Sounds like McDonald’s can’t afford to do business. I guess the free market will have them close.
Oh honey, no. The free market only applies when it works in their favor.
Yes except that they were lying and they will still do business. :-/
There is nothing “free market” about a forced minimum wage.
There are lots of arguments to be made for an increased minimum wage, at least try to be smart when making them.
The irony of you asking for smarts to be considered in regards to a mega billion dollar corp, who can more than afford this change for the entire country, let alone just California, is astounding while you are commenting the stupidest crap about “free markets” in relation to this news. It is hilariously pedantic…
There is literally nothing incorrect with the statement “enforced minimum wages go against the free market philosophy” and the statement itself makes no claim one way or the other about their personal views. It’s just pointing out a factually incorrect claim. Ironically enough, your paragraph reply is the hilariously pedantic part
There is a lot wrong with that statement, but one look at your username,tells me I’m not speaking to anyone worth conversating with… pp.boy… pretty on the nose with proud boy huh…
What? Lmao you’re insane it’s a reference to my big fat hog between my legs. But anyway, please explain how the statement is wrong
Yeah, that adds up… proud boys think they have something to show off when in reality we all laugh at that member you call a penis but is the size of an enlarged clit… no shame bro…
You are on something.
But anyway, back to the conversation. Use your degree in economics (which you clearly have) to explain exactly how state-enforced minimum wages do not directly conflict with the ideas of lassaiz-faire free market economies. Please, be as specific as possible.
Big company suffers devistating effects when told to pay their workers well.
Well boo-fucking-hoo
In this case, the franchisees (small business owners) are saying the big business (McDonalds, which makes its money off of real estate and franchise fees) is going to be fine but they (the people that make money from owning a restaurant) are in trouble.
For many of them, it’s true; they didn’t consider whether they could open this business if they had to pay a living wage. Unfortunately, that’s not our problem, but it won’t be a problem for McDonalds either.
Good. I hope they go out of business and the owners have to cry themselves to sleep. I hope they have to sell everything they own before having to work a minimum wage job.
Honestly sounds like something McDonald’s should be fixing still.
Not the way their business works… I think that franchising is an innately predatory business model and in need of severe legal reform. Let’s not ask McD to do it, let’s make them
Well, if this does kill franchises, it will hurt McDonald’s. They’re not making money off empty buildings.
Won’t someone please think of the wealthy upper middle class!
To quote FDR:
In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country.
We need an FDR. I’d take a modern Roosevelt. Any of them, assuming they keep up with the times (equality, similar).
Any = FDR, Eleanor, Teddy
If you can’t pay your workers a fair wage, you shouldn’t run a business.
If you need to be bailed out for the stupid mistakes you made with your business you don’t deserve to have a business. Why stop at wages.
The guy who owns the franchise my nephew worked at in high school drove an actual Rolls Royce. He owned a few, but goddamn. The guy who owned the franchise I worked at 20 years earlier owned like 3 houses or something and flew planes as a hobby (idk if he owned one).
Excuse me for not giving a shit about a financial blow to people like them.
I just think of the SNL skit/song “boomers got the vax”
At one point Kenan Thompson is portraying a wealthy boomer and the song goes like;
I got the big-ass house and the SUV. Got my second house two, and my third house three. And the place in Vermont, and one in Miami!
Damn, I got five houses? That’s a lot. Good for me.
And? Of course it’ll cost them money. They have been hoarding pay increases for years. 8f your business model doesn’t support paying a decent wage, your business model sucks.
Yeah, wasn’t this the whole point of capitalism or something? If you can’t compete in the free market then gtfo and all that
That’s what it says, but it’s just marketing. Capitalists don’t actually believe in fair competition. They believe in themselves having all the stuff, not anyone else, by any means necessary.
Except when big Business expect government handouts then they’re okay with socialism
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I’m sure most of their employees will still draw public assistance to supplement their basic needs. Fuck these companies.
McDonald’s operates in many, many countries, several of which require minimum wage way higher than what they pay workers in the US. I’m sure they’ll be fine.
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That’s a good point, although I think greed is the main reason
Boo hoo. If you can’t run your business without exploiting the fuck out of people then you don’t deserve to be in business. Fuck off already your food is SHIT.
You mean, just like all restaurants and fast-food franchises were going to go bankrupt if they raised minimum wage to $15.00 up here?
It’s been several years, and I haven’t seen any boarded-up McDonald’s during that time.
I guess they can’t afford to do business 🤷
Go get a job, lazy ass “owners”.
and I say to them “eat shit and die”
That’s what McDonalds tells their patrons too
If, like me, you’re concerned that franchisees may not be able to raise prices and offset this $250k in yearly expenses, worry no more because they totally can.
This whole complaint is nonsense. That’s a trivial markup per food item.
Besides, less fast food restaurants would be a good thing anyway.
I’m still waiting for taco trucks on every corner. Fuck that would be awesome
Been seeing them pop up more often for the past couple years. Granted I live in Cali.
I want them driving through my neighborhood like the fucking ice cream trucks.
That’s my first thought. Oh maybe higher wages reduces mega chain economies of scale and makes local small businesses more viable.
They can, and they always do. Yet for some reason people argue that they won’t, every time wage increases become a conversation.
Well, their problem is they already planned to increase prices with zero added benefit to employees or customers. Asking them to actually contribute something in exchange for their gains? Psshhh
Yes, but now they’ll increase them twice, or twice as much. I know, I know, there are economic studies that say otherwise and the general consensus on the left is that prices don’t increase when wages do. I recognize that personal experience doesn’t hold a candle to scientific information. Yet, every single time I’ve seen wages go up in my entire life, the prices soon follow, wiping out the improvements for minimum wage workers and further eroding spending power for the middle class. The poor stay just as poor, the middle class shrinks a little, and the wealthy aren’t impacted at all. I’ve read studies that say differently, but it’s pretty hard to ignore a lifetime of experience. Now please recognize that I’m not advocating against a wage increase. I’m advocating for a law alongside the wage increase that blocks any associated price increases.
That’s not a bad idea.
What would also help is an actually meaningful wage increase that isn’t just a handful of crumbs thrown out to give politicians something to brag on for their campaigns. Something that actually keeps pace with the cost of living increases, and makes up for decades of failing to make such increases.
I suspect your right, though, that it will always end up with the wealthy even wealthier, until we address them directly and start making laws with teeth that curb their hoarding of that wealth and stomp on their ability to influence policy with it.
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Restricting your own wage increase in the hope that companies won’t add to inflation is very much like trying to be extra nice to an abusing partner in the hope that they won’t hit you.
I know that you later wrote that you’re in favor of a law restricting their ability to increase prices so please take this as an aside.
Exactly, how many burgers would a staff of three people push out every hour? 100? If their wages went from $15 to $20 that’s an increase of $15 an hour or an extra $0.15 increased burger cost.
Has McDonald’s seen what it charges for its garbage food these days? $20 ain’t shit.
McDonald’s used to be relatively cheap.
Now it costs as much as a lot of the sit down restaurants in my area. Getting out for under $16 is a task and it’s more likely gonna cost me $20+.
Wendy’s is still affordable for the most part and has taken over those times I’d normally go to McDonald’s.
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The only decently affordable fast food places are wendys and taco bell. Atleast that ive noticed from the big ones. The local ones can still be cheap.
Wingstop is pretty decently priced too.
Panda Express was too but stopped being reasonable around the time they launched their rewards program.
Fucken rewards programs, the battlepass of food and retail.
They used to be a nice bonus. Now they seem to be an excuse to raise prices.
You can go to the pub and get a better burger and a beer for almost the same as McDonald’s.
I live in a small town, McDonald’s is the only “fast food” place here until last week when a Popeye’s chicken opened. That place had been packed every day since they opened. You can get an equivalent meal for two at nearly the price of one meal at McDonald’s.
Plus the food at Popeye’s is way better.
It’s not like $20/ hr is even that much money - ~40k a year probably won’t even qualify you to rent an apartment most places anyone wants to live.
God it’s so wild. When I was a teenager $20/hour was good money. That’s just 20 years ago. Now it’s impossible to live on that wage in my area.
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Yeah, doing some quick math, if the rental wants 3x the rent in income to qualify and you make $40k, you’re at best going to be able to qualify for something that runs ~$1100. That’s a really crappy 1-bedroom in my medium-sized FL city if you’re really lucky.
1100 is the floor for a shitty 1 bed in my city.
Someone that has a teenager who needs their own room is going to pay no less than $1650 according to the Zillow search I just did.
