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So if it added “.06 to the cost of a four dollar hamburger” to pay people a living wage, why are we not doing this everywhere?
Is it millionaire greed? I bet it’s millionaire greed.
Brad Close, CEO of NFIB (National Federation of Independent Businesses). NFIB speeds more money lobbying to keep people poor (124 million) than than take in each year (113 million).
Brad makes over $480/hr (or 1 million dollars a year) to lead a company that tells the government you shouldn’t make more than $7.25/hr. He must be 66x smarter and more productive than those making minimum wage.
That’s just one example, look up Serv-Safe and the National Restaurant Association. It’s not an accident these workers are poor, it’s on purpose.
Is it millionaire greed? I bet it’s millionaire greed.
Close, but it’s billionaire greed. Those fractions add up to a second summer home/yacht at the end of the quarter. You think they’re gonna just give that away so peasants can (barely) earn a living??
I’m fine with min wage so long as it is handled by hard research and science and not politicians or lobbyists. Although even scientists can be corrupted but at least it is backed by verifiable facts.
I’m not! Scrap minimum wage! Enact a livable UBI (also established by hard research and science and not politicians or lobbyists) and let the Free Market decide what a job is worth!
I think you should be more grateful for minimum wage than you realize, because if capitalism had it way we might end up with a hourly wage of $0,02 or even less maybe. The problem isn’t the existence of a minimum wage it’s the amount that’s connected to it. Don’t believe me? Look at the amount prisoners or illegal immigrants make an hour.
You missed the UBI part of his statement I think. You don’t need a minimum wage if people can survive without working.
If I could sit on my ass, or work for $0.02, I’m going to sit on my ass.
That is the pipiest of pipe dreams, at least in the US.
Agreed. That’s my motto for everything in life.
Because they sell a massive amounts of hamburgers and that cost savings is valued higher than some wear part humanoid asset to the AI generated spreadsheet some C suite Connie approved automatically with their risk assessment digital personal assistant.
Is it millionaire greed? I bet it’s millionaire greed.
For the same reason I will shit on billionaires any time they get a headline for a charitable donation. The rich are fucking vampires.
It shouldn’t have cost consumers anything.
The mark up on fast food is ridiculous and the only reason that the companies, and more specifically the franchises, haven’t just absorbed the increase in labour cost is pure greed.
But… most people and even you won’t cut your own income/salary/increments to increase the salary of low-income workers. If not, they would have done so voluntarily.
Did you ever reject your pay raise and ask the boss to give a raise to the low income staff below you instead?.
The money is not divided between you and them, you shouldn’t have to reject your own pay rise because that is not the reason the low income staff is earning too little. Also, what makes you so holy then?
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Revenue Per Employee doesn’t actually have to be 1000x their wages.
Revolutionary study. Next you’ll tell me the sky is blue
They’ll still further increase prices citing this as the reason to maximize profits further, knowing consumers don’t actually shop around much.
All these fast food places seem to have forgotten the place they sit in the economy. They’re now the cost of a regular restaurant in many places, and often take just as long now. They just happen to have a drive thru window, and even that’s not a guarantee for many of them anymore.
Why should I pay McDonald’s $15 for a burger meal when I can get the same thing at the same price from a better quality fast food place, or an actual restaurant burger for the same price?
The only reason people are still going there is because they haven’t looked around to realize that other businesses haven’t inflated their new prices under the guise of inflation the same way, and those other options are now a much better deal.
Stupidly enough, I believe that paying employees more actually results in higher profits for the company long-term!
If an employee isn’t stressing about making ends meet, and rather can focus on taking pride in their work because they feel respected, then it would show in the presentation of the food, and upkeep of the restaurant.
Cleaner, friendlier restaurants where the food looks (somewhat) like what’s advertised will see an increase in traffic and therefore revenue.
We should keep pushing for higher min wages until it is cheaper to use automation, self checkout and etc. It is sad to see workers struggling at restaurants, preparing burgers and cleaning tables. no one should be doing such menial work.
Other than tech, low min wage is one of the things holding us back from full automation. High min wage will accelerate automation hopefully.
It should stipulate it has to come out of salaries of any above a certain threshold from the lowest paid full-time employee. No more run-away pay. If you want to get rich you gotta make sure the lowest down can at least afford to live.
$20 minimum wage impact per burger is minimal, like under 50 cents. What’s the excuse for COVID prices still being in effect? Supply chain problems my ass.
