Democrats, clutch yourselves - I'm getting ready to agree with you....

vraiblonde

Board Mommy
PREMO Member
Patron
...even though you are all so disagreeable that you will surely find a nit to pick....


"Major corporations close because of minimum wage hikes :drama: "

That's bullshit. Corps could easily pay their employees more if their spending wasn't so ridiculous and out of control. The problem is that they're all so bureaucratic and top-heavy they neglect the mechanisms that actually generate revenue. They think glad handing and luxury retreats and lawyers and pandering to extremists are worth enormous amounts of money, but when it comes to the boots on the ground....eh, screw those people.

That's the problem with liberals: they don't know how anything works and they don't want to tax their "brains" by giving it any thought. Absolutely these corps could pay their employees a living wage, but they're not going to do that because it will cut into the millions per year the top twelve tiers of the structure are pulling down, not to mention the "consultants" who are paid in the millions to do exactly nothing.

"We're setting aside $50 million for a consultant who will create a campaign to show our minimum wage no benefits workers how much we care about them....."

They would rather go out of business than shave one dollar off their own compensation and their pet non-revenue producing projects. So when states raise the minimum wage, corps respond by either raising prices or firing low level workers and replacing them with expensive technology - sometimes both. Or they close locations, because THAT produces revenue, sure.

So in short, corporations are stupid. As stupid as government. Any time something gets enormous and unwieldy, it becomes stupid and out of control. And they are NOT going to pay low tier employees a "living wage". Not ever.
 
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GURPS

INGSOC
PREMO Member
They would rather go out of business than shave one dollar off their own compensation and their pet non-revenue producing projects.



Rubio's Restaurants Executive Salaries




The average Rubio's Restaurants executive compensation is $225,134 a year.The median estimated compensation for executives at Rubio's Restaurants including base salary and bonus is $228,237, or $109 per hour. At Rubio's Restaurants, the most compensated executive makes $700,000, annually, and the lowest compensated makes $57,000.
 

phreddyp

Well-Known Member
...even though you are all so disagreeable that you will surely find a nit to pick....


"Major corporations close because of minimum wage hikes :drama: "

That's bullshit. Corps could easily pay their employees more if their spending wasn't so ridiculous and out of control. The problem is that they're all so bureaucratic and top-heavy they neglect the mechanisms that actually generate revenue. They think glad handing and luxury retreats and lawyers and pandering to extremists are worth enormous amounts of money, but when it comes to the boots on the ground....eh, screw those people.

That's the problem with liberals: they don't know how anything works and they don't want to tax their "brains" by giving it any thought. Absolutely these corps could pay their employees a living wage, but they're not going to do that because it will cut into the millions per year the top twelve tiers of the structure are pulling down, not to mention the "consultants" who are paid in the millions to do exactly nothing.

"We're setting aside $50 million for a consultant who will create a campaign to show our minimum wage no benefits workers how much we care about them....."

They would rather go out of business than shave one dollar off their own compensation and their pet non-revenue producing projects. So when states raise the minimum wage, corps respond by either raising prices or firing low level workers and replacing them with expensive technology - sometimes both. Or they close locations, because THAT produces revenue, sure.

So in short, corporations are stupid. As stupid as government. Any time something gets enormous and unwieldy, it becomes stupid and out of control. And they are NOT going to pay low tier employees a "living wage". Not ever.
Please enlighten me, how many businesses do you personally operate and with how many employees?
 
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HemiHauler

Well-Known Member
...even though you are all so disagreeable that you will surely find a nit to pick....


"Major corporations close because of minimum wage hikes :drama: "

That's bullshit. Corps could easily pay their employees more if their spending wasn't so ridiculous and out of control. The problem is that they're all so bureaucratic and top-heavy they neglect the mechanisms that actually generate revenue. They think glad handing and luxury retreats and lawyers and pandering to extremists are worth enormous amounts of money, but when it comes to the boots on the ground....eh, screw those people.

That's the problem with liberals: they don't know how anything works and they don't want to tax their "brains" by giving it any thought. Absolutely these corps could pay their employees a living wage, but they're not going to do that because it will cut into the millions per year the top twelve tiers of the structure are pulling down, not to mention the "consultants" who are paid in the millions to do exactly nothing.

"We're setting aside $50 million for a consultant who will create a campaign to show our minimum wage no benefits workers how much we care about them....."

They would rather go out of business than shave one dollar off their own compensation and their pet non-revenue producing projects. So when states raise the minimum wage, corps respond by either raising prices or firing low level workers and replacing them with expensive technology - sometimes both. Or they close locations, because THAT produces revenue, sure.

So in short, corporations are stupid. As stupid as government. Any time something gets enormous and unwieldy, it becomes stupid and out of control. And they are NOT going to pay low tier employees a "living wage". Not ever.

The difference is that the executive salaries are in line with the value they deliver to the company. Further, there is no government-mandated price floor for their labor.

The front-line workers really don’t deliver value beyond what they are paid. With increased government pressure on the price floor, companies now face the prospect of paying more (via a government mandate) for their labor and there is no more value they can extract from that labor.

Get rid of all minimum wage laws at all levels of government, delete the tacky tipping culture and let the market dictate wages. The strongest firms will survive and the weaker ones will grow stronger.

I don’t expect you’ll understand, but at least give it the old middle school try.
 

Gilligan

#*! boat!
PREMO Member

Rubio's Restaurants Executive Salaries




The average Rubio's Restaurants executive compensation is $225,134 a year
That's not a lot in southern Cali.

The Rubio's I frequent on Mission Bay Dr. is a tiny place with only a few employees. I believe it might have been the first location. I hope it's one of the few still open.

I get breakfast at the Broken Yolk. Hope they are not going anywhere....
 

vraiblonde

Board Mommy
PREMO Member
Patron

Rubio's Restaurants Executive Salaries




The average Rubio's Restaurants executive compensation is $225,134 a year.The median estimated compensation for executives at Rubio's Restaurants including base salary and bonus is $228,237, or $109 per hour. At Rubio's Restaurants, the most compensated executive makes $700,000, annually, and the lowest compensated makes $57,000.

It never occurred to me that you might be the one to pick a nit.

Maybe you're right, maybe all these restaurant executives are on the bread line they're so poor. Maybe they're operating on a shoestring as it is, getting their WIC vouchers and government cheese every week. I have no idea. But according to Wiki there's clearly something else going on, and it's not just minimum wage hikes.


On August 24, 2010, Rubio's Restaurants, Inc. announced the closing of its merger with a subsidiary of Mill Road Capital, L.P. to take the company private. Rubio's former stockholders were to receive $8.70 per share in cash in the transaction.

And also:

In June 2020, Rubio's Coastal Grill told Nation's Restaurant News about the closure of all their Florida and Colorado store locations, due to the negative business impact of the coronavirus pandemic. And that they will then focus on their remaining stores in the California, Arizona, and Nevada markets. Rubio's locations in Utah were closed in 2019.[5]

In October 2020, the chain filed for bankruptcy protection.[6]

On May 31, 2024, the chain closed 48 stores in California including 13 in its hometown area of San Diego.[7]

But that is beside the point. The Rubio's story just made me think about how corporations blame everything but their own greed and mismanagement for their failure. When you look at Amazon or Walmart or any of the mega retailers, they could certainly pay their workers a decent wage....but they won't.
 

vraiblonde

Board Mommy
PREMO Member
Patron
Yeah

How much is enough ..... how many 100's of millions is enough.

However, Wal-mart or Amazon COULD pay more ... but a business is NOT a social program

They can do what they want. I'm merely pointing it out and putting a name to it. It's unlikely that Jeff Bezos or Mark Zuckerberg or the Walton family give a damn what I think, but in Amerika I'm still allowed to bust them out.
 

vraiblonde

Board Mommy
PREMO Member
Patron
The front-line workers really don’t deliver value beyond what they are paid.

Okay, so let's eliminate ALL front line workers from a corporation and see what happens.

Conversely, let's eliminate all executives from a corporation and see what happens.

Any ideas? Or is that too much thinking for you?
 

HemiHauler

Well-Known Member
Okay, so let's eliminate ALL front line workers from a corporation and see what happens.

Conversely, let's eliminate all executives from a corporation and see what happens.

Any ideas? Or is that too much thinking for you?

Never run a business of any import, eh?

Just say so instead of reaching for a logical fallacy.
 

HemiHauler

Well-Known Member
They can do what they want. I'm merely pointing it out and putting a name to it. It's unlikely that Jeff Bezos or Mark Zuckerberg or the Walton family give a damn what I think, but in Amerika I'm still allowed to bust them out.

Bust them out for what? Being successful?

Pathetic.
 

Hijinx

Well-Known Member
The Executives make a good salary, but that salary isn't what is killing them.
The price of cooking oil has more than doubled. Meat prices through the roof, $20 dollars an hour for employees, electric bills gone up, Gas for the stoves, up. The price they are now charging is driving customers away. There are many reason for closing them down besides large Executive salaries. When McDonalds is perusing about leaving California things are pretty F'ing bad. Now that's not a nit, it's fact.

Business's are in business to make a profit, when the profit is cut to a point where it isn't worth the effort any longer, or it starts losing money they close. That's the name of that tune.
 
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