Press X to doubt.
Exactly, they shure as shit don’t have a problem giving their “food” away now. The truth is most likely that telling their investors that they won’t make so much money will be a devastating financial blow.
In our local fast foods most places are already advertising at least $19 hour for new hires. Is also over $20 for a kids meal and one adult meal “deal”, which takes less than 5-6 minutes to sell me.
They’re raking it in.
I mean, my kid worked at a McD and got so much free food and not the stuff they are about to throw, but he would straight up make himself a quarter pounder combo, and then make me one fresh for free as many times as he wanted. He even would stop by on his off days, walk in and cook himself something and they didn’t care because of how much money they brought in. It was stupid and they should definitely raise the salaries of their employees instead of just showering them with free McD food.
Yeah talk about a blessing and a curse.
This is why labor needs to wake up, like it had to in the 30s.
Sounds like McDonald’s can’t afford to do business. I guess the free market will have them close.
The group said the costs “simply cannot be absorbed by the business model.”
They can do business, just not be as profitable if they can’t pay slave wages. The problem here is in the quote… they don’t want to change the model where the franchisee’s earn a little less and their crews can actually afford rent.
Why the heck should the franchisee be footing the bill? Make corporate McDonald’s pay for it. Surely they’ve made enough money off ice cream machines by now to afford it…
That’s not how franchises work. Only 7% of McDonald’s are corporate owned. For those, corporate will foot the bill.
In McDonald’s case, corporate McDonald’s is basically a giant landlord. They lease the land to the franchise owner, and give them the model, tools, and standards to run a restaurant to make paying they rent worth it to them (hopefully).
https://www.investopedia.com/articles/insights/072516/cost-buying-mcdonalds-franchise-mcd.asp
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.
Yes… And?
Slave labor would be much more profitable, but we have values beyond just your profits.
we have values beyond just your profits.
Heresy! Blasphemy! Heretical Blasphemy! Blasphemical Heresy!
Don’t give them any ideas.
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
Fun fact: capitalists oppose free markets by an overwhelming margin
I’m sure most of their employees will still draw public assistance to supplement their basic needs. Fuck these companies.
Cry me a river! Y’all already charging $15+ for a combo meal!
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.
It could be an issue of scale. The US has over 10,000 more McDonalds than the the #2 country, while also having the fewest number of people per store. Maybe the US’s love of fast food makes up for this, maybe not.
https://en.m.wikipedia.org/wiki/List_of_countries_with_McDonald's_restaurants
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”.
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.
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.
I like the cut of your jib
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.
and I say to them “eat shit and die”
That’s what McDonalds tells their patrons too
