I'm sure there are other factors but having his payroll expense suddenly go up likely $5,000-$8,000 a month based on the number of employees because of the new law was the final nail in the coffin.
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How much more will your Big Mac cost if we raise the minimum wage?
- Thread starter hal9000
- Start date
and probably if you dug into that location’s finances there would be some interesting revelations.
Again, I don't doubt that the business was on shaky ground. Just like many individuals carry debt and are paycheck to paycheck a lot of businesses are the same way. Having your payroll expense go up $5,000-$8,000 a month is a pretty big fukking deal if you're a business in that position. Unlike the government where you get your paycheck, a small business can't magically print money out of thin air or simply jack up local taxes to make payroll.
R U kidding, Foster's Freeze of Lemoore, CA was the only ice cream joint within 5 miles of the surf ranch. what are the kids going to do now!?
Feel free to google average margins of fast food or any other type of restaurant
They most likely pinch pennies when it comes to other expenses
I’m sure it’s probably anything but sudden massive increase in the cost of labor….
Develop a marketable skill.
BTW, and I can’t believe this still has to be explained, if you raise everyone’s pay the price of everything goes up negating any benefit.
Do you realize that flipping burgers at a fast food establishment as never a job designed to support independent living. When I had my first job at KFC the only guy that worked there who was supporting himself was the manager.
Now, for some reason everyone working at a KFC should be able support a family of four? Why?
It’s entry level work. It’s not a career.
I googled McD's Net Profit Margin. I saw 31.83%. That's a lot of pennies.
The notion that the working poor with two-three jobs are going to en masse develop/improve skills is comical. They're going to become foot soldiers in retail theft rings or self-medicate until the fentanyl works. I don't have a realistic solution for what to do about the losers in a capitalist system. Neither does capitalism or we wouldn't be having this conversation.
Meanwhile in recent elections in Florida:
Ron DeSantis couldn't clear 60%
Increasing property tax exemptions couldn't clear 60%
$15/hr minimum wage cleared 60%
In my opinion, I am not sure if bumping the minimum wage is the right thing to do. 60% of Florida is.
This is why McDonald's is switching to robots.
fast food isnt a career. dunno why people think they deserve to make as much money as people who developed and nutured a skillset other than - would you like fries with that? these jobs are for teenagers.
Used to be for teenagers. Californiacation is alive and well.
You know, in the 70's people made great livings working at fast food places.
The trick was selling drugs at the drive through.
Fast food/ weed dispensaries.
Problem solved.
The trick was selling drugs at the drive through.
Fast food/ weed dispensaries.
Problem solved.
true, and many people work low wage jobs while attending school. they still have to pay rent while they're in school.
this board is full of privileged folks who have won the game of life and it's easy for us to forget how the lower-income class lives.
If the owner isn’t making a profit then there are no workers