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Thread: Might be a delay getting your Big Mac today.

  1. #141
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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by hjl1991 View Post
    However the one's that are worth it will get paid much better, not to mention your food service will also be much better. And believe me, there are plenty of workers in restaurants who deserve $15 an hour.
    The good ones will remain, yes, but I don't think that was Maggie's point. I think her point was that many of the people who are agitating for the $15/hr now are NOT the ones who are good enough to remain and are actually, albeit unknowingly, agitating for their own elimination.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by Deuce View Post
    My mistake, that number was 45 years, not 40. (in 1968 the minimum wage was also $1.60)
    Funny how the minimum wage was increased in 1968 and the unemployment rate has never been that low again.
    Last edited by jmotivator; 12-06-13 at 08:12 AM.
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    Re: Might be a delay getting your Big Mac today.

    I will say it again:

    Revenue – Costs = Profit/ Loss

    You almost never get something for nothing in business.

    If these people get what they want, then the burgers they flip will go up in price AND the companies they work for will sell less burgers AND they will make less profit AND they will have to layoff more people to make up the difference.


    I am not against what these people are doing at all - it is many times better, IMO, then raising the national minimum wage to $15.

    But I just hope they realize that no company can just absorb a 100% rise in workers pay without having to cut costs and/or raise prices to compensate.

    Many of them WILL be laid off if they get their wish...guaranteed.

    But if they fully understand that...power to 'em.

  4. #144
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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by Mason66 View Post
    The word deserve has no place when you are talking about wages.
    I'm not the one who keeps bringing it up.
    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: Might be a delay getting your Big Mac today.

    Quote Originally Posted by DA60 View Post
    I will say it again:

    Revenue – Costs = Profit/ Loss

    You almost never get something for nothing in business.

    If these people get what they want, then the burgers they flip will go up in price AND the companies they work for will sell less burgers AND they will make less profit AND they will have to layoff more people to make up the difference.


    I am not against what these people are doing at all - it is many times better, IMO, then raising the national minimum wage to $15.

    But I just hope they realize that no company can just absorb a 100% rise in workers pay without having to cut costs and/or raise prices to compensate.

    Many of them WILL be laid off if they get their wish...guaranteed.

    But if they fully understand that...power to 'em.
    McDonald's actually could absorb that without raising prices one penny.
    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.

  6. #146
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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by jmotivator View Post
    Funny how the minimum wage was increased in 1968 and the unemployment rate has never been that low again.
    Funny how in adjusted dollars the minimum wage is actually lower now than it was then.

    So I think we can toss the notion that minimum wage has a major influence on unemployment.

    edit: Or maybe it does have an effect, just opposite of what you think. When the working poor have more money, they buy more stuff. This creates more economic activity and therefore more jobs. Sure, a wealthy person having more money might buy more, but doubling the pay of a millionaire doesn't double the amount of cars or houses or televisions they buy. Double the pay of five hundred wage workers instead, and you've got a different picture.
    Last edited by Deuce; 12-06-13 at 11:12 AM.
    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.

  7. #147
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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by Deuce View Post
    McDonald's actually could absorb that without raising prices one penny.
    I don't think you understand how the franchise system works. The huge corporation of Mc Donalds does not pay the wages, the mom and pop franchise operators do.

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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by sawyerloggingon View Post
    I don't think you understand how the franchise system works. The huge corporation of Mc Donalds does not pay the wages, the mom and pop franchise operators do.
    That's already been discussed and yes I'm aware. Next.
    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: Might be a delay getting your Big Mac today.

    Quote Originally Posted by Deuce View Post
    McDonald's actually could absorb that without raising prices one penny.
    Could?

    Well of course they could.

    And GM could sell Corvette's for $1 (I'll take a black ZO6 please).

    They would lose a pile...but they could do it.


    The question is, could Mcdonald's do it without cutting into the profit margin for the goods they sell?

    And the answer to that is...no.

    Revenue – Costs = Profit/ Loss

    You cannot raise costs without raising revenue and still maintain previous profits...not possible.


    And if you think McDonald's can cut profits, then you know little of stocks.

    If McDonald's starts cutting it's profits quarter after quarter, it's stock will plummet.
    Last edited by DA60; 12-06-13 at 11:27 AM.

  10. #150
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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by Deuce View Post
    Funny how in adjusted dollars the minimum wage is actually lower now than it was then.
    When you force an increase in the cost per employees you get fewer employees. The decisions on staffing are not made based on 40 years of inflation.

    What we are seeing is something that is a lot like the elevator operator jobs of the early 1900s, when they went on strike suddenly their employers found the magic of automated elevators. When you force a new minimum wage you force companies to lay off people or slow hiring. The learn to make do with fewer employees. If 40 years later you raise the minimum wage again they will cut workers and/or hiring again because that is the budget.

    Likewise take note that your example is correct at 45 years but not at 40 years. Why is it that $1.60 was worth so much less in 1973 than it was in 1968, just 5 years later? That is because inflation shot up in 1968. All the minimum wage increases of 1968 did was lead to more unemployed and higher costs for goods. Within 5 years the imaginary gains even for those who were still employed at minimum wage had been erased and the buying power of all Americans was diminished.

    So I think we can toss the notion that minimum wage has a major influence on unemployment.
    Nope, you employ static reasoning liberally and therefor miss the obvious give and take of an organic economy.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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