Here's what none of these fast food owners will say... They'll pull out of the states with these idiotic laws. Why is someone with basically no skills worth $15/hr?
+Mike D You might be right about that. Maybe. But why such a big jump to $15/hr? I haven't heard a good explanation for that. What about $11, or $13.26, or even $9.64 with a COLA every year like the federal workers get? Do you really think every fast food worker is worth $15/hr, or even most of them? These workers don't have union protection. I'd think it would be much harder to keep a job at $15/hr. You'd better never call in sick or be injured or your butt is out the door: there will always be a line of people waiting to grab your job.
Because that's where it needs to be to even begin to keep up with inflation. It SHOULD be small jumps, but it's been so long since we raised it that now it needs to jump straight to 15. Yes, I absolutely think they are worth $15.
Mike D It's not going to help. If the grocery store raises the employees pay, the prices of food raises. If McDonalds raises their employees to $15 an hour, the price of a quarter pounder will be $10.
That's not how it works. That's not how it has ever worked. Minimum wages DON'T cause inflation, but inflation DOES (should) cause minimum wage increases.
So I'm self employed, and I hardly make 1,000 per month, and I live just fine. The trick is not to buy shit. I fish, and grow my own food, and don't put much money besides rent back into the system, it just sits in a safe. It's that easy folks.
+Lroy Johnson or let's be the dumbass, and still get paid allot less than what we earn, and let franchises bleed this country dry for the benefit of the profit makers. Average GDP is 22 bucks a hour, most people get paid half that, and prolly make more than 22 GDP in the service industry. The fact is franchises as profit ideal for everyone does not work. It's a pyramid scheme, and you need to get more educated on why the pyramid scheme is taking money from the store, that they can use pay their workers more, that them workers can buy that very stores products. Not give more to the CEOs, and administrators.
Obie Pimentel all pay is based on min wage.everything WAYS GOs UP in price..BUT WAGES. so whats the ansewr? Are these GREEDY CORP going to lower prices?? What a fukn joke! Listen..look at corp profit margins..theee ONLY DIFF. TO THESE PIGS IS HAVING 10 LEXUS' NOT 20. FUKOV!
Loredo Mattoni, if these corporations were getting 500% profits then wouldn’t that attract more competition? Or wouldn’t their existing competitors just lower their prices to, say, 400% profits and take all the market share from the company with the higher profit margins?
Here is my story. I was a fast food minimum wage worker for my first real job because I had no experience and that's all I could get. I worker there for about a year or so and I was able to get a call center for a few more dollars an hour. I worked that job for a year and I was able to find a better call center job for a better company that pays another $2 an hour. I proceed to work hard and perform well and get many promotions and raises over 2 years. So basically over a 4 year or so period I went from minimum wage to making 3 times what I was making. I worked hard, spent dozens of hours looking for and applying for better jobs while working and I never asked for a hand out.
When was that though? The comment alone is from a year ago. Upwards mobility is not much of a thing anymore as less companies are willing to train entry level workers and want them to be experienced right out of the gate. You could work a job for a decade and never see that promotion as employees as a whole are less valued than they used to be, especially since there are more people than there are entry-level jobs. Not only that, but many jobs, including call center jobs are becoming obsolete due to serious advancements in AI. I’m happy that things worked out for you, but how is someone supposed to follow a path like that in 2019?? For what it’s worth, no I don’t agree with the $15 minimum wage. Still, your comment seems to come from a place that is somewhat devoid of the reality that many young Americans are living today.
@@punkgrl325 Retail and fast food, service industries, was never ment to create a "livable wage," it is where a business hired a person, mostly part time, to pick up extra work to free up employer to do other things. These were filled by teenage kids in high schools, college or someone needing extra cash. They are not ment to be a career. The career in those fields are limited. By creating this wage people lose the drive to go out and get a better paying job. I know when i was first married i could barely make it on fast food. With a wife and child i had to do something better. Went back to school got my degree and 20 years later getting ready to retire making that livable wage. I can't see paying a group of individuals $15 to fix a sandwich, and put it in a bag, or go look in the back for an item at a dept. Store. Americans have lost their will to succeed. They want someone else to do it for them. I tell my students all the time, "No one is going to hand you a million dollars because you are cute, you have to go out and earn it." Seem I may be mistaken.
butterstix 24 companies are not willing to train entry level workers because the workers are demanding $15/hr. You see the problem right there? Remove minimum wage and see if same companies won’t burst out training people
If your order is wrong just contact corporate and they'll give you free stuff. If I still ate fast food I'd WANT my order to be wrong, at least occasionally.
THIS. 50% of the time I either don't get what i ordered, get ignored or told to wait for half an hour for my "fast food". Talk about false advertisement.
So telling the truth should result in lower pay? Does that mean that lying should result in HIGHER pay? The CNN anchors will love that at contract time.
I agree, actually, and I'm pretty liberal. I wish more CEOs were like this. Yes, I feel it's fair to up salaries to $15 in increments, over several years, to give her company time to adjust. That seems a very reasonable concession to me. I also think it's reasonable that they're considering using touchscreens instead of cashiers. While employees losing their jobs sounds scary at first, you have to understand that not everyone who gets hired wants to deliver fair work for their pay. When these machines come, the first ones to get the axe will be the laziest workers. I don't find it unreasonable to give lazy workers the boot to give hard workers a higher salary.
Most Hated she is getting paid what the board thinks her work is worth. If they could get someone just as effective for less money, they would. Also, her individual salary is a drop in the bucket. If she gave it all back, and they split it up between employees I doubt they would see even a penny each...
The minim wage has not kept up with the cost of inflation. The minimum wage in 1980 is worth over $4 an hour more in today's dollars than the current federal minimum wage. It needs to at least match inflation or people essentially get a pay decrease every year.
Hmm. And you dont sound entitled at all. Just so you know, minumum wage hasnt increased even close to the rate inflation since you were young. Hows that for economics prick.
Rent is $1200 a month. Thats how much you make at a 40 hour a week job a month. How do you make it? Get 2 40 hour a week jobs? So work 80 hours a week? Whats the point of living all you do is work
You're doing it wrong. You need to get on Craigslist, for cheap rent. I'm renting 1/2 of a house including garage space, in a very nice neighborhood, for $825. Rent for apartments in my area is around $1,500.
Also part of the reason that rent and other prices have gone up so much is because of inflations that is largely created by raising minimum wage. That’s what minimum wage increases do, cause inflation and make people’s money who actually worked hard to save over the years worth less.
bad gov policies end up pushing businesses away.. then the left over from businesses (service) are criticized for low wages, when the bad gov policies created the situation
B Moon The Minnesota governor raised taxes on the rich and raised the minimum wage a couple dollars higher, and a couple hundred thousand jobs have been created. it turns out when people earn more, they can spend more. but a RU-vid comment won't change anybodys mind. but just look into it if you get a chance.
I read about that.. Temporary positive things can happen. However economics proves such policies have unintended consequences down the road, such as the lost opportunity cost, etc
ExperienceItStudios if you look into it, what actually cause such an uproar? was the increase on trend if looking from the past? below the projections? how can you see the uncreated jobs? you can’t. the growth can be attributed to a number of factors and we could have stifled the great growth into just some nice growth. we cannot see what we stopped to create.
If you can't pay your employees enough to get by, then you shouldn't be in business. Also, all these larger companies can of course afford to give all their workers a raise
Rusty Shackelford Based on her speech pattern, teeth yellowing and the wrinkles above and beside her mouth are indicative of tobacco use via cigarettes.
One thing places like Popeyes will do, if forced to pay 15$/hr, is to hire bona fide 15$/hr employees and eliminate the low-skilled, low-wage people. Another thing they will do is to invest in automation that prviously had too long of an ROI with labor at, say, 10.50$/hr. Now, at 15$/hr, those robot-like devices look much more attractive. Either way, those advocating for 15$/hr don't have the best interests of the low-wage people in mind.
yes. one of two things will happen. these places will automate (which has other benefits as well. liability wise, no bad attitudes etc..) or raise prices. so now the clown making $15 an hour, gets off work and goes to popeyes for dinner and guess what? that dinner now cost him $15. Raising the min wage too much will destroy the economy. I also love how people always go to the "well the owner should cover it, or the CEO should cover it" WHY SHOULD THEY? The owner deserves the profit, he's the one that took the risk. He's the one who has to bear the losses. The CEO earned that position from education and hard work. My thinking is if you are jealous of a CEO, then become one. No wait, that requires hard work. never mind.
the market should determine the minimum wage not the government. how would you like it if the government came to you and said you are now going to pay 3 times as much for your electricity? sound fair?
OK then the government says you now have to pay 65% taxes. is that easier for you to grasp? again. have YOU ever owned a business? If not then you really don't know what you are talking about. you are obviously a socialist, but this is a capitalist country. I agree there has to be a minimum wage to protect rights, but not at the expense of the economy and the rights of business owners.
why are you changing the subject? it's not the federal governments right to impose on businesses rights. it's the peoples rights to not work for crap wages. you say boosting profits what you want is running companies out of business. capitalism breeds innovation. if you "abhor it", why don't you just move to a socialist country?
I've been singing that Garth Brooks song. " Thank God for unanswered prayers. " I tried to tell as many people as I could that the $15-hr wage was going to hurt them in the long run. Well they didn't listen, and now I'm going to GARAGE SALES and buying all of their shit dirt cheap.... Thanks Garth... LOL...$$$$$$$$$$$ Merry Christmas to ME ;-)
$15 US per hour minimum wage? I am automation programmer in Canada and I make about $17 US per hour. So I can see why the companies are automating. The amount of money they will save automating things is much more with a higher minimum wage. Also someone in a skilled trade earning $15.40 per hour, may decide to become a cashier at Target for $15 per hour, especially if they are unemployed. The low income earners want more money per hour, but that means skilled and educated workers will be earning less by comparison. Really fighting themselves out of the job.
That's right. That skilled person making 15.40 most likely has better work habits and decision-making skills than the 9.75 employee. If forced to pay everyone at least 15.00, Target will pick the high-skilled person. The low-skilled worker loses.
Take it one step further, skilled person goes back to previous job at around $20.00 hour, low-skilled worker works at 15.00. Inflation rises 20%. Thus the money is now only worth around $14 and $8 per hour respectively, both people lose. Battle for min wage $20 per hour begins.
How come no one mentions bring back real jobs? Even if you paid the CEO $35/hr that's not enough to give all the workers $15. Yes we need living wages, but we need the jobs that pay those wages. Stop asking companies that offer low skilled work at low wages to provide a living wage. Instead ask law maker and big unions to make it possible for real jobs to return to the our country. It's common sense people!
I got $14.53 a hour for doing both back breaking work and sophisticated technical work in maintenance. Being in my 50's I was afraid I would burn out in 5 years doing it. This was about 10 years ago. In my twenties thru thirties I could of done this work easily but that is what I could find. When I was a teenager, I was also doing back breaking work such as mucking ditches and digging post holes for $1.25 and hour. Admittedly I was given room and board as well, but it does make me think of how ridiculously demanding some people are. My wages were non-negotiable.
No, regulate skyrocketing housing costs! People are focused on hardworking people earning $15 when reactors are charging $3000 for a bum ass studio apartment. Give me a break!
"The beginning of wisdom is to call things by their proper name." Minimum wage is and always will be $0 an hour. Mandating a wage is simply saying those not worth $X can not be hired. Those worth $X/h do not need government to mandate wages in their behalf.
so your saying it should be $10 / hr .... LOL because "X" in Roman numerals is TEN!!! but yes the minimum wage is $0.00 ...any less and it won't be called a Job it would be called a HOBBY ...hahaha
You know nothing about negotiation. It's very easy to argue someone who wants $15 down, when there's plenty of people who do half the work for half the wages to replace him. Companies have no incentive to raise his salary, but he has every reason to accept a lower wage; he needs a roof, and food, etc. There is a power imbalance, and power imbalance is a mighty tool in negotiation. As I'm of the opinion that hard work ought to be rewarded, I don't have a problem with mandating that those who are only worth 7/hr can't be hired.
martinez1701a So you are saying that you are not forced to keep your job whatso ever? Your lifestyle would not change and you could pay your bills and have food it you left your job?
Donald j Chump are you serious? These people work fast food I think they should be replaced by machines who will get shit right 100 Percent of the time
If I were a chicken and I knew my time was ever so limited, I'd want to be fried up at Popeye's so a family eating me could say, man oh man are you one tasty bird! Holy shit!
Minimum wage should not be anywhere near $15 an hour. Hourly rate is only worth the value of the job itself. A cashier at Popeye’s is not worth $15 an hour. Seriously cannot wait when touchscreens and kiosks become more common than it already is now
I would never pay any employee $15 per hour. There's not one person working fast food that can't take 15 minuets and clean the tables, floors and restrooms, It doesn't even dawn on these people that their store is a s***hole.
Customers pay wages, not employers. Raise the minimum, if you still have a job, you're paying more for everything. The problem is not the minimum wage not being a living wage for workers. The problem is the economy sucks & there's no jobs for them to move up to. Raising the minimum wage kills the job market.
Al Pollick ok..then lower cost of everything that goes up in price..by the minute? Thatll NEVER HAPPEN. WAGES NEED TO FIT COST. Ppl are wrkn 2jobs for the bare min in life. Sooner or later NOBODY WILL BUY UR SHIT..CAUSE THEY CANT KEEP UP W CORP GREED.
When you go to a low paying job , why are you fighting for a hire wage that job pays that price anymore higher , effects the cost on what you sell . Want better paying job educate yourself and find a better job then flipping burgers.
Minimum wage is only for those for minimum skills. It was never intended as a living wage but a side job or a first job. People have such an inflated opinion of their worth. Personally I run a small store with about a dozen minimum wage workers. Most are college students and I know none will be staying . Who would want to spend their life packing groceries or stocking shelves. When the get more efficient I'll give them 3 or 4 dollars in raises because they've earned it. Most people realize that a lower minimum wage keeps costs low and is an incentive to work harder and learn more.. my first job was scraping pig manure for 5 and hour in the Summer
I have a program I implemented with my business that will pay for any crisis situation that arises while working for my company. For example If someone has a car accident and they have no means to pay for it, my business steps in and pays for a new car for the value of the car they had. Most people are 1 small thing away from poverty. I take care of my employees to the core. I also provide them with 90% dental, health and vision paid by my company. My goal is to never say that any of my employees are sleeping in their cars homeless. I also always pay my employees more than what rent cost. I have been doing pretty well because my employees are highly loyal. Although I'm a medium sized company, I will strive to be a large corporation one day to change the way employers treat employees. As a business owner that is making quite a bit of excess money due to the labor of my employees, it is my responsibility to take care of them. If you cannot afford your employees, you should not be an employer. I know I am a minority in this world even more so because of the way i treat my employees.
just as your clients buy your things, you buy your employees labor. you also do a little bribing to work harder lol. in some sectors this is possible and others it is not. it is nice to hear that such a benevolent employer is doing well. good luck
Why not put all employees on salary pay + profit sharing? That way labor costs are fixed and employees can plan on a steady paycheck with a good bonus check if sales are good. This would motivate employees to work faster to increase sales. Customers get faster service, employees are fairly paid, and employers stay competitive. Everyone wins.
If businesses hadn't spent so much time and money over the last 40 years lobbying to keep the minimum wage down we wouldn't be in the position we are in now where we have to double people's salaries to catch up.
Anybody who thinks a mandatory $15/hr minimum wage has no effect on the economy is a damn idiot. Unlike the government, businesses cannot raise taxes to meet expenses, borrow with no intention of repaying, or print money without restrain. Businesses can only make money by providing goods or services which the consumers want, are willing, or able to pay. When businesses cannot pay the higher minimum wages ordered by the irresponsible government and still make a profit at their current prices, they must either raise prices or cut labor costs (layoffs, automation.) My prediction is ubiquitous robotics, both in service industries and in "returning" manufacturing sectors, and much higher unemployment.
Average Popeyes's earns its franchise owner around $250k a year. Labor costs are a little more than that, so nearly doubling the pay of its employees would clear out all that profit. With kiosks and a 5-10% increase in food costs should more than cover payroll.. As a consumer I am not opposed to this price hike at all. And as a franchise owner you will get the benefit of being able to hire quality employees and your customer service and efficiency will improve making you more profit in the long run.
+Darrell May If you choose to not develop more skills to find better paying jobs in the future, why do you deserve a higher wage for a low skilled job not meant for long term living?
Three people involved according to the CEO: 1. The employee 2. The customer 3. The franchise owner (4. The parent corporation - She forgets to mention the parent corporation that takes a percentage of profits from the franchises) Min wage hike apparently leaves them only two options according to the CEO: 1. Raise prices for the customer 2. Cut hours for workers Yet, there was one other option she didn't mention, reducing the profit for the franchise owner, nor did she explain why the parent corporation couldn't lower the franchises payments to them to ensure that all party's receive maximal benefit (as I know many franchise owner's have large loans, but she didn't even mention it briefly), as I presume that the Popeye's parent corporation isn't just barely making a profit to stay afloat.
I love Popeyes Spicy chicken. But we've moved to another state and in the little town we live in only has one Popeyes, and it is not good. The chicken is overly greasy, the service is horrible, they always seems to be out of something you want. I've eaten there 4 times in the 1 year that we've lived here, and had a problem of some kind every single time. Our old Popeyes, we never had a problem there in over 8 years. I want my old Popeyes to move here! 😣
No such thing as a minimum wage, but only wage that a business can afford to pay you. The minimum wage is deeply rooted in the eugenics movements of the earlier 20th century, which came about as a reaction to the demographic changes that were taking place in the united states and all of western Europe. the movement was racist and was completely hostile to free markets because they knew that this was the best way in which minority groups or people in general could succeed. Raising the minimum wage ends up hurting small businesses and deprives young entrepenuers/employers, who hire half of our total labor work force, from the incentives of starting their own businesses. It ends up hurting the most low skilled workers......... young black teenagers. If your value output only produces 8 dollars worth of goods and services, why would a business pay you 15 dollars ???? That would be charity work. 60% percent of the poor dont even have a job. So how is raising the minimum wage going to help them ??????
@@MrJerm200 tipping good service and not tipping bad service creates a good living and good service. Paying more just means higher costs, and will not effect service. Most crappy workers will be just as crappy at $15/he as they are at $8/hr. The rest will be replaced by automation.
Popeyes chicken is already expensive. For the same price i pay for a 3 pieces meal... I can go to walmart and buy 5 lbs of good quality chicken breasts for 10 bucks
They will try to cut hours and increase price. When they know all the have to do is let their franchises keep more if the money "they" made. Franchises is reason we are stuck in a bad spot.
What's funny is they that could afford 20$ an hour and still make a million+ per year after taxes. In the end, the owners/CEO/Stockholders would rather just fire everyone and use robots, leaving those people jobless and unable to support their families. To those of you that say these workers are unskilled... have a little respect for the ones that truly put in maximum effort.
Peaceful Hooligan those few that actually put effort and have good work ethic, they’re being valued and those are the people who get raises because they earned them. The rest need to get my order right and not have an attitude.
Peaceful Hooligan No praise should be given where it’s not deserved. No they cannot afford $20 an hour for their employees. I own 3 fast food restaurants. Profit is made by attrition. For Dummies like you that means selling a lot of 🍔 hamburgers for a small amount of profit. Just like Sam Walton , the founder of Walmart said in his book. If you sell one million cans of green beans for 2 cents profit per can the only way to become wealthy is to sell millions and millions of cans. Thats how he became wealthy. The more stores he has equals the more cans of green beans he can sell at 2 cents profit per can. You know absolutely nothing about finances. The more hamburgers I sell the more profit I make. Its all about volume. Not raising prices. The $15 per hour dream will not work! It’s actually very laughable!
I worked as a chemical tanker driver in Florida. We were paid by the load. We needed CDL w hazmat/tanker endorsement. Regulations were added to our industry consequently taking money out of our pockets. At the end of the week I saw that I was averaging $13.45/hr straight time. The point that I’m trying to make is we were paid less than $15/hr and the job had experience, license, and certification requirements. Why should an unskilled McDonalds employee receive $15/hr? I do agree that wages in certain fields are too low for an industry standard.
The difference is all these people are educated and moved up the economic ladder as every American has the opportunity to do. More than likely these people worked for minimum wage when minimum wage was actually $4...in high school and college. I worked In subways in high school, had the good sense to further my education and career.
paul sawczyc you’re aware that these people didn’t start out in these positions right? They had to develop their skills which took a lot of patience and hard work
A Font people are born in different situations and with less opportunities and money/resources for education. Some people get impossible situations, and some people get great situations. Some people get lucky and their hard work lets them socially progress, some people don’t get rewarded at all. Don’t completely blame those people when they grew up in situations you can’t comprehend yourself (I’m not saying your dumb, I’m saying that you don’t know what that situation is like)
Im sorry but when company post billion in profit and then say we cant afford to pay a basic min wage with out increasing cost I want to ask if there stupid. As for franchise it called lower your cost of how much you charge them. It company greed
The problem is "fair profit" for business owners. Its never good enough. They never make enough to satisfy themselves. Bottom line-Greed. The other problem: Inflation keeps going up and wages never keep up. Ever seen the prices for fast food lately. They keep increasing. That is all they will do. The owners will never lose.
Dude...you would want and act the exact same way if you happened to OWN one of these franchises. There is NOTHING wrong with wanting more money, its called capitalism. Any even though the left acts like they HATE capialism, answer me this: why do the people south of the US want to come here??? I'll tell you why: for a better life. What gives people a better life? I'll give you two principles of capitalism: Risk and hard wrong. Socialism doesnt require those things that why it fails. So pull up you panties and see if can make somethinf of yourself instead of bitching about the white man.....Prove yourself. Make yourself valuable to the marketplace.
Seriously?! I'm liberal and I think the idea of a $15 minimum wage is stupid. You're not supposed to get a minimum wage job and stay there forever. Honestly ppl like this give liberals a bad name.
$15/hr doesn’t work. Do they even realize that’s $3k a month for 1 employee with no benefits? A small store with 2 full time employees is $6k. If you travel as much as I do, you will soon realize that’s not doable in 90% of the country. All these small businesses will close down and it prevent new businesses from starting up due to cost. That kills the economy. Destroys interns, eliminates on the job no experience paid trainees, etc. Lower minimum wage allows businesses to hire and train inexperienced people. No businesses will blindly invest in a 18yr old with no experiences at $15/hr. This basically will wipe out the younger inexperienced demographic.
I am currently living in Germany, where taxes are 19 percent. Most restaurants are not open every day of the week and they are open for lunch and dinner. McDonald's is open, but has automated machines taking most orders.
Wouldn't do much, actually. You are talking about a 50% or greater labor expense in a labor-heavy industry. You could pay the executives nothing and you'd still have a massive way to go to paying for that increased expense.
I don’t get it why is it only in America you can’t pay a living wage for fast food workers. In Denmark McDonald’s pay their employees 20 USD pr hour. And they still earn extremely a lot of money.
How much is a hamburger with fries and a coke there? It's about 8 or 10 bucks a meal here. takes 20 or more just to feed 2 people at ANY fast food places these days.
If they have a higher payroll, it drives up cost of operation, which drives up the profitable price... but not by enough to compensate for the higher salaries. In short, prices will go up, but salaries will go up more. Inflation is actually caused by the amount of money in circulation, not by whose hands it's in. If you look at the inflation charts, and compare it to minimum wage... well, inflation actually briefly goes down when you raise minimum wage, then returns to the usual 2%.
Michael Dees Im actually learning finance right now. I was watching a 30 min video by a guy named (Ray Dahlio?) and inflation is caused by money in circulation but I believe it is also classified as prices going up as well. Or if more money is in circulation it drives down the value of the dollar which means businesses raise prices to get their value's worth. I know more money in circulation--> value of dollar less then prices go up. So i am wondering if the converse is also true: Prices up->value of dollar is less because somehow more money has to come into circulate by the fed somehow to manage our economy. I wonder if there is some hidden compensating variable in the cause and effect relationship of the converse. Obviously if things are more expensive my dollar is less valueable so i would think the converse is true in that example but I am wondering if logically(p-->q,q -->p someone could provide a counterexample.
I'm amazed by all these idiots that think if the cost of production goes up so will the cost of an item. It's simple companies will lost profits, profits that go to pay CEO's for example, big salaries and bonuses. Their pay will be reduced if the minimum wage goes up, and they're not running a charity so they don't care what they're employees need, only what is the least they can pay them to make themselves more money. Production costs determine what is the minimum amount needed before a profit can be turned, the buying market determines how much something costs and also determines how much profit something will make. The whole point is to keep costs low and prices high, not to keep things fair an balanced. They will higher no more employees than they need regardless of minimum wage going up or down. Machines will be used where it saves them money, and eventually machines will replace many jobs as they have been doing for the last 50 plus years regardless of how low minimum wage is. That's business.
Aten Akehnaton I'm surprised you think every CEO or company owner is rich af and can just accept to certainly lose profit. Small companies won't be able to handle the labor cost, not without boosting their prices and cutting hours. The big companies who could afford to sacrifice profit will find themselves surrounded by a market where their declining competition has to raise their price allowing them to raise theirs, but still under the competition. Sacrificing profit/item for a larger sale volume in a market trend advanrageous for them on the long run.
One argument you hear is that if the minimum wage kept up with inflation, it would be $20/hr. What's missing is that would drive up prices, other wages and everything else and it still would be proportional to the cost of living as it is now.
Yes and now cut employee hours down to make sure all are non full time. Also cut number of employees with more automation. So we are just going to have more unemployment.
These greedy evil devils are already squeezing every ounce of productivity out of their employees. Automation is a great idea, an automated CEO would not require ridiculously expensive vehicles, homes, vacations, et cetera.
If Popeye's CEO's salary were completely redistributed to its employees, it would be roughly a $1/hour increase for everyone. Her salary: slightly less than $3.9 million Popeye's employees: 1,790 $3,900,000 / 1,790 = $2,178.77 Most work years are computed off of either 2000 hours or 2080. @2000 hrs / year = $1.09 / hr @2080 hrs / year = $1.05 / hr This is nowhere near the $10, $12, $15, or the laughable $23 / hr min wage proposed by folks. The market simply cannot support those numbers, no matter how much we strip the CEOs of their salaries (who, by the way, are also employees hired by the corporation and cannot set their own pay, only negotiate it with the corporation just as anyone else can). Also, in case you didn't know, the average CEO salary in the US is not in the millions. It is roughly $241,000. Many, many CEOs earn less than six figures. Using "corporation" and "CEO" in blanket form ignores the multitude of small corporations, including local farmers, storefronts, etc.
MalinDeMunich except the CEOs salarie doesnt include the current wages of workers. You just combined expenses with profit and then included expenses again in your argument. I'm not even for a $15 minimum wage (looking for concrete arguments on both sides), but please be accurate.
Anytime you fight/negotiate for higher wages, you start high, and settle on a comprimise. Kansas City's 12$ an hour minimum is a good model, and is what people should expect.
Welcome to a new tax bracket for some of the fortunate workers who will be able to find employment a few days a week, unlike most, who will lose their job or have their hours almost completely eliminated.
oh and nobody comes out with a way to remove the workers because of a minimum wage. It takes longer than that. they were doing this stuff for many years.
My niece is a office manager for a Oncology Practice. She coordinates a staff of 15 people & 5 doctors. She has to be able to converse in Cancer Care, Support Groups, State & Federal regulations, OSHA Laws, and on & on& on. She makes $18.00 an hour. So someone flipping burgers could make $3.00 less than her. NO! NO! NO!
There should be NO minimum wage. If someone wants to pay a nickel per hour, they should have that right. Nobody is forcing people to take these jobs. If anyone can make a comfortable living without learning any skills, where is the incentive to become a productive member of society?
The reason unions support minimum wage increases is because the majority of union labor contracts have ties to the minimum wage. If it goes up, then contractually the union pay rates go up as well.
$15 an hour may be a bit much for small businesses, but larger coorperations like McDonalds, Walmart, ect, have absolutley no excuse, and can VERY MUCH afford it. I could careless what conservatives think
Minimal wage is bs, these jobs were meant for students not to support a family like these workers seem to think. Don't have kids if you can't support them, it's common sense.
Big grocery stores have a self check out now with ONE employee. What couldve been 6 checkstands during rush hour is now 2 cashiers and 1 person at the self checkout.
The simple economic truth is that prices go up with scarcity and down with abundance. Wages, which are the price of labor, should only go up when labor is scarce. Right now in the USA, labor is plentiful, millions are out of work, more laborers are available than are needed. Raising the minimum wage now is foolishness of a type that could only be concocted by government.
When the owners & partners are worth billions of dollars and the employees are struggling that's bull shit. If it were not for the employees they would not have a company and they would not be worth billions. So yes the employees deserve more pay. Owners and partners do next need to be worth billions the greedy ass holes.
