Fast-food strikes set for cities nationwide

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Originally Posted By: bubbatime
Fast food restaurants will follow the airline model of Ala-carte pricing.

Want ketchup? .25 cents a pack.
Napkin? .05 cents a piece.
Straw? .05 cents
Sauce for your nuggets? .30/piece
Want to sit in a booth? $1/rental fee


I really hate too burst your bubble, but two weeks ago, we took our kids out to eat at the golden arches. They charged us $0.50 for a barbq sauce for nuggets. Not for an extra one, for ONE with the kids meal. They have already started it here.
 
Originally Posted By: Trajan
Originally Posted By: bubbatime
Originally Posted By: Trajan
Originally Posted By: xfactor9
Labor costs for even a small fast food restaurant can run $175k.


You of course have the ledgers to prove that?



Did you fail 5th grade arithmetic? An average fast food worker makes about 18K/year. 175K only nets about 9 fast food employees. Most fast food restaurants have far more than 9 employees.


Did you even get to the 5th grade? Again, let's see the books. Or is English too hard for you to understand?

I'm not interested in what you claim, but only what you can prove? And you have failed.


Again, 175K in payroll would be a pretty low volume fast food establishment. If you can't add that up...
 
The average ticket at McDonalds is $4.75. The average worker makes $9 per hr. According to a group of economists, raising the federal minimum wage from the present $7.25 to $10.50 would increase costs by 2.7%. To cover that increase McDonalds would have to raise the price of its average ticket from $4.75 to $4.87.

A back of the envelope calculation suggests that meeting the $15 minimum that striking workers are demanding would require that the average ticket at McDonalds be raised from $4.75 to about $5.04. Any increase, of course, would probably be phased in over 2 to 3 years.

Can we afford to pay an extra 29 cents for a Happy Meal and drink?

P.S. These calculations do not take into account the likelihood, in my opinion, that raising the pay of fast food employees to a respectable level would reduce turnover and increase productivity.

Employers interested in making money and staying in business employ enough workers to provide a level of service that makes them competitive. Companies that run short handed and cut corners on service lose market share. Furthermore, every business has to pay the same minimum wage so no one gains a competitive advantage unless a rival screws up and all will need to adjust their prices upward. Some will be more clever about how they raise prices and how they adjust their promotions, but that's nothing new.

And let's not forget that a substantial increase in the minimum wage would bolster our sagging consumer demand and provide major support to the economy. Henry Ford understood that his business was not going to prosper as a toy for the well to do so he took the amazing step of paying his workers an unheard of $5 a day so that they would be able to afford one of his cars, but people today don't seem to appreciate the importance of having customers for their products.
 
There are issues with the minimum wage though that remain. I've read both pro/con arguments to the min wage. There is a lot of material out there about it.
 
Some folks are weighing in on this on Facebook.

31e86e9de9FastFood-FakeFB.jpg
 
Originally Posted By: kschachn
You are correct, $7.35 an hour is not enough to live on. No one ever, ever said it was. Working as a fry cook at McDs is not and will not be a career.

A business' profits do not belong to the employees of the business, if there are any they belong to the owner. You all need to get this fact straight and move on. Employees are paid a wage for a job and that wage is (should be) dictated by the marketplace. Higher skill requirements garner higher wages. The profitability of the business does not factor in most cases.

If it did then I could pay lower wages when I am less profitable. But the fact remains that the business owner or owners take the risk and own the profits.

"We" cannot raise the minimum wage to whatever we want because unlike the government WE do not print money. The last time I looked the Treasury Department isn't dropping of stacks of twenties at my door, only my customers are (one at a time BTW) in exchange for a product they feel is worth the expenditure. That is a really dumb statement.


Originally Posted By: ram_man
The fact of the matter is 7.35hr is not enough to live on. And instead of a company paying a living wage we have the company letting the govt (tax payers) Picking up the slack.
Mc donalds and all those huge corporations could pay 10-12 an hour and survive just fine. The companies are helping create a entitlement society.
If you work full time you should atleast make the poverty line. When the poverty line is 24, 000 annual and the income a minimum wage employee makes is roughly 14, 500 a year there is a problem. People are being worked and worked and arent even at the POVERTY LINE. My wife for example is a shift manager for a fast food company been there 4yrs and makes 8.25hr if she works over time its not worth the time and a half because she pays so much more in taxes.
But we can raise minimum wage to whatever we want, as long as the dollar isnt backed by anything and we keep just printing . The dollar will eventually be nothing more than toilet paper.


I agree with you but here me out. Why should a bus driver or trash guy get 18+ an hour and benefits but mds employees get 7.35. And we can say a mc donalds job isnt very important....but according to the market it is , theyre pretty darn big. 15 Is ridiculous certainly. But can we agree that 9 or 10 is fair.

Do you realize all the different sorts of managers and workers mc donalds requires for one shift. Just off top of my head 8 crew, a lobby manager 3 zone manger sometimes up to 5, one shift manager 1 asst manager and during the day the actual store manager, then there is the store supervisor who comes in usually once a week. Mc donalds is so inefficient. So maybe cut down on the employees needed and pay a little more. And believe it or not atleast half of those workers dont do their job. So they are a wasted expense any way. Make the business more efficient pay a little more so the employees will actually want to work and then have higher standards for the employees.
My wife has worked there 3 1/2 years and busts her hump and makes 1 dollar more than when she started. She is a shift manager. She gets 37-40 hrs per week. No benefits or anything. She runs a shift takes care of finances for daily operations handles any complaints and babysits dumb teenagers. She cleans on her hands an knees and is a great employee and she does it because she believes in doing her job the best.
The wages are to low. In comparison to other jobs. In the last 6 years the minimum wage has gone from 5.50 to 7.35 so they could handle that no issue. Why couldnt starting at 9 be ok? There is not one valid reason.
 
Originally Posted By: ram_man
Originally Posted By: kschachn
You are correct, $7.35 an hour is not enough to live on. No one ever, ever said it was. Working as a fry cook at McDs is not and will not be a career.

A business' profits do not belong to the employees of the business, if there are any they belong to the owner. You all need to get this fact straight and move on. Employees are paid a wage for a job and that wage is (should be) dictated by the marketplace. Higher skill requirements garner higher wages. The profitability of the business does not factor in most cases.

If it did then I could pay lower wages when I am less profitable. But the fact remains that the business owner or owners take the risk and own the profits.

"We" cannot raise the minimum wage to whatever we want because unlike the government WE do not print money. The last time I looked the Treasury Department isn't dropping of stacks of twenties at my door, only my customers are (one at a time BTW) in exchange for a product they feel is worth the expenditure. That is a really dumb statement.


Originally Posted By: ram_man
The fact of the matter is 7.35hr is not enough to live on. And instead of a company paying a living wage we have the company letting the govt (tax payers) Picking up the slack.
Mc donalds and all those huge corporations could pay 10-12 an hour and survive just fine. The companies are helping create a entitlement society.
If you work full time you should atleast make the poverty line. When the poverty line is 24, 000 annual and the income a minimum wage employee makes is roughly 14, 500 a year there is a problem. People are being worked and worked and arent even at the POVERTY LINE. My wife for example is a shift manager for a fast food company been there 4yrs and makes 8.25hr if she works over time its not worth the time and a half because she pays so much more in taxes.
But we can raise minimum wage to whatever we want, as long as the dollar isnt backed by anything and we keep just printing . The dollar will eventually be nothing more than toilet paper.


I agree with you but here me out. Why should a bus driver or trash guy get 18+ an hour and benefits but mds employees get 7.35. And we can say a mc donalds job isnt very important....but according to the market it is , theyre pretty darn big. 15 Is ridiculous certainly. But can we agree that 9 or 10 is fair.

Do you realize all the different sorts of managers and workers mc donalds requires for one shift. Just off top of my head 8 crew, a lobby manager 3 zone manger sometimes up to 5, one shift manager 1 asst manager and during the day the actual store manager, then there is the store supervisor who comes in usually once a week. Mc donalds is so inefficient. So maybe cut down on the employees needed and pay a little more. And believe it or not atleast half of those workers dont do their job. So they are a wasted expense any way. Make the business more efficient pay a little more so the employees will actually want to work and then have higher standards for the employees.
My wife has worked there 3 1/2 years and busts her hump and makes 1 dollar more than when she started. She is a shift manager. She gets 37-40 hrs per week. No benefits or anything. She runs a shift takes care of finances for daily operations handles any complaints and babysits dumb teenagers. She cleans on her hands an knees and is a great employee and she does it because she believes in doing her job the best.
The wages are to low. In comparison to other jobs. In the last 6 years the minimum wage has gone from 5.50 to 7.35 so they could handle that no issue. Why couldnt starting at 9 be ok? There is not one valid reason.


EXCELLENT post ram_man! I agree with you 200%! Your wife sounds like an awesome person. It`s employees like her that keep a company running,and are their most important asset. I wish all companies would give employees like her the respect,recognition,and pay they deserve,because without them,they`d have to close their doors forever and go out of business. You should be very proud of her.
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While I agree that even McD's should pay more than min I would think that a owner would see the cost benefits of a better paid employee. Things like employees that are going to stay longer and will be more willing to be better with customers. For most companies I've been around the training of a employee is a loss situation, let alone one that feels like the job is a dead end. Maybe people would be more inclined to go to McD's if they were going to be dealing with a employee that is friendly and the place is clean and neat. Just because the pay scale goes up to say $12. doesn't mean that a burger is going to go up $5. Think about how many meals are made in a shift and how the cost spread out over them makes the pay raise minimal, especiall if the competition is having to do the same thing.
 
Originally Posted By: ram_man
Originally Posted By: kschachn
You are correct, $7.35 an hour is not enough to live on. No one ever, ever said it was. Working as a fry cook at McDs is not and will not be a career.

A business' profits do not belong to the employees of the business, if there are any they belong to the owner. You all need to get this fact straight and move on. Employees are paid a wage for a job and that wage is (should be) dictated by the marketplace. Higher skill requirements garner higher wages. The profitability of the business does not factor in most cases.

If it did then I could pay lower wages when I am less profitable. But the fact remains that the business owner or owners take the risk and own the profits.

"We" cannot raise the minimum wage to whatever we want because unlike the government WE do not print money. The last time I looked the Treasury Department isn't dropping of stacks of twenties at my door, only my customers are (one at a time BTW) in exchange for a product they feel is worth the expenditure. That is a really dumb statement.


Originally Posted By: ram_man
The fact of the matter is 7.35hr is not enough to live on. And instead of a company paying a living wage we have the company letting the govt (tax payers) Picking up the slack.
Mc donalds and all those huge corporations could pay 10-12 an hour and survive just fine. The companies are helping create a entitlement society.
If you work full time you should atleast make the poverty line. When the poverty line is 24, 000 annual and the income a minimum wage employee makes is roughly 14, 500 a year there is a problem. People are being worked and worked and arent even at the POVERTY LINE. My wife for example is a shift manager for a fast food company been there 4yrs and makes 8.25hr if she works over time its not worth the time and a half because she pays so much more in taxes.
But we can raise minimum wage to whatever we want, as long as the dollar isnt backed by anything and we keep just printing . The dollar will eventually be nothing more than toilet paper.


I agree with you but here me out. Why should a bus driver or trash guy get 18+ an hour and benefits but mds employees get 7.35. And we can say a mc donalds job isnt very important....but according to the market it is , theyre pretty darn big. 15 Is ridiculous certainly. But can we agree that 9 or 10 is fair.

Do you realize all the different sorts of managers and workers mc donalds requires for one shift. Just off top of my head 8 crew, a lobby manager 3 zone manger sometimes up to 5, one shift manager 1 asst manager and during the day the actual store manager, then there is the store supervisor who comes in usually once a week. Mc donalds is so inefficient. So maybe cut down on the employees needed and pay a little more. And believe it or not atleast half of those workers dont do their job. So they are a wasted expense any way. Make the business more efficient pay a little more so the employees will actually want to work and then have higher standards for the employees.
My wife has worked there 3 1/2 years and busts her hump and makes 1 dollar more than when she started. She is a shift manager. She gets 37-40 hrs per week. No benefits or anything. She runs a shift takes care of finances for daily operations handles any complaints and babysits dumb teenagers. She cleans on her hands an knees and is a great employee and she does it because she believes in doing her job the best.
The wages are to low. In comparison to other jobs. In the last 6 years the minimum wage has gone from 5.50 to 7.35 so they could handle that no issue. Why couldnt starting at 9 be ok? There is not one valid reason.

With all do respect....than your a fool for allowing your wife to humiliate herself by working a TEENAGERS job. Why the [censored] is your wifes inability to step up to the plate and better herself MY PROBLEM or any other consumers problem ?? So YOUR family entitled to a decent wage for NO EFFORT or education ?? Why was my family not entitled to a decent wage for nothing ?? NO we started out with low wage jobs as 16yo old kids and WORKED our way up through pay grades with education, experience and EFFORT. NOW at 30 we both work full time and make good money she a CNA and I do electronically repair and engineering work and we have a side business that employs 3 people. We are conservatives and understand the fact that nobody owes you nothing, everybody cuts there own deal, BUT i'll be [censored] if its OK for you to make $16 an hour when I had to earn an associates degree in 12v electronics to even start at that wage. If a burger flipper makes 16 that makes the $28 bucks an hour I make worth about half.
 
Originally Posted By: bubbatime

People are very conscious of their dollar and are willing to spend $6 for a value meal. When that same value meal doubles in price to $12, only about 15-20% of the population are willing to pay for that, thus sales go down and the business is no longer profitable. Businesses that are no longer profitable are called closed businesses.



HUH?

Id recommend you go trace the math that determines the pricing of the product.

Quote:
Certain fast food restaurants can achieve labor cost as low as 25 percent, while table service restaurants are more likely to see labor in the 30 percent to 35 percent range. Food costs (including beverages) for the restaurant industry run typically from the 25 percent to 38 percent range, depending upon the style of restaurant and the mix of sales


So how exactly does a 50-100% increase in wages amount to a 100% increase in the product cost, when only 25% of the cost is due to labor???
 
Originally Posted By: wsar10
Originally Posted By: ram_man
Originally Posted By: kschachn
You are correct, $7.35 an hour is not enough to live on. No one ever, ever said it was. Working as a fry cook at McDs is not and will not be a career.

A business' profits do not belong to the employees of the business, if there are any they belong to the owner. You all need to get this fact straight and move on. Employees are paid a wage for a job and that wage is (should be) dictated by the marketplace. Higher skill requirements garner higher wages. The profitability of the business does not factor in most cases.

If it did then I could pay lower wages when I am less profitable. But the fact remains that the business owner or owners take the risk and own the profits.

"We" cannot raise the minimum wage to whatever we want because unlike the government WE do not print money. The last time I looked the Treasury Department isn't dropping of stacks of twenties at my door, only my customers are (one at a time BTW) in exchange for a product they feel is worth the expenditure. That is a really dumb statement.


Originally Posted By: ram_man
The fact of the matter is 7.35hr is not enough to live on. And instead of a company paying a living wage we have the company letting the govt (tax payers) Picking up the slack.
Mc donalds and all those huge corporations could pay 10-12 an hour and survive just fine. The companies are helping create a entitlement society.
If you work full time you should atleast make the poverty line. When the poverty line is 24, 000 annual and the income a minimum wage employee makes is roughly 14, 500 a year there is a problem. People are being worked and worked and arent even at the POVERTY LINE. My wife for example is a shift manager for a fast food company been there 4yrs and makes 8.25hr if she works over time its not worth the time and a half because she pays so much more in taxes.
But we can raise minimum wage to whatever we want, as long as the dollar isnt backed by anything and we keep just printing . The dollar will eventually be nothing more than toilet paper.


I agree with you but here me out. Why should a bus driver or trash guy get 18+ an hour and benefits but mds employees get 7.35. And we can say a mc donalds job isnt very important....but according to the market it is , theyre pretty darn big. 15 Is ridiculous certainly. But can we agree that 9 or 10 is fair.

Do you realize all the different sorts of managers and workers mc donalds requires for one shift. Just off top of my head 8 crew, a lobby manager 3 zone manger sometimes up to 5, one shift manager 1 asst manager and during the day the actual store manager, then there is the store supervisor who comes in usually once a week. Mc donalds is so inefficient. So maybe cut down on the employees needed and pay a little more. And believe it or not atleast half of those workers dont do their job. So they are a wasted expense any way. Make the business more efficient pay a little more so the employees will actually want to work and then have higher standards for the employees.
My wife has worked there 3 1/2 years and busts her hump and makes 1 dollar more than when she started. She is a shift manager. She gets 37-40 hrs per week. No benefits or anything. She runs a shift takes care of finances for daily operations handles any complaints and babysits dumb teenagers. She cleans on her hands an knees and is a great employee and she does it because she believes in doing her job the best.
The wages are to low. In comparison to other jobs. In the last 6 years the minimum wage has gone from 5.50 to 7.35 so they could handle that no issue. Why couldnt starting at 9 be ok? There is not one valid reason.

With all do respect....than your a fool for allowing your wife to humiliate herself by working a TEENAGERS job.


First of all, there is no such thing as a "teenagers job." Second, there is no humiliation in working a job.

And you would do well to avoid calling people a fool. Especially as the correct usage is not your, but you are, or you're.
 
Originally Posted By: JHZR2
Originally Posted By: bubbatime

People are very conscious of their dollar and are willing to spend $6 for a value meal. When that same value meal doubles in price to $12, only about 15-20% of the population are willing to pay for that, thus sales go down and the business is no longer profitable. Businesses that are no longer profitable are called closed businesses.



HUH?

Id recommend you go trace the math that determines the pricing of the product.

Quote:
Certain fast food restaurants can achieve labor cost as low as 25 percent, while table service restaurants are more likely to see labor in the 30 percent to 35 percent range. Food costs (including beverages) for the restaurant industry run typically from the 25 percent to 38 percent range, depending upon the style of restaurant and the mix of sales


So how exactly does a 50-100% increase in wages amount to a 100% increase in the product cost, when only 25% of the cost is due to labor???


Back when I drank soda, the owner of the eatery I went to told me that his cost per serving of a medium soda was 6 cents. And he sold them for 1.50 or so.

And a table service waiter/ress doesn't even make minimum wage
 
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Originally Posted By: javacontour
Shareholders should complain when CEOs of the companies of which they hold shares get such large packages.

If they are not providing value, then they shouldn't get paid, period.

Doesn't matter if you make $7.35/hr or 7.35 Million.

Originally Posted By: Trajan
Wonder how many here complain about CEOs who make millions even as their company goes under.


Absolutely. I expect an increase in share price in excess of the market's rise just as par for the course. CEOs are employed with a basic requirement to maximize shareholder value, as is the lowest-level employee working for the company. His job is to benefit ME, and my profits are mine and not related to what his wage is. No reason a CEO should make more than around $200k based upon the logic of most in this thread, and Id tend to agree. Id rather the dollars be reinvested strategically in the business, and the CEO should be doing this better than the next guy by duty, not because of the number of zeros on the paycheck.
 
Originally Posted By: bubbatime


Absolutely true. Fast food joints will go out of business and these almost welfare protestors will be actual welfare cases.



Really? I think the latest market behaviors have shown yet again that this isnt true.

Franchise owners arent poor schmucks - $250k net worth and lots of free cash are necessities to just get started. They are opening this on the basis that the ROI will be higher than other things, including the stock and bond markets. This is a calculated risk for where to invest money.

If they pull it from one thing (e.g. fast food) the money doesnt go away. It will be chasing a return in another market, either the stock market, bond market or another franchise/business where you get a better return as youre using others' time to make profit rather than just your own.

So then another business opens and employs people, since those dollars are still chasing a return. However, in reality, food service is one of the lower risk and higher return options.

It isnt going anywhere.
 
Originally Posted By: wsar10
Originally Posted By: ram_man
Originally Posted By: kschachn
You are correct, $7.35 an hour is not enough to live on. No one ever, ever said it was. Working as a fry cook at McDs is not and will not be a career.

A business' profits do not belong to the employees of the business, if there are any they belong to the owner. You all need to get this fact straight and move on. Employees are paid a wage for a job and that wage is (should be) dictated by the marketplace. Higher skill requirements garner higher wages. The profitability of the business does not factor in most cases.

If it did then I could pay lower wages when I am less profitable. But the fact remains that the business owner or owners take the risk and own the profits.

"We" cannot raise the minimum wage to whatever we want because unlike the government WE do not print money. The last time I looked the Treasury Department isn't dropping of stacks of twenties at my door, only my customers are (one at a time BTW) in exchange for a product they feel is worth the expenditure. That is a really dumb statement.


Originally Posted By: ram_man
The fact of the matter is 7.35hr is not enough to live on. And instead of a company paying a living wage we have the company letting the govt (tax payers) Picking up the slack.
Mc donalds and all those huge corporations could pay 10-12 an hour and survive just fine. The companies are helping create a entitlement society.
If you work full time you should atleast make the poverty line. When the poverty line is 24, 000 annual and the income a minimum wage employee makes is roughly 14, 500 a year there is a problem. People are being worked and worked and arent even at the POVERTY LINE. My wife for example is a shift manager for a fast food company been there 4yrs and makes 8.25hr if she works over time its not worth the time and a half because she pays so much more in taxes.
But we can raise minimum wage to whatever we want, as long as the dollar isnt backed by anything and we keep just printing . The dollar will eventually be nothing more than toilet paper.


I agree with you but here me out. Why should a bus driver or trash guy get 18+ an hour and benefits but mds employees get 7.35. And we can say a mc donalds job isnt very important....but according to the market it is , theyre pretty darn big. 15 Is ridiculous certainly. But can we agree that 9 or 10 is fair.

Do you realize all the different sorts of managers and workers mc donalds requires for one shift. Just off top of my head 8 crew, a lobby manager 3 zone manger sometimes up to 5, one shift manager 1 asst manager and during the day the actual store manager, then there is the store supervisor who comes in usually once a week. Mc donalds is so inefficient. So maybe cut down on the employees needed and pay a little more. And believe it or not atleast half of those workers dont do their job. So they are a wasted expense any way. Make the business more efficient pay a little more so the employees will actually want to work and then have higher standards for the employees.
My wife has worked there 3 1/2 years and busts her hump and makes 1 dollar more than when she started. She is a shift manager. She gets 37-40 hrs per week. No benefits or anything. She runs a shift takes care of finances for daily operations handles any complaints and babysits dumb teenagers. She cleans on her hands an knees and is a great employee and she does it because she believes in doing her job the best.
The wages are to low. In comparison to other jobs. In the last 6 years the minimum wage has gone from 5.50 to 7.35 so they could handle that no issue. Why couldnt starting at 9 be ok? There is not one valid reason.

With all do respect....than your a fool for allowing your wife to humiliate herself by working a TEENAGERS job. Why the [censored] is your wifes inability to step up to the plate and better herself MY PROBLEM or any other consumers problem ?? So YOUR family entitled to a decent wage for NO EFFORT or education ?? Why was my family not entitled to a decent wage for nothing ?? NO we started out with low wage jobs as 16yo old kids and WORKED our way up through pay grades with education, experience and EFFORT. NOW at 30 we both work full time and make good money she a CNA and I do electronically repair and engineering work and we have a side business that employs 3 people. We are conservatives and understand the fact that nobody owes you nothing, everybody cuts there own deal, BUT i'll be [censored] if its OK for you to make $16 an hour when I had to earn an associates degree in 12v electronics to even start at that wage. If a burger flipper makes 16 that makes the $28 bucks an hour I make worth about half.


I never said 16. Also fast food is not a teenagers job. There are several older people working there. The jobs the people with an education once had are gone. A lot of jobs that once were are no more. And what are you talking about about? My wife went to college my wife has a degree in business and some schooling for vetrinary. She got the job at mcds because she was laid off from her previous job and she had to have a job. She has been looking for a better job for quite sometime there simply are none around here. No offense as I am a conservative but some of you so called conservatives only see black and white. When a corporation makes record profits yearly and they give huge bonuses to the big wigs there is no reason to not scratch the back of your workforce a little bit.
Im not asking them to pay more taxes im only asking them to pay a living wage. Im not asking for luxuries. Im saying a modest mortgage payment or rent , utility bills food gas and car insurance and some sort of phone for communication and gas and upkeep on the car.
If you work 40 hours a week anywhere and need food stamps there is a problem!! The govt is broke because they keep taking care of people because they cant work enough to take care of themselves. Welfare was designed to help everyone who needed it until they got back on their feet. Now its come to a point where anyone working fast food needs govt assistance and holy [censored] if one of those "bums" has a kid. If you work a full time job you should be able to take care of your family. The fact that many cant is a huge problem. And you can sit there with your smug face and say it not my problem but guess what your tax dollars are feeding those people because you dont think the huge corporations should have to. Pretty sad. Mc donalds would rather have all their employees on welfare than to pay them enough to survive.

Once again im not saying 15 and hour I am saying 9 or ten.
Do the math.
450 for rent
60 car insurance
100 for utilities
120 fuel
30 phone
200 food
30 random car repair
Property tax 4.16
=994.16
Money earned.
Gross= 1, 029 @35hrs a week.
Net= 919 roughly
At 40hrs
Gross=1176
Net=1046
Now keep in mind most fast food employees only work 25-30hrs there is no cable bill or anything like that. I added 4.16 per month for property tax equaling 49.92 for car personal property to pay the annual bill. Now this budget could sustain two people one car not eating very well at 40 hrs at 35 your negative every month. Thats not saving any money or anything.
So your conservative most of them are good with numbers. Do you see a problem here? Now everyone would like to have a better job but someone will always be stuck at a fast food or low end retail job. If they work hard and do a good job do they not atleast deserve to come out even every month maybe able to save 20 bucks a month. I mean lets get realistic. Im not talking small business im saying big chains they can afford to pay a little more. Look at exxon they rake in record profits every quarter do they really need 4+ gas prices?? It simple common sense.
Working hard no matter at what should result in a living wage anything less is high priced slavery. The company benefits and the worker never gains anything and has a very hard time getting out because they cannot afford to. They become financially trapped.
 
Originally Posted By: xfactor9
Labor costs for even a small fastfood restaurant can run $175k. They think a restaurant with razor-thin margins can survive if those costs exploded to $350k?

The strikers are making their own bed. If they get their way, half of them should start looking for a new job. Whoever is organizing this strike is clueless




Labor cost of $175k a year means nothing without telling us the revenue of that particular fast food joint.

If they have enough revenue to need that many workers, they may be able to afford it.

Now the head quarter may decide to cut corner elsewhere or franchisee may decide to quit, but that's free market, they need to play the survival of the fittest game just like employees. They never complain about making too much money during good time (i.e. energy price drop, food price drop) or give the extra back to consumers either.
 
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Originally Posted By: Trajan
Back when I drank soda, the owner of the eatery I went to told me that his cost per serving of a medium soda was 6 cents. And he sold them for 1.50 or so.

And a table service waiter/ress doesn't even make minimum wage


I'm not sure what point you are trying to make there, but obviously you don't understand the difference in gross profit and net profit. Selling an item with a high gross profit does not always equate to high net profit. The six cents you quoted was apparently just the product cost. Added to that would be pro rata shares of all the expenses necessary to get that product to the consumer...rent, utilities, payroll, insurance, etc.
 
Originally Posted By: ram_man
I never said 16. Also fast food is not a teenagers job. There are several older people working there. The jobs the people with an education once had are gone. A lot of jobs that once were are no more. And what are you talking about about? My wife went to college my wife has a degree in business and some schooling for vetrinary. She got the job at mcds because she was laid off from her previous job and she had to have a job. She has been looking for a better job for quite sometime there simply are none around here. No offense as I am a conservative but some of you so called conservatives only see black and white. When a corporation makes record profits yearly and they give huge bonuses to the big wigs there is no reason to not scratch the back of your workforce a little bit.
Im not asking them to pay more taxes im only asking them to pay a living wage. Im not asking for luxuries. Im saying a modest mortgage payment or rent , utility bills food gas and car insurance and some sort of phone for communication and gas and upkeep on the car.
If you work 40 hours a week anywhere and need food stamps there is a problem!! The govt is broke because they keep taking care of people because they cant work enough to take care of themselves. Welfare was designed to help everyone who needed it until they got back on their feet. Now its come to a point where anyone working fast food needs govt assistance and holy [censored] if one of those "bums" has a kid. If you work a full time job you should be able to take care of your family. The fact that many cant is a huge problem. And you can sit there with your smug face and say it not my problem but guess what your tax dollars are feeding those people because you dont think the huge corporations should have to. Pretty sad. Mc donalds would rather have all their employees on welfare than to pay them enough to survive.

Once again im not saying 15 and hour I am saying 9 or ten.
Do the math.
450 for rent
60 car insurance
100 for utilities
120 fuel
30 phone
200 food
30 random car repair
Property tax 4.16
=994.16
Money earned.
Gross= 1, 029 @35hrs a week.
Net= 919 roughly
At 40hrs
Gross=1176
Net=1046
Now keep in mind most fast food employees only work 25-30hrs there is no cable bill or anything like that. I added 4.16 per month for property tax equaling 49.92 for car personal property to pay the annual bill. Now this budget could sustain two people one car not eating very well at 40 hrs at 35 your negative every month. Thats not saving any money or anything.
So your conservative most of them are good with numbers. Do you see a problem here? Now everyone would like to have a better job but someone will always be stuck at a fast food or low end retail job. If they work hard and do a good job do they not atleast deserve to come out even every month maybe able to save 20 bucks a month. I mean lets get realistic. Im not talking small business im saying big chains they can afford to pay a little more. Look at exxon they rake in record profits every quarter do they really need 4+ gas prices?? It simple common sense.
Working hard no matter at what should result in a living wage anything less is high priced slavery. The company benefits and the worker never gains anything and has a very hard time getting out because they cannot afford to. They become financially trapped.


VERY well said ram_man
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