Well?
SNIP:
Spilling the truth on the fight for a $15 minimum wage
By Post Editorial Board
May 25, 2015 | 5:22pm
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Protesters call for a $15-hour minimum wage in Times Square in April 2015.Photo: AP
Did The New York Times just inadvertently tell us what the real goal of the raise-the-minimum-wage campaign is?
A Times editorial last week
cheered Los Angeles’ enactment of a $15-an-hour minimum wage— but noted that restaurants, particularly fast-food joints, don’t like it. Said The Times: “The restaurant industry . . . will not go down without a fight.”
We didn’t think that bringing down an entire industry was what the campaign for a $15 minimum was
supposedto be about. Oops.
Back in March,
we noted that a similar hikein Seattle’s minimum wage was leading to a spate of local restaurant closings, given that labor costs account for 36 percent of the average restaurant’s earnings.
Case in point: Z Pizza, which has to shut down — putting all 11 employees out of work — because its owner can’t afford the higher labor costs. Ritu Shah Burnham says she tried layoffs, cutting hours, price hikes and not paying herself — to no avail.
And while small businesses have six years to phase in the wage hikes, she has only two, since she’s a franchise of a large chain.
The Times dismissed such concerns, saying minimum-wage hikes can be offset by higher prices and by “paying executives and shareholders less.” (anyone think they do that at their Slimy rag of a newspaper?)
ALL of it here:
Spilling the truth on the fight for a 15 minimum wage New York Post
The only thing is is that poor people that you like so much rely on companies like McDonald's to feed them. Yeah I know it sucks to be poor. Now do you still not give a shit if they have to pay 50 cents extra?
When beef prices skyrocketed, McDonalds had no problem raising their prices. Somehow, they remained in business
Yet, threaten to raise the price of labor and conservatives predict economic collapse
Huh?
dshort Advisor Perspectives
Since 1986, the price of a Big Mac has increased 185% from $1.60 to $4.56 today. During this same time period, the CPI has increased at a much lower rate of 110%.
You will find that very little of that price increase "trickled down" to the workers
You do know cooperate Mickey D`s only own 1O percent of it's stores the rest are own by folks you and me, hardly rich
What It Costs To Open A McDonald s - Business Insider
The average McDonald's restaurant generates $2.5 million in sales annually
Startup costs, which include construction and equipment expenses, average between $955,708 and $2.3 million, according to
McDonald's. The total is determined by the geography and size of the restaurant, as well as by the selection of kitchen equipment, signage, style of decor, and landscaping, the company says.
Franchisees must pay 40% of the startup costs with cash and other non-borrowed resources, while the rest can be financed.
In addition to those costs, McDonald's charges a $45,000 franchisee fee and an ongoing monthly service fee equal to 4% of gross sales. Franchisees must also pay rent to the company, which is a percentage of monthly sales.
Read more:
http://www.businessinsider.com/what-it-costs-to-open-a-mcdonalds-2014-11#ixzz3bFgk5eSS
Read more:
http://www.businessinsider.com/what-it-costs-to-open-a-mcdonalds-2014-11#ixzz3bFgY2IlF