Meanwhile most McDonalds are franchises and not owned by corporate. The franchise owner has a small profit margin that can't absorb the wage increase without either raising prices or cutting other costs. Most of the time the cost that is cut is labor. So 10 people lose their jobs so the other 25 get a raise.
$15/hr minimum wage
- Thread starter vraiblonde
- Start date
LightRoasted
If I may ...
For your consideration ...
Pick any publicly traded corporation.
True. McDonalds mostly makes it money on its real state holdings and the rent they charge those franchisees. I would bet that many franchise owners pay themselves handsomely, then calculate what can be paid to employees. However I am not arguing the merits of increasing wages. I'm pointing out that many business owners take advantage of the labor force paying as little as they can get away with for their own enrichment. If there is high turnover, so be it to them.
Pick any publicly traded corporation.
True. McDonalds mostly makes it money on its real state holdings and the rent they charge those franchisees. I would bet that many franchise owners pay themselves handsomely, then calculate what can be paid to employees. However I am not arguing the merits of increasing wages. I'm pointing out that many business owners take advantage of the labor force paying as little as they can get away with for their own enrichment. If there is high turnover, so be it to them.
Bare-ya-cuda
Well-Known Member
I don’t know about anyone else but a few business have Expanded their self check out quite a bit. Minimum wage doesn’t mean anything if the jobs disappear.
HemiHauler
Well-Known Member
No! The balance is determined by supply and demand. Period. By definition the price of labor will never be higher than the value of the production which can be obtained by the employee.
The minute government sets price floors on labor, the equation no longer works.
HemiHauler
Well-Known Member
The jobs don’t go away - people are needed to design, build, sell, and maintain the automation equipment.
Bare-ya-cuda
Well-Known Member
Don’t see any automation equipment design and fabrication facilities in St Mary’s county anywhere.
For your consideration ...
Rapacious profits to shareholders and their associated multi-million dollar paid CEO's at the expense of those that actually provide the work necessary to make those profits.
Also. You do realize labor is an expense in business accounting, along with a multitude of other expenses, that, after being subtracted from total revenues, leaves profit, or not. It is not profit that pays for wages, it is the wages paid that makes profit. For without labor, there is no profi
HemiHauler
Well-Known Member
Don’t see any automobile manufacturing concerns either, yet cars superseded horse and buggies, the Amish/Mennonite community notwithstanding.
Bare-ya-cuda
Well-Known Member
I am sure the folks working the register at your local lowes or Walmart are packing their bags now to move where the automation equipment is designed and built.
Please explain to the masses your extensive business experience and how businesses going away makes the world a better place and how the average person survives comrade!
HemiHauler
Well-Known Member
People migrate all the time for opportunities. Like ALL THE TIME.
I guarantee you are not from here - a come downer. What brought you here? I left 30 some odd years ago because opportunities for what I wanted to do were limited.
Bare-ya-cuda
Well-Known Member
I agree people move all the time, and you are correct I am not from here. The point I am trying to make is that people working the registers that minimum wage isn’t enough to support a family just cant just up and move to another city.
HemiHauler
Well-Known Member
Clearly, you’ve never been hungry.
Bare-ya-cuda
Well-Known Member
If that played a role Lexington park would be a ghost town
HemiHauler
Well-Known Member
The point you’re missing is that not EVERYONE has to move for new opportunities. Those who are hungry for success will.
You’re also assuming there will be ZERO opportunities locally. Certainly, folks to service all of this automation equipment will need to be somewhat local. They may need to travel several hours away by plane to receive training, but service folks will need to be relatively close. Same with sales forces. Most large firms that manufacture and sell things are organized by sales regions.
Also, we generally talk about these sorts of things IN AGGREGATE not one off situations.
Aren't you just the clueless little elitist?
Think about who works at McDonald's for minimum wage. Now tell me how those people are going to design, build, sell, and maintain the automation equipment.
You Marxists have no idea that there's a world outside your little bubble.
HemiHauler
Well-Known Member
Sit this one out, Pookie. You’re clueless.
HemiHauler
Well-Known Member
I too find your cluelessness hysterical.