Some California Fast Food Businesses Raising Prices

[Laniakea]

You hear a lot of things, come back when you actually have datsa.

It didn't take me long to do your homework.

Automation is Everywhere for Small Businesses

Automation is present in the modern workplace in more ways than you might expect.

www.businessnewsdaily.com

 

[Revoltingest]

They're only losing half a job.

It's all they have.
They lose it.
You think this is a good result?

And the concern should have been why was it only half a job to begin with?

But no concern for their losing
what you call a "half a job"?

 

[Revoltingest]

It didn't take me long to do your homework.

Automation is Everywhere for Small Businesses

Automation is present in the modern workplace in more ways than you might expect.

www.businessnewsdaily.com

You're new here, & might not know what is standard.
When you claim something, it's best if you support
your claims. It's not the job of others to justify your
claims for you.
Posters often make erroneous claims, so it's impossible
for others to verify those. Your doing your homework
not only saves others time, but you might occasionally
even discover you're wrong.

 

[PureX]

It's all they have.
They lose it.
You think this is a good result?

But no concern for their losing
what you call a "half a job"?

The better result is no more full time, half pay, jobs. If we cannot produce this result in our current greed based economic system, it’s time to change the system. Your “victim” in this scenario is a victim either way. So let‘s stop pretending that greed will save him, and start putting his well being above the greed and selfish stupidity of capitalism run amok.

 

[Nakosis]

McDonald’s CEO Chris Kempczinski's compensation package was over 20 million dollars in 2022. Chipotle's CEO Brian Niccol: $17.2 million.

And so on. Maybe the CEOs can put their heads together and figure out how to ensure their workers receive a decent wage without a fast-food apocalypse, no?

The CEO's don't care about employee costs. They rent lease the land to the franchise and charge whatever for the supplies. It is up to the franchise owners to make a profit after they payoff McDonald's corp. Worst comes to worse, they close the restaurant and sell the land at a profit. The only person that loses out is the franchise owner and the employees out of a job.

 

[Revoltingest]

The better result is no more full time, half pay, jobs. If we cannot produce this result in our current greed based economic system, it’s time to change the system. Your “victim” in this scenario is a victim either way. So let‘s stop pretending that greed will save him, and start putting his well being above the greed and selfish stupidity of capitalism run amok.

I'd hate to see your system "run amok".
Government controlling everything.
Low skill workers made permanently unemployed.

 

[PureX]

I'd hate to see your system "run amok".
Government controlling everything.
Low skill workers made permanently unemployed.

Well, you have to run to the most extreme and negative scenarios to keep propping up your failed greed based system. So of coarse you “hate to see” it. What you really hate is that there might be a better solution to greed run amok than glorifying greed running amok.

 

[Revoltingest]

Well, you have to run to the most extreme and negative scenarios.....

Look who's talk'n.
You propose the most extreme of ill considered solutions.

 

[Twilight Hue]

They're only losing half a job.

And the concern should have been why was it only half a job to begin with?

I have to admit.

Well said.

 

[Revoltingest]

Well said.

If one has no respect for low wage workers.

His argument in a nutshell....
"It's immoral to pay you less than what you need to live."
"So when you lose your job, & have nothing to live on,
this is good public policy. **** you."

 

[Kfox]

Well most of us knew that these businesses would have to raise their prices due to the increase in wages they are being forced to pay, now it looks like it is or will happen. Are you suprised that they did? So what now Califormian?

Burger King, In-N-Out and other chain locations in California raise prices after minimum wage increase: report

Prices for burgers, fries and other fast food items have increased at various chains across California after the state minimum wage increased, per reports.

www.foxbusiness.com

Starbucks, Chipotle, McDonald's: Who's raising prices as California fast-food law starts today

Fast-food chains are looking to hike the cost of menu items because they're required to pay their employees $20 an hour starting Monday.

www.latimes.com

Why some, but not others? Why not just raise the minimum wage for all businesses regardless of fast food or not? This doesn't sound fair

 

[Kfox]

They're only losing half a job.

And the concern should have been why was it only half a job to begin with?

Lots of jobs are part time; many people prefer part time jobs in order to work opposite of their other job, or due to obligations at home.

 

[PureX]

Lots of jobs are part time; many people prefer part time jobs in order to work opposite of their other job, or due to obligations at home.

Only the pay is 'part time'. The jobs are not.

 

[Twilight Hue]

Why some, but not others? Why not just raise the minimum wage for all businesses regardless of fast food or not? This doesn't sound fair

Because they know if they did , the same that goes on with fast food will then be across the board.

Prices will be out of control by the greedy passing it on consumers rather than being a human being and absorbing the costs themselves which for most businesses is certainly doable.

 

[Twilight Hue]

Since 1971 the average CEO pay has ballooned 940% . Let that figure set in for a moment.

CEOS pay vs worker pay has sat at 320 to 1.
Let that figure set in for a moment.

This was sourced back to an article in 2021, about 4 years ago...

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

I'd like anyone telling me that a successful business cannot afford to pay its workers a living wage creating hardships for said business.

 

[crossfire]

I hear a lot of places in CA are going to simply go out of business due to this increase. The smallest ones would be hit the hardest; ones that can't afford to automate, or were already struggling.

I don't think the corporate chains would be willing to give up their market share of such a large economy as California. As for the corporations who are not willing to pay fair wages, then good riddance!

 

[Kfox]

Only the pay is 'part time'. The jobs are not.

No; the vast majority of fast food work is part time work, and part time pay. If you disagree, provide examples where it is not.

 

[Kfox]

Because they know if they did , the same that goes on with fast food will then be across the board.

Prices will be out of control by the greedy passing it on consumers rather than being a human being and absorbing the costs themselves which for most businesses is certainly doable.

IOW they should not be doing this at all?

 

[Kfox]

Since 1971 the average CEO pay has ballooned 940% . Let that figure set in for a moment.

CEOS pay vs worker pay has sat at 320 to 1.
Let that figure set in for a moment.

This was sourced back to an article in 2021, about 4 years ago...

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time

The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.

www.epi.org

I'd like anyone telling me that a successful business cannot afford to pay its workers a living wage creating hardships for said business.

Okay; let’s do a little math. The average McDonalds store has approx 30 crew members and the owner makes approximately $150,000 per year profit from the store.

How Much McDonald's Franchise Owners Really Make Per Year - Mashed

McDonald's is the most successful restaurant in the history of the world. How much does a McDonald's franchise owner really make each year?

www.mashed.com

In order to give everybody a $5 per hour raise, it would have to come out of the owners profit. If the average worker works 25 hrs per week, that would be a weekly increased cost of $125 per person ($5 X 25 hrs) or $6,500 per person per year. To give this additional $6,500 to all 30 crew members will cost him an additional $195,000 per year; ($6,500X30) which is far more than the $150,000 that he makes. Is that hardship enough for ya?

 

[Twilight Hue]

Okay; let’s do a little math. The average McDonalds store has approx 30 crew members and the owner makes approximately $150,000 per year profit from the store.

How Much McDonald's Franchise Owners Really Make Per Year - Mashed

McDonald's is the most successful restaurant in the history of the world. How much does a McDonald's franchise owner really make each year?

www.mashed.com

In order to give everybody a $5 per hour raise, it would have to come out of the owners profit. If the average worker works 25 hrs per week, that would be a weekly increased cost of $125 per person ($5 X 25 hrs) or $6,500 per person per year. To give this additional $6,500 to all 30 crew members will cost him an additional $195,000 per year; ($6,500X30) which is far more than the $150,000 that he makes. Is that hardship enough for ya?

Nope.

Here's what it costs to open a McDonald's restaurant

It costs a lot of money to open a McDonald's restaurant.

www.businessinsider.com

Even since 2014, the average franchise makes around 2.7 million in profit after expenses annually. It's easily affordable as a business expense with only a modest hit to its profit.