Some California Fast Food Businesses Raising Prices

[SkepticThinker]

Hey this is Merika, we get paid by cheCK except the elitists who get it delivered to their banks directly.

LOL I was actually thinking that as I typed "cheque."

 

[Laniakea]

I dunno. Workers getting the law changed to their benefit just seems like beating corporations at their own game.

I mean, it's not like you shed a tear when a worker and employer negotiate a contract in one legal framework, but then the company's lobbyists get the law changed to the worker's detriment, do you?

You keep forgetting the part where the workers end up losing their jobs. That means $0 per hour because $15 or $16 wasn't "good enough" for them.

 

[9-10ths_Penguin]

You keep forgetting the part where the workers end up losing their jobs. That means $0 per hour because $15 or $16 wasn't "good enough" for them.

No, you're the one forgetting: the business owners are in business to maximize profit. A closed business generates no profit at all.

Maybe they'll get less return paying their minimum-wage employees $4 more per hour, but that return is still more than the 0% they'd get on their investment if their business didn't operate at all.

 

[Laniakea]

No, you're the one forgetting: the business owners are in business to maximize profit. A closed business generates no profit at all.

Maybe they'll get less return paying their minimum-wage employees $4 more per hour, but that return is still more than the 0% they'd get on their investment if their business didn't operate at all.

Then how is closing a business and generating no profit considered to be "greedy"?

 

[9-10ths_Penguin]

Then how is closing a business and generating no profit considered to be "greedy"?

It's not. My point is that greed that's motivating these people to threaten to close if they don't get their way will also motivate them to stay open even if they don't get their way.

 

[Laniakea]

It's not. My point is that greed that's motivating these people to threaten to close if they don't get their way will also motivate them to stay open even if they don't get their way.

Let's see how that's working out:

9 Big Brands That Are Closing California Stores in 2024

With the national economy on shaky ground some of these brands are making the difficult decision to close some locations.

liteonline.com

California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday. The shuttering ends the chain's 42-year run of selling an assortment of bargain-basement merchandise.

apnews.com

Looks like it's actually happening.
Maybe it's the California politicians that are being greedy.

 

[9-10ths_Penguin]

Let's see how that's working out:

9 Big Brands That Are Closing California Stores in 2024

With the national economy on shaky ground some of these brands are making the difficult decision to close some locations.

liteonline.com

California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday. The shuttering ends the chain's 42-year run of selling an assortment of bargain-basement merchandise.

apnews.com

Looks like it's actually happening.
Maybe it's the California politicians that are being greedy.

You didn't read your articles, did you?

If you had, you would have seen that reasons for the closures are listed for most of those businesses. Want to guess how many times the minimum wage increase was mentioned?

 

[Pogo]

Let's see how that's working out:

9 Big Brands That Are Closing California Stores in 2024

With the national economy on shaky ground some of these brands are making the difficult decision to close some locations.

liteonline.com

California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday. The shuttering ends the chain's 42-year run of selling an assortment of bargain-basement merchandise.

apnews.com

Looks like it's actually happening.
Maybe it's the California politicians that are being greedy.

Yes they are closing in affluent areas because their low end product is no longer in demand as incomes rise. They still do well in poverty stricken rural areas. They are an inverse barometer of economic well-being.

 

[Laniakea]

Yes they are closing in affluent areas because their low end product is no longer in demand as incomes rise. They still do well in poverty stricken rural areas. They are an inverse barometer of economic well-being.

Their products seem to be highly in demand for thieves though. That's part of why they're closing. It's a California thing.

 

[Pogo]

Their products seem to be highly in demand for thieves though. That's part of why they're closing. It's a California thing.

Oh the shrinkage was acceptable when the stores were full but with the reduction in sales and personal, the same theft rate and lack of interest on workers parts, now it is a problem.