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Here's what fast food will cost with $17 an hour wages

Discussion in 'Sports and News' started by Doom and gloom, Jul 31, 2015.

Page 5 of 17
  1. YankeeFan

    YankeeFan Well-Known Member

    The government is not supposed to be picking winners ans losers.
     
    YankeeFan, Aug 1, 2015
    #49
  2. WriteThinking

    WriteThinking Well-Known Member

    The government, essentially, gave people what they wanted. People need to think through what they're asking for a little more before they do it, or demand to be able to make a living off jobs that are, undeniably, entry-level, at least initially.

    I think that even knowing that more goes into some of these low-level jobs than many people realize or appreciate.
     
    WriteThinking, Aug 1, 2015
    #50
  3. da man

    da man Well-Known Member

    I thought people making minimum wage were already McD's most loyal customers.
     
    Last edited: Aug 1, 2015
    da man, Aug 1, 2015
    #51
  4. amraeder

    amraeder Well-Known Member

    Everything the government does picks a winner and loser.
    Higher taxes? some people are winners, some losers.
    More highways? Less highways? Bigger amry? Smaller army? Tariff? No Tariffs? Higher minimum wage? No minimum wage? Child labor? No child labor? Drugs are legal? Drugs are illegal? Copyright protection? No copyrights? All lead to winners and losers. Picking winners and losers is pretty much ALL a government does.
     
    amraeder, Aug 1, 2015
    #52
    FileNotFound likes this.
  5. fossywriter8

    fossywriter8 Well-Known Member

    Hey, if you're paying $2,000 an hour, I'll apply.
     
    fossywriter8, Aug 1, 2015
    #53
  6. BTExpress

    BTExpress Well-Known Member

    The opposite of the way it should work.

    Employees like to feel as though they are making headway as they are putting in time somewhere. Not taking a step backward for the newcomers.
     
    BTExpress, Aug 1, 2015
    #54
  7. Baron Scicluna

    Baron Scicluna Well-Known Member

    According to this, franchisees pay $45,000 to join, and the equivalent of 12.5 percent of sales.

    Is Buying A Franchise Wise?

    According to this one, it's 4 percent of gross sales monthly, plus rent, which is another percentage. I don't know if that equals the 12.5 percent from the other source, or if it's different or varies.

    What It Costs To Open A McDonald's - Business Insider

    In other words, they're paying more of their profits to McDonald's to have the name and arches up there than they are profiting from having it. Seems like they'd be able to afford more if McDonald's merely cut their percentage down.
     
    Baron Scicluna, Aug 1, 2015
    #55
  8. Baron Scicluna

    Baron Scicluna Well-Known Member

    They've been doing it for 239 years.
     
    Baron Scicluna, Aug 1, 2015
    #56
  9. doctorquant

    doctorquant Well-Known Member

    Baron-o-nomics, in all its glory.
     
    doctorquant, Aug 1, 2015
    #57
    YankeeFan likes this.
  10. The Big Ragu

    The Big Ragu Moderator Staff Member

    People are willing to invest $1 million -- $2 million in some cases -- of their own money to buy into one of those franchise opportunities. They pay a hefty franchise fee up front, and a percentage of their revenue on an ongoing basis. There just might be a reason those franchises are valued that way by so many people in a free market.

    But yeah, the owners of McDonald's Corp. -- for example, the retirees who wait for their dividend checks -- should take less than the value of what those franchises are worth to others. ... Just as Apple should sell their iPhones for less than they do. And every supermarket should knock some of the price off of a gallon of milk. ... and everyone of us should sell our homes for less than we can get for them. ... and work at jobs for less salary than someone is willing to pay.
     
    The Big Ragu, Aug 1, 2015
    #58
  11. BTExpress

    BTExpress Well-Known Member

    If you have a 401(k), you are almost certainly a shareholder. In something. Ergo, there are many more shareholders in this country than there are minimum-wage workers. Guess whose wants are more important? (hint: it's not the latter)
     
    BTExpress, Aug 1, 2015
    #59
  12. doctorquant

    doctorquant Well-Known Member

    It's the conservatives -- and their methods [/Baron] -- who force them [/Starman] to do it.
     
    doctorquant, Aug 1, 2015
    #60
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