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

  1. #71
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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by clownboy View Post
    Corporate makes most of their profit from the franchises. Again, 80%. And the margins in small restaurant sales, especially fast food are extremely tight,
    The point is that the money is there. I'm aware of the nature of franchise fast food.
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    Re: Might be a delay getting your Big Mac today.

    So, my best friend, 7 years admin assist. for a large Corp. has worked her way up to $18 p/h. She drives 45 minutes to the other side of town because its damn hard to find a replacement job. Now she can quit, work at the Mickey Ds down the street and make as much. I'm sure she can handle burger flipping and while her income will be $24 less a day, she'll save a lot not buying nice clthes for work and driving all that way.

    I keep seeing this "living wage" stuff. At $15, that $2600 a month which is well over the welfare total. Or maybe that $15 is supposed to support a family of 5? Even at $8, you're over the welfare rate (for a single person). This makes not very much sense I'm afraid.

    This really needs to be reviewed before a catastrophic decision is made.

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

    Quote Originally Posted by sangha View Post
    Sounds like you've never worked in a kitchen. They're filthy. Grease gets all over, and then there's the rats and the insects to contend with. Ans water damage, etc...
    Meh...fast food joints...sure. But we were talking about the Wawa sandwich shop. However...they could still automate, bring in a cleaning crew for 4 hours a night to degrease, filter fry traps, etc in an assembly line burger joint.

    Or....they could keep minimum wage jobs minimum wage jobs and have teenagers and part timers do them instead of people trying to turn moping a floor at a burger joint into a family sustaining career.

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

    Quote Originally Posted by specklebang View Post
    So, my best friend, 7 years admin assist. for a large Corp. has worked her way up to $18 p/h. She drives 45 minutes to the other side of town because its damn hard to find a replacement job. Now she can quit, work at the Mickey Ds down the street and make as much. I'm sure she can handle burger flipping and while her income will be $24 less a day, she'll save a lot not buying nice clthes for work and driving all that way.

    I keep seeing this "living wage" stuff. At $15, that $2600 a month which is well over the welfare total. Or maybe that $15 is supposed to support a family of 5? Even at $8, you're over the welfare rate (for a single person). This makes not very much sense I'm afraid.

    This really needs to be reviewed before a catastrophic decision is made.
    I think the ULTIMATE goal here is to demand 15 but...OK...we'll be reasonable and settle for say 10.50-11.

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

    Quote Originally Posted by VanceMack View Post
    Meh...fast food joints...sure. But we were talking about the Wawa sandwich shop. However...they could still automate, bring in a cleaning crew for 4 hours a night to degrease, filter fry traps, etc in an assembly line burger joint.

    Or....they could keep minimum wage jobs minimum wage jobs and have teenagers and part timers do them instead of people trying to turn moping a floor at a burger joint into a family sustaining career.
    I don't think you understand the business because you are over simplifying the problems to an extreme degree
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    Re: Might be a delay getting your Big Mac today.

    Quote Originally Posted by MaggieD View Post
    I wonder if these people realize that if they're successful, many of them are out of jobs -- not because the chains can't afford it, but because for $15 an hour, they won't be settling for THEM anymore.
    Yeah, it's going to piss off all the Libbos when these workers lose their jobs to people who are actually worth $15-$20 an hour.

    If McDonalds starts paying $18 an hour--which is what I make now, doing a much tougher job--I'm going to the nearest McDonalds and TAKE one of those job from one of the clowns that has it now, at $7.50 an hour.

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

    Quote Originally Posted by Deuce View Post
    The point is that the money is there. I'm aware of the nature of franchise fast food.
    Obviously not since wages are not monolitic across franchises. The franchisee determines what they will pay employees.

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

    Quote Originally Posted by sangha View Post
    I don't think you understand the business because you are over simplifying the problems to an extreme degree
    Maybe. It HAS been about 15 year or so since I worked at a BK and Taco Bell. While active duty in the military I managed the night shift at a Taco Bell. Took us about 4 hours to do a top down store cleaning. Im sure things have changed.

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

    Quote Originally Posted by Deuce View Post
    McDonald's corporate could eat the cost of raising wages to $15/hour and not raise the price of food a single penny.

    Food for thought.
    Right.

    And then when McDonald's ROE falls through the floor and share price plummets who get's left holding the bag?

    That's right, the pension plans and mutual funds that own ~70% of MCD.

    So who really ends up paying the increased wages of McDonald's employees?

    Retirees on a fixed income and the public and private union employees who will see their pension plan funding levels drop to a fraction of their benefit obligations (most are already underfunded so this would just be a further decrease).

    More food for thought...the economy is interconnected. Publicly traded businesses don't operate in a silo.

    If you want McDonald's (and all other low-wage-paying retail franchise businesses, I'd have to assume) to deliberately take actions that are going to make them less profitable and consequently less valuable to shareholders you have to be willing to accept that that decrease in value is eventually going to settle somewhere.

    The people who will be hardest hit will always be the people who are least able to sustain a financial hit.

    Yes, executive salaries will decrease.

    Yes, the 1%ers' portfolios will take a hit.

    But the folks who will REALLY take a shellacking are the folks who have their retirement savings (whether DB or DC) in the market.
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    And the epitaph drear: “A Fool lies here who tried to hustle the East.”

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

    Quote Originally Posted by VanceMack View Post
    I think the ULTIMATE goal here is to demand 15 but...OK...we'll be reasonable and settle for say 10.50-11.
    At $10, a full time worker makes $1800 a month. If single, they qualify for nothing in welfare. If they are married with kids, they probably (IDK) eligible for food stamps. So, how does this work? A minimum wage based on family size?

    I'm not unsympathetic to the plight of lower income workers. In fact, I'm not unsympathetic to those less fortunate in general. But I see a gross unfairness as a consequence of these machinations. The minimum wage should go up based on the COL. As a SS recipient, I've gotten 2 miniscule increases in 5 years. But now we're giving out 30% increases?

    The largesse never stops for the rich and the "poor". What about us middle-class folks? You know all this generosity, whether a huge minimum wage increase or another 33M bonus for a CEO comes from us? Is that fair or don't we matter in the grand scheme of things?

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