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Thread: McJobs and the Minimum Wage[W:123,226]

  1. #11
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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by sawdust View Post
    Food is a lost leader at McDonalds. They make all of their profit from sodas. A large soda, with syrup, ice, water and cup lid and straw probably costs them a quarter and they sell it for a buck and a half or so. When Burger King ran their Whopper jr special for a dollar, lots of franchisees companied that the burger cost them a dollar ten to make. Wiki answers says the average profit margin for a McDonald's franchise is 10%. I'm going to assume that's net profit.

    The Huffington Post has this to say about increasing the wage of fast food workers.



    And this:



    Errors in McDonald's Wage Analysis

    While I understand seven bucks an hour is tough to live on, an increase in wages of this magnitude would certainly decrease volume at these fast food stores. Decreasing volume means fewer jobs because restaurants have to balance labor against gross volume to stay in business. In some cases decreased volume would mean store closings and further loss of volume.

    Everyone who works needs to understand that their jobs are dependent on the health of the business they work for. Their ability to earn money is directly related to the value of the production they do. The value of the production they do is directly related to the complexity of the tasks they perform. Brain surgeons make more than line cooks. That's just the way the world works.

    Fast food work is intended to be entry level employment. You can be trained for your job in an afternoon. It's also supposed to be a bridge to better employment as entry level workers build a resume that indicates they are dependable and responsible workers.

    Here's the real problem. We've lost millions of good paying jobs to recession and the ability of the internet to move technology overseas. We've lost jobs due to increased labor costs and a regulatory culture that has crept into Washington. Many of the jobs we've created in the Obama years are McJobs and now there is a disproportionate number of employees flipping burgers. Coupled with increasing numbers of part time jobs due to Obamacare, many fast food workers have no where to go to better themselves other than school and jobs training programs.

    It's a tough world right now, made tougher by a government that seems to be intent on making poverty comfortable rather than entrepreneurism easier. I started my first company in the seventies. It was hard work but it's one hell of a lot harder now. I understand the problems faced by employer and employee. I also understand that an employees earning ability isn't based on need. It's based on their ability to turn their time into profit for the company. If there is no profit, there is no company and there is no job. It's as simple as that.

    Rant over.
    Well, good rant.

    Everybody in America gets a shot at the big time. Everybody in American gets a shot at the middle. Everybody in America gets a shot at less.

    A job at a fast food joint could be a persons shot at the big time, if used wisely. A job at a fast food joint could be a persons shot at the middle if used well. A job at a fast food joint could be a persons shot at less if they don't use their head.

    Expecting 15 bucks an hour for cooking French Fries are the types they are not using their heads.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by SMTA View Post
    Somebody is clueless about economics and small business cost structure.
    Somebody didn't even read the freaking OP.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Deuce View Post
    My God, low-wage workers using their freedom of association to attempt to bargain for an economic situation better than "work 90 hours a week if you want to eat."

    The horror.
    Astroturf....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    re: McJobs and the Minimum Wage[W:123,226]

    In June, there were 3.9 million job openings, including fast food.
    Job Openings and Labor Turnover Survey News Release
    About 400k of those are "accomodation and food industry. Not all of those are minimum wage, of course, but a good chunk will be. So subtract these openings from the total, because according to some people here those jobs are for lazy idiots and if you have one you fail at life. Call it 3.7 million maybe.

    There are 11.5 million unemployed people. And as the right-wingers love to point out, "real" unemployment is higher due to people who have stopped looking, and those who are "underemployed." (like many of these minimum wage workers you all seem to despise so much) Let's pretend you can fill every job opening instantly.

    So what is your magic free market bootstraps idea for those other 8 million (or more) people?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by j-mac View Post
    Astroturf....
    Cop-out...

    It's easier to just wave off millions of people than it is to actually discuss the issues they face.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Deuce View Post
    My God, low-wage workers using their freedom of association to attempt to bargain for an economic situation better than "work 90 hours a week if you want to eat."

    The horror.
    The problem with this "solution", making the bottom 3% of wage earners get more than double their current pay, is that simply mandating U.S. wage inflation will change nothing for the better. The U.S. annual median wage fell to $26,364 in 2010, so increasing the lowest full-time (minimum) wage from $15K to $31K is obviously not going to happen without a serious ripple effect.

    Assuming that U.S. wage parity is maintained, all that accomplishes is inflation, since every U.S. wage will then increase as must prices of U.S. goods/services to match those increased labor costs. This makes imports even more desirable to U.S. comsumers, U.S. exports more costly on the world market and the U.S. employer is forced to try to reduce their labor costs even further.

    U.S. Median Annual Wage Falls To $26,364 As Pessimism Reaches 10-Year High [CORRECTION]
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Deuce View Post
    Cop-out...

    It's easier to just wave off millions of people than it is to actually discuss the issues they face.
    No it isn't....You progressives got busted astroturfing small business owners, and trying to push some outlandish "living wage agenda" and now when called on it, you claim 'cop out'.... Now that is funny....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by ttwtt78640 View Post
    The problem with this "solution", making the bottom 3% of wage earners get more than double their current pay, is that simply mandating U.S. wage inflation will change nothing for the better. The U.S. annual median wage fell to $26,364 in 2010, so increasing the lowest full-time (minimum) wage from $15K to $31K is obviously not going to happen without a serious ripple effect.

    Assuming that U.S. wage parity is maintained, all that accomplishes is inflation, since every U.S. wage will then increase as must prices of U.S. goods/services to match those increased labor costs. This makes imports even more desirable to U.S. comsumers, U.S. exports more costly on the world market and the U.S. employer is forced to try to reduce their labor costs even further.

    U.S. Median Annual Wage Falls To $26,364 As Pessimism Reaches 10-Year High [CORRECTION]
    Missing variable: worker productivity. We should factor this in, yes?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Deuce View Post
    Missing variable: worker productivity. We should factor this in, yes?
    If people ain't buying, it doesn't matter how productive that worker is....
    Building block or stumbling block.... choose.

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    re: McJobs and the Minimum Wage[W:123,226]

    Instead of raping the fast food industry, we could be drilling for energy we need here, and those jobs pay rather better than slinging french fries. Of course, those jobs are also a little more demanding....

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