall. Guess what we had to do….examine our retention pay; offer seniority sweetness, and yes, tell some of the folks that we can’t afford them at that rate. Hate to see good talent walk out the door but its a fact of life.

Paying burger flippers $15 per hour is not sustainable. But if that does come to fruition and they are making $15 an hour, the world won’t end, there won’t be mass unemployment and the market will correct itself with higher prices and yes, some job trimming. Those that wish to stay involved in the low end fast food industry will figure out a way to make a profit.

You had me until you minimized, or so it seemed, the effects of a $15 min. wage.

Whatever the “going rate” is, businesses have long since found a way to be profitable. Whether or not it’s the FMW or just what the market will bear; it’s still money being paid to employees.

Some people don’t like the federal mandate. Some do not mind the federal mandate. Andrew Jackson’s face doesn’t smile when it’s being passed through the pay window to a skilled craftsman making $42 an hour and frown when Jane Doe “got over” thanks to Uncle Sam and is making whatever the current FMW is (7.50 an hour). To the business owner, both are being paid with her/his money.

If the FMW raises to $15 an hour and you have 80% unskilled labor, yes, you’re going to have to trim some staff. You may have to get out of that low-end space all together. But those who stay will find a way to make a profit. What you’ll likely see happen is workers becoming contractors and paid on that basis. I do contract work from time to time…it pays nowhere near minimum wage in some cases.

Pheh...we live in a Plutocratic Corporatocracy candy.
If Corporate Store #1's total wages is, say $48,000 a month...and after $15 an hour makes it $103,000...what do you think will happen? If labor cost is 60% of the cost of ownership, then it MUST remain at 60%. So you will have to raise the revenue, and reduce staff.
So...in other words - it is one giant exercise in futility. No one wins, and if anyone does - it will be the corporate owner/share holders...that is for damn sure.
A lack of wages is not the problem. A lack of better opportunity of employment is. And no increase in minimum wage is going to change that.

There is no must anything even though I get your point. Business will adjust like you say by raising prices and cutting staff if their profit margin is not acceptable. If it gets too bad they will just close up shop. i would guess 99.8% of for profit businesses are just that. Most want to maximize profit vs paying higher wages.

And I can’t blame them.

The thing that gets lost in these discussions (often) is this. If you own the store #1 in the scenario above and your wages you pay out go from $48,000 to $103,000…your raise revenue and reduce staff we’re told.

What is not said is this. Presumably the business owner is in business because he or she has made a decision to become her own boss. That spirit doesn’t go away and in many cases, if you’re pushing 50 for example, you’ve likely put all your chips into the middle of the table on this venture. You have no choice but to make it work. That may mean lowering your profit expectations if you’re a self proprietor or in a limited partnership. If you’re in the position to where you have good niche, the extra income your neighbors (and staff) make will likely mean some increased sales for you after the market stabilizes and you see some more growth as a result. The point is a lot of business owners will not just throw their hands up and quit because 1), they like being the boss and 2), they cannot do it and see the ownership as a marathon and not a sprint.

Also not addressed is what happens when millions of workers begin making double what they were making or 50% more or whatever. That money will find its way back into the economy.

Candy, that is total baloney. All you are doing is either causing inflation, or transferring wealth. We have had all these burger jobs for young people for years. Why is everyone worried now? There should be NO MINIMUM WAGE, period. Nobody forces someone to work for them, do they? You don't like the pay, go elsewhere.

And finally------------>who is the government to tell anybody what they, or someone else is worth? How do they know? If someone wants to work for 5 dollars an hour, why can't they? Hell, a lot of people refuse to even get a job unless they are paid 25 bucks an hour, so sit home collecting from the government. Why is it the government can't demand they return to work for less, but can demand that employers must pay more?

The left is going down a very, very, slippery slope, and doesn't seem to care. On one hand, they ***** because employers are leaving the country. On the other hand, they champion all the reasons they are leaving in the 1st place. They then vilify the owners, who are only manipulating THEIR PERSONAL STUFF, just like a lefty manipulates their I-phone. They left refuses to get the correlation in personal stuff, so they never get it. Just like the lawnmower works for the lefty, a factory owners factory works for him. They are machines! The lefty may hire a teenager to run his/her mower. The factory owner may hire 20 people to run his small factory. When the government tells the left his mower is to loud, the lefty may say screw it, throw the mower away, and hire a lawn service. (outsourcing) When the government tells the factory owner his factory is out of compliance with expensive regulations, he says screw it, and moves it elsewhere.

But the thing is, the lefty thinks that his move was ok, but the factory owner was a cruel bastard. That is bull! CONSIDER----------->the lefty cost the teenager his job, the lefty caused the mower maker to lay someone off cause he didn't buy a new one, and the lefty cost a cashier at the gas station her job because he doesn't go get gas in the can for his mower. The lefty also caused the fertilizer company to lose an employee because he isn't buying fertilizer, and now they are using liquid chemicals on his lawn which go into the sewer system, lakes, and streams. The lefty ignores this, and bitches about the factory owner instead, and minimum wage, because all the lefty does, is listen to other lefties, lol.

 

[Markle]

The bizarre desire of the right to celebrate people losing their jobs rears its ugly head again.

Childish. Your Progressive cabal was told by Conservatives that this would happen. YOU and yours ignored the warnings and now you want to BLAME Conservatives for what happened.

First, the technology will be made available to all franchisees according to YOUR source. That means that they may or may not get them. Bear faced lie.

‘They’re firing a bunch of employees” is not supported by the source in any way shape or form.

Further, the raise in wages has not taken place yet.

It’s a classic case of right wing blowhards looking for something to post and of course, lying through their teeth.

The only reason to post this nonsense is to celebrate people losing their jobs and to satisfy some bizarre need you have to try to be correct for once.

Actually bare, not bear. If you think Wendy's is installing these so employees can work less while the machine does their job, you are confused. Businesses are often proactive in reducing costs and potential risks. Good news, this can be a motivator for the $15 crowd to find a real $15 per hour job! Particularly since as you pointed out, they are giving advanced warning.

How is someone, unqualified for a minimum wage job, going to qualify for a $15.00 an hour job?

 

[Markle]

The bizarre desire of the right to celebrate people losing their jobs rears its ugly head again.

I'm not celebrating people losing their jobs. I'm celebrating liberalism once again being proven a failure.

We told yall min wage hikes would result in this.

Being right is fun.

Sure you are. It’s your only goal. You know this. You have to shade the truth to get there but nobody would go through such efforts to “get there” unless their goal was to smear someone.

In fact, you lied in the OP.

You said this:

But....all 6000 stores are getting self serve kiosks. Prices are spiking (already been going up). And.....they're firing a bunch of employees.

First, the technology will be made available to all franchisees according to YOUR source. That means that they may or may not get them. Bear faced lie.

‘They’re firing a bunch of employees” is not supported by the source in any way shape or form.

Further, the raise in wages has not taken place yet.

It’s a classic case of right wing blowhards looking for something to post and of course, lying through their teeth.

The only reason to post this nonsense is to celebrate people losing their jobs and to satisfy some bizarre need you have to try to be correct for once.

You are not illiterate; even you know the Obama administrations CBO projects that a wage hike would cost 400,000 to 750,000 minimum wage earners their jobs. That is significant when you realize that less than 2 million people are paid minimum wage.

As far as I am concerned, you are HEARTLESS! Your ideology is over riding your compassion.

Let me explain something------------->winning a Presidential election doesn't make all your ideas, or any of your ideas correct, it just makes them popular. A President who has EVER been elected to these United States, has not yet been inaugurated that at least in one quarter, he enjoyed 3% growth...............until this one named BARACK, HUSSEIN, OBAMA! He still has 9 months-) Lets see if he gets one quarter, or goes down in history as the worst President as far as economics, EVER!

So keep floating those lefty ideas. Popular? I am sure for the ignorant, they are. But destructive? Absolutely. But what do you care, you are an elitist.

There are about 3.5 million people making minimum wage.

Less than a million will lose their job while the 2-3 million who are still employed are making more? I guess that is capitalism. Nobody said its pretty.

What has never been explained was that if the McDonalds down the street is raising it’s wage to $15.00 and the Burger King down the street is raising it’s wage to $15.00, they are both facing the same increase in cost. Prices will rise to cover it and maintain the profit margin for the business owner. Happens all the time.

Celebrating the 400-750 thousand people losing their jobs is a sickness though.

Candycorn, you stated, and I quote: "There are about 3.5 million people making minimum wage."

Yes, please show us your source and link AND how many of those supposed 3.5 million earning the minimum wage are the sole earner in a household.

 

[Markle]

I'm not celebrating people losing their jobs. I'm celebrating liberalism once again being proven a failure.

We told yall min wage hikes would result in this.

Being right is fun.

Sure you are. It’s your only goal. You know this. You have to shade the truth to get there but nobody would go through such efforts to “get there” unless their goal was to smear someone.

In fact, you lied in the OP.

You said this:

But....all 6000 stores are getting self serve kiosks. Prices are spiking (already been going up). And.....they're firing a bunch of employees.

First, the technology will be made available to all franchisees according to YOUR source. That means that they may or may not get them. Bear faced lie.

‘They’re firing a bunch of employees” is not supported by the source in any way shape or form.

Further, the raise in wages has not taken place yet.

It’s a classic case of right wing blowhards looking for something to post and of course, lying through their teeth.

The only reason to post this nonsense is to celebrate people losing their jobs and to satisfy some bizarre need you have to try to be correct for once.

You are not illiterate; even you know the Obama administrations CBO projects that a wage hike would cost 400,000 to 750,000 minimum wage earners their jobs. That is significant when you realize that less than 2 million people are paid minimum wage.

As far as I am concerned, you are HEARTLESS! Your ideology is over riding your compassion.

Let me explain something------------->winning a Presidential election doesn't make all your ideas, or any of your ideas correct, it just makes them popular. A President who has EVER been elected to these United States, has not yet been inaugurated that at least in one quarter, he enjoyed 3% growth...............until this one named BARACK, HUSSEIN, OBAMA! He still has 9 months-) Lets see if he gets one quarter, or goes down in history as the worst President as far as economics, EVER!

So keep floating those lefty ideas. Popular? I am sure for the ignorant, they are. But destructive? Absolutely. But what do you care, you are an elitist.

There are about 3.5 million people making minimum wage.

Less than a million will lose their job while the 2-3 million who are still employed are making more? I guess that is capitalism. Nobody said its pretty.

What has never been explained was that if the McDonalds down the street is raising it’s wage to $15.00 and the Burger King down the street is raising it’s wage to $15.00, they are both facing the same increase in cost. Prices will rise to cover it and maintain the profit margin for the business owner. Happens all the time.

Celebrating the 400-750 thousand people losing their jobs is a sickness though.

No that IS NOT capitalism.

Capitalism wouldn't pay people $15 an hour for a job whose labor is only worth $7.25.

But using the power of government to force that....then causes the market to adjust.

And in this case....the adjustment is firing a bunch of under 30 lefties.

So everyone who gets fired is a liberal?

That's just foolish. MOST LIKELY, everyone who gets fired is a Liberal believing that Progressivism is the way to a life at ease from the pockets of others.

 

[Markle]

I am no economist, I see the issue as out of control cost of living. Raising the minimum wage is like Obama care, neither addresses causes nor offers solutions.

Yes, in fact what will happen, a high minimum wage will hurt people who have been in the workforce for years and who earn $20-$30 dollars an hour. Inflation caused by these ridiculously high minimum wages will hit them unless they receive equally large wage raises, and if that's the case, we'll be just right back where we were before.
The left are simply economically stupid.

You correctly stated the following, and I quote: "Yes, in fact what will happen, a high minimum wage will hurt people who have been in the workforce for years and who earn $20-$30 dollars an hour. Inflation caused by these ridiculously high minimum wages will hit them unless they receive equally large wage raises, and if that's the case, we'll be just right back where we were before."

Of course, that is 100% true and Progressives are so dense it either makes no sense to them, or they don't care. As the minimum wage increases so do everyone else's wage by an equal percentage.

My first "real" job, I had just turned 16. I was bagging groceries for the minimum wage of $0.85 per hour. At the same time, I could buy a gallon of gas for $0.29 and a loaf of bread for less than fifty cents. Not much difference today. Say the minimum wage is now $8.00 an hour. Gas is not about $2.25 and increasing, a loaf of bread is $3.99.

As you say, NOTHING is gained, BUT...as is the only thing that matters with Progressives...IT MAKES THEM FEEL SO GOOD.

 

[Markle]

Wendy’s Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food

The wage hikes/min wage "Fight for 15" crowd has made Wendy's react. They're my 2nd favorite behind Chic Fil A.

But....all 6000 stores are getting self serve kiosks. Prices are spiking (already been going up). And.....they're firing a bunch of employees.

Hey libs.....if you can get 2 workers for $8 each an hour....then make it $15 each....the business will just have 1 worker for $15....not 2 for $30.


THIS isn't how it was supposed to work was it libs????

View attachment 74600

How DARE they pay a living wage!

Minimum wages have never been, nor ever been intended to be "living wages".

The idea here, when you enter the workforce in a menial job, you learn the basics, and you move on to higher skilled jobs that earn higher wages.
Let's get real here, the worker needs to put in the time making themselves more marketable in the workforce. It's up to you to provide the initiative, these things were never intended to be handed to you.
You have the power ! Use it !

As you said!

 

[Markle]

Actually it's the delight not at people losing their jobs, that sucks. The delight is the squirming you dipshits will be going through as your idiotic ideas are shown to be...well, idiotic.

No, guy, idiotic is screwing over working people on wages, watching them depend on government to make ends meet, and then wonder why you end up with more and more government.

So what makes more sense - paying a worker a sub-living wage, and then watching them apply for SNAP, Section 8, Medicaid and an ObamaPhone (actually, a Reagan phone), or paying them a living wage with decent health benefits.

Which one of those people is more likely to support MORE government, and which one is likely to support LESS government?

You see, this is where you guys just aren't very smart.

The solution then and the solution today!

Benjamin Franklin

November 27-29 1766

“I think the best way of doing good to the poor, is not making them easy in poverty but leading or driving them out of it. In my youth I traveled much, I observed in different countries that the more public provision were made for the poor, the less they provided for themselves, and of course became poorer. And on the contrary, the less was done for them the more they did for themselves and became richer.”

 

[Markle]

America would be so much better off if workers made less.

"Please Mr. Employer, I want to do better so please pay me less!"

The Federal Minimum Wage should be eliminated. If the states want one, that's their business.

 

[Markle]

What happens to the guys already making $15.00 an hour now? All a sudden they are making minimum wage. The price of everything going up. It's gonna hurt more people then it helps. Just like liberalism does daily.

He'll get a bump also and then the whole ******* country is just going to go out of business because the greedy scumbag workers are making too damn much!

Their wages are determined by market demand. People will only pay so much for a fast food meal. Most franchises are operating with slim margins so your passive aggressive response aside, how do you propose to fund those that loose their jobs?

The profit margins are very slim plus, the vast majority of fast food restaurants are franchises. Meaning they are all small businesses. One owner may own one store or ten but they are not a mega business.

 

[Markle]

You are not illiterate; even you know the Obama administrations CBO projects that a wage hike would cost 400,000 to 750,000 minimum wage earners their jobs. That is significant when you realize that less than 2 million people are paid minimum wage.

As far as I am concerned, you are HEARTLESS! Your ideology is over riding your compassion.

Let me explain something------------->winning a Presidential election doesn't make all your ideas, or any of your ideas correct, it just makes them popular. A President who has EVER been elected to these United States, has not yet been inaugurated that at least in one quarter, he enjoyed 3% growth...............until this one named BARACK, HUSSEIN, OBAMA! He still has 9 months-) Lets see if he gets one quarter, or goes down in history as the worst President as far as economics, EVER!

So keep floating those lefty ideas. Popular? I am sure for the ignorant, they are. But destructive? Absolutely. But what do you care, you are an elitist.

There are about 3.5 million people making minimum wage.

Less than a million will lose their job while the 2-3 million who are still employed are making more? I guess that is capitalism. Nobody said its pretty.

What has never been explained was that if the McDonalds down the street is raising it’s wage to $15.00 and the Burger King down the street is raising it’s wage to $15.00, they are both facing the same increase in cost. Prices will rise to cover it and maintain the profit margin for the business owner. Happens all the time.

Celebrating the 400-750 thousand people losing their jobs is a sickness though.

What happens to the guys already making $15.00 an hour now? All a sudden they are making minimum wage. The price of everything going up. It's gonna hurt more people then it helps. Just like liberalism does daily.

More than 60% of American workers make $20/hour or less. All of them are going to demand a raise when MW is $15/hour. But, you know, that's not going to be a problem because businesses are attached to an endless supply of cash...

The banks, anyway.

Endless printing of money is another driver of inflation.

The endless printing of money, also known as Quantitive Easing, through a circuitous route, has fueled the stock market comeback.

 

[Markle]

More than 60% of American workers make $20/hour or less. All of them are going to demand a raise when MW is $15/hour. But, you know, that's not going to be a problem because businesses are attached to an endless supply of cash...

Dumb post.

I’m not in that crowd but if I was, I wouldn’t be demanding a raise at all. Our transporters make less than that (men and women who bring patients into our facilities and take them out after their health is restored) and they will be raised to $15. We’re not going to simply throw our hands up and tell people to walk out of the facility. We will figure out how to incorporate higher wages into our business plan.

And The idiocy of the argument that this is some sort of federal lightning bolt that hits only during election season is incredibly daft. We’re under wage pressure everyday. Our competitors put a $5K signing bonus on the table for some nurses at one time if I recall. Guess what we had to do….examine our retention pay; offer seniority sweetness, and yes, tell some of the folks that we can’t afford them at that rate. Hate to see good talent walk out the door but its a fact of life.

Paying burger flippers $15 per hour is not sustainable. But if that does come to fruition and they are making $15 an hour, the world won’t end, there won’t be mass unemployment and the market will correct itself with higher prices and yes, some job trimming. Those that wish to stay involved in the low end fast food industry will figure out a way to make a profit.

You had me until you minimized, or so it seemed, the effects of a $15 min. wage.

Whatever the “going rate” is, businesses have long since found a way to be profitable. Whether or not it’s the FMW or just what the market will bear; it’s still money being paid to employees.

Some people don’t like the federal mandate. Some do not mind the federal mandate. Andrew Jackson’s face doesn’t smile when it’s being passed through the pay window to a skilled craftsman making $42 an hour and frown when Jane Doe “got over” thanks to Uncle Sam and is making whatever the current FMW is (7.50 an hour). To the business owner, both are being paid with her/his money.

If the FMW raises to $15 an hour and you have 80% unskilled labor, yes, you’re going to have to trim some staff. You may have to get out of that low-end space all together. But those who stay will find a way to make a profit. What you’ll likely see happen is workers becoming contractors and paid on that basis. I do contract work from time to time…it pays nowhere near minimum wage in some cases.

Pheh...we live in a Plutocratic Corporatocracy candy.
If Corporate Store #1's total wages is, say $48,000 a month...and after $15 an hour makes it $103,000...what do you think will happen? If labor cost is 60% of the cost of ownership, then it MUST remain at 60%. So you will have to raise the revenue, and reduce staff.
So...in other words - it is one giant exercise in futility. No one wins, and if anyone does - it will be the corporate owner/share holders...that is for damn sure.
A lack of wages is not the problem. A lack of better opportunity of employment is. And no increase in minimum wage is going to change that.

There is no must anything even though I get your point. Business will adjust like you say by raising prices and cutting staff if their profit margin is not acceptable. If it gets too bad they will just close up shop. i would guess 99.8% of for profit businesses are just that. Most want to maximize profit vs paying higher wages. The sad thing is that employee wages and other forms of compensation are tax deductible in most cases so its really a paper loss.

You seem proud of your ignorance. You don't have a clue as to what a business expense is with regard to being tax deductible.

Do you intentionally make a fool of yourself or do you really not know?

 

[there4eyeM]

In this scenario of automation, at least these chains are no longer subsidized by public funding (welfare to underpaid employees).
According to the 'left' and 'right' dualism, this should please everyone.
Instead, it pleases no one.
We have to find another model for human value and use of wealth.

Huh? People should be subsidized when they start out in the marketplace? When did that become a given? Your premise is flawed since it assumes everyone has the right to fund their lifestyle. Back in the day I had room mates to share expenses until I moved up and could afford a place of my own. It's what people did.

The post infers nothing of the kind. Your response is another example, so rampant here, of people reading into rather than reading.
"another model of human value and use of wealth" implies exactly that, NEW models.
What is flawed is that societies continue to enforce economic systems that essentially regard humans as inferior robots.

Your problem is your inability to understand the ramifications of what you say. It isn't people reading into it, it's you not being able to see the inevitable next step. Most jobs can't be replaced by robots, now or in the near future. If it can, you might be in deep doodoo given the their wage demands. That's what we are discussing.

And that discussion leads nowhere.
What my post was getting at, and that no one reads deeply enough, is that NEW MODELS must be found. All the talk here is just around the old ways that sputtered along in the past but are being totally surpassed by the present.
Work and production and pay functioned in a different, antique world. We have to come to agreement on new approaches to seeing to it that necessary work gets done and, at the same time, people have the necessities of life.
It would be stupid to keep or create 'jobs' for humans that automation could do. Humans do and will always do things machines cannot. Can you think of any of those things? They should be valued.

 

[Iceweasel]

And that discussion leads nowhere.

So why post?

 

[Iceweasel]

What my post was getting at, and that no one reads deeply enough, is that NEW MODELS must be found. All the talk here is just around the old ways that sputtered along in the past but are being totally surpassed by the present.
Work and production and pay functioned in a different, antique world. We have to come to agreement on new approaches to seeing to it that necessary work gets done and, at the same time, people have the necessities of life.
It would be stupid to keep or create 'jobs' for humans that automation could do. Humans do and will always do things machines cannot. Can you think of any of those things? They should be valued.

I've lived there my whole life you goddamn idiot. What is wrong with you? A new model to understand profit and loss? Go get a life!

 

[there4eyeM]

What my post was getting at, and that no one reads deeply enough, is that NEW MODELS must be found. All the talk here is just around the old ways that sputtered along in the past but are being totally surpassed by the present.
Work and production and pay functioned in a different, antique world. We have to come to agreement on new approaches to seeing to it that necessary work gets done and, at the same time, people have the necessities of life.
It would be stupid to keep or create 'jobs' for humans that automation could do. Humans do and will always do things machines cannot. Can you think of any of those things? They should be valued.

I've lived there my whole life you goddamn idiot. What is wrong with you? A new model to understand profit and loss? Go get a life!

Uncivil embarrassment to yourself, your refusal to understand is predictable.

 

[Iceweasel]

What my post was getting at, and that no one reads deeply enough, is that NEW MODELS must be found. All the talk here is just around the old ways that sputtered along in the past but are being totally surpassed by the present.
Work and production and pay functioned in a different, antique world. We have to come to agreement on new approaches to seeing to it that necessary work gets done and, at the same time, people have the necessities of life.
It would be stupid to keep or create 'jobs' for humans that automation could do. Humans do and will always do things machines cannot. Can you think of any of those things? They should be valued.

I've lived there my whole life you goddamn idiot. What is wrong with you? A new model to understand profit and loss? Go get a life!

Uncivil embarrassment to yourself, your refusal to understand is predictable.

See above.

 

[Asclepias]

Dumb post.

I’m not in that crowd but if I was, I wouldn’t be demanding a raise at all. Our transporters make less than that (men and women who bring patients into our facilities and take them out after their health is restored) and they will be raised to $15. We’re not going to simply throw our hands up and tell people to walk out of the facility. We will figure out how to incorporate higher wages into our business plan.

And The idiocy of the argument that this is some sort of federal lightning bolt that hits only during election season is incredibly daft. We’re under wage pressure everyday. Our competitors put a $5K signing bonus on the table for some nurses at one time if I recall. Guess what we had to do….examine our retention pay; offer seniority sweetness, and yes, tell some of the folks that we can’t afford them at that rate. Hate to see good talent walk out the door but its a fact of life.

Paying burger flippers $15 per hour is not sustainable. But if that does come to fruition and they are making $15 an hour, the world won’t end, there won’t be mass unemployment and the market will correct itself with higher prices and yes, some job trimming. Those that wish to stay involved in the low end fast food industry will figure out a way to make a profit.

You had me until you minimized, or so it seemed, the effects of a $15 min. wage.

Whatever the “going rate” is, businesses have long since found a way to be profitable. Whether or not it’s the FMW or just what the market will bear; it’s still money being paid to employees.

Some people don’t like the federal mandate. Some do not mind the federal mandate. Andrew Jackson’s face doesn’t smile when it’s being passed through the pay window to a skilled craftsman making $42 an hour and frown when Jane Doe “got over” thanks to Uncle Sam and is making whatever the current FMW is (7.50 an hour). To the business owner, both are being paid with her/his money.

If the FMW raises to $15 an hour and you have 80% unskilled labor, yes, you’re going to have to trim some staff. You may have to get out of that low-end space all together. But those who stay will find a way to make a profit. What you’ll likely see happen is workers becoming contractors and paid on that basis. I do contract work from time to time…it pays nowhere near minimum wage in some cases.

Pheh...we live in a Plutocratic Corporatocracy candy.
If Corporate Store #1's total wages is, say $48,000 a month...and after $15 an hour makes it $103,000...what do you think will happen? If labor cost is 60% of the cost of ownership, then it MUST remain at 60%. So you will have to raise the revenue, and reduce staff.
So...in other words - it is one giant exercise in futility. No one wins, and if anyone does - it will be the corporate owner/share holders...that is for damn sure.
A lack of wages is not the problem. A lack of better opportunity of employment is. And no increase in minimum wage is going to change that.

There is no must anything even though I get your point. Business will adjust like you say by raising prices and cutting staff if their profit margin is not acceptable. If it gets too bad they will just close up shop. i would guess 99.8% of for profit businesses are just that. Most want to maximize profit vs paying higher wages. The sad thing is that employee wages and other forms of compensation are tax deductible in most cases so its really a paper loss.

You seem proud of your ignorance. You don't have a clue as to what a business expense is with regard to being tax deductible.

Do you intentionally make a fool of yourself or do you really not know?

Your ignorance is appalling. I always seem to make you look like an idiot without even trying. Its weird how I wasnt even talking to you and you still broke your neck to seize the opportunity to look like a dummy.

Publication 535 (2015), Business Expenses

"You can generally deduct the amount you pay your employees for the services they perform. The pay may be in cash, property, or services. It may include wages, salaries, bonuses, commissions, or other non-cash compensation such as vacation allowances and fringe benefits. For information about deducting employment taxes, see chapter 5."

 

[candycorn]

The bizarre desire of the right to celebrate people losing their jobs rears its ugly head again.

I'm not celebrating people losing their jobs. I'm celebrating liberalism once again being proven a failure.

We told yall min wage hikes would result in this.

Being right is fun.

Sure you are. It’s your only goal. You know this. You have to shade the truth to get there but nobody would go through such efforts to “get there” unless their goal was to smear someone.

In fact, you lied in the OP.

You said this:

But....all 6000 stores are getting self serve kiosks. Prices are spiking (already been going up). And.....they're firing a bunch of employees.

First, the technology will be made available to all franchisees according to YOUR source. That means that they may or may not get them. Bear faced lie.

‘They’re firing a bunch of employees” is not supported by the source in any way shape or form.

Further, the raise in wages has not taken place yet.

It’s a classic case of right wing blowhards looking for something to post and of course, lying through their teeth.

The only reason to post this nonsense is to celebrate people losing their jobs and to satisfy some bizarre need you have to try to be correct for once.

You are not illiterate; even you know the Obama administrations CBO projects that a wage hike would cost 400,000 to 750,000 minimum wage earners their jobs. That is significant when you realize that less than 2 million people are paid minimum wage.

As far as I am concerned, you are HEARTLESS! Your ideology is over riding your compassion.

Let me explain something------------->winning a Presidential election doesn't make all your ideas, or any of your ideas correct, it just makes them popular. A President who has EVER been elected to these United States, has not yet been inaugurated that at least in one quarter, he enjoyed 3% growth...............until this one named BARACK, HUSSEIN, OBAMA! He still has 9 months-) Lets see if he gets one quarter, or goes down in history as the worst President as far as economics, EVER!

So keep floating those lefty ideas. Popular? I am sure for the ignorant, they are. But destructive? Absolutely. But what do you care, you are an elitist.

There are about 3.5 million people making minimum wage.

Less than a million will lose their job while the 2-3 million who are still employed are making more? I guess that is capitalism. Nobody said its pretty.

What has never been explained was that if the McDonalds down the street is raising it’s wage to $15.00 and the Burger King down the street is raising it’s wage to $15.00, they are both facing the same increase in cost. Prices will rise to cover it and maintain the profit margin for the business owner. Happens all the time.

Celebrating the 400-750 thousand people losing their jobs is a sickness though.

Candycorn, you stated, and I quote: "There are about 3.5 million people making minimum wage."

Yes, please show us your source and link AND how many of those supposed 3.5 million earning the minimum wage are the sole earner in a household.

Sole earner is your job.

BLS is my source.

 

[Faun]

You are not illiterate; even you know the Obama administrations CBO projects that a wage hike would cost 400,000 to 750,000 minimum wage earners their jobs. That is significant when you realize that less than 2 million people are paid minimum wage.

As far as I am concerned, you are HEARTLESS! Your ideology is over riding your compassion.

Let me explain something------------->winning a Presidential election doesn't make all your ideas, or any of your ideas correct, it just makes them popular. A President who has EVER been elected to these United States, has not yet been inaugurated that at least in one quarter, he enjoyed 3% growth...............until this one named BARACK, HUSSEIN, OBAMA! He still has 9 months-) Lets see if he gets one quarter, or goes down in history as the worst President as far as economics, EVER!

So keep floating those lefty ideas. Popular? I am sure for the ignorant, they are. But destructive? Absolutely. But what do you care, you are an elitist.

There are about 3.5 million people making minimum wage.

Less than a million will lose their job while the 2-3 million who are still employed are making more? I guess that is capitalism. Nobody said its pretty.

What has never been explained was that if the McDonalds down the street is raising it’s wage to $15.00 and the Burger King down the street is raising it’s wage to $15.00, they are both facing the same increase in cost. Prices will rise to cover it and maintain the profit margin for the business owner. Happens all the time.

Celebrating the 400-750 thousand people losing their jobs is a sickness though.

No that IS NOT capitalism.

Capitalism wouldn't pay people $15 an hour for a job whose labor is only worth $7.25.

But using the power of government to force that....then causes the market to adjust.

And in this case....the adjustment is firing a bunch of under 30 lefties.

So everyone who gets fired is a liberal?

Mostly. Liberals are way worse workers so when someone gets fired it's usually the worst worker....so....the liberals. Not because they're liberals. But because they usually suck at work.

Having owned five FF national franchises I will attest to the fact that 99% of the ******* worst employees I ever had were LIBS!
Late/stoned/drunk/thieves/filthy illiterates.
Before I sold my franchises I had replaced the ******* LIB vermin with 'fifty-something' clean sober on time 'nose down tail up 100% REPs.
The new owners were amazed at how efficient and spotless clean the outlets were.

You're still lying, huh? Last time, you said you owned "seven" FF franchises. Now it's "five." Wassamatter, don't you know how many FF franchises you owned?

I sold my seven FF franchises when I was 57 and retired a multimillionaire.