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

BOP

Well-Known Member
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.
Actually, I not only understand, but agree with you. :shocking:

One of the very first things I learned in Econ 101 (Macro) is that "Government acts, people react."

The only difficulty I have is that there's a reason for the rise of unions in this country. Companies are only going to do what they are mandated to do, and often, not even then.
 

BOP

Well-Known Member
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....
That's the one just off I-5 and Grand Ave in PB, right?

I actually prefer Pollo Maria in Carlsbad, kind of behind the Jack-in-the-Box off Elm, or whatever they're calling it. Carlsbad Village Drive, I think. It's about the same distance off I-5 as Rubio's in PB. Good, good, good Mexican-style chicken (pollo, for those who don't know).

Or the G-Spot (Grand Avenue Bar & Grill), also in C'bad, just a few blocks from Pollo Maria. Taco Tuesday, in season, baby! Instead of turning left at the Jack (that's Harding), turn right (coming from I-5). Go a block north, turn left a block and a half, and it's on the right. Can't miss it.

I wish California wasn't so damn broken; I'd move back there in a minute. But, alas and alack....
 

BOP

Well-Known Member
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....
There's a bunch of them. There was one in...I want to say Camarillo, when we lived up there, but it doesn't appear on their website's location finder.
 

BOP

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.
The cost of labor has and will always be the biggest expense to running any business, large or small. That's just a fact that you learn in any intro Econ class.

Granted, the economy going to sh*t like it did under Carter has exacerbated everything under this regime. But, they still find a way to blame Trump and the Republican'ts, even as those chuckleheads are giving the Demonrats knobbers every time we turn around.
 

HemiHauler

Well-Known Member
Actually, I not only understand, but agree with you. :shocking:

One of the very first things I learned in Econ 101 (Macro) is that "Government acts, people react."

The only difficulty I have is that there's a reason for the rise of unions in this country. Companies are only going to do what they are mandated to do, and often, not even then.
I like you. Unlike the vast majority here, you read to understand — not to argue. :buddies:
 

HemiHauler

Well-Known Member
The cost of labor has and will always be the biggest expense to running any business, large or small. That's just a fact that you learn in any intro Econ class.

This is a key takeaway. And to expand, the price of labor is the one thing that is still worth “chasing” to increase share value/profiability It’s a major catalyst in the desire to offshore labor/manufacturing. The results of which are neither objectively bad nor good but rather rational actors acting rationally.
 

vraiblonde

Board Mommy
PREMO Member
Patron
Actually, I not only understand, but agree with you. :shocking:

One of the very first things I learned in Econ 101 (Macro) is that "Government acts, people react."

The only difficulty I have is that there's a reason for the rise of unions in this country. Companies are only going to do what they are mandated to do, and often, not even then.

But then the unions became what they were supposed to be fighting against. :lol:
 

vraiblonde

Board Mommy
PREMO Member
Patron
Suckerberg has spent some 500 million of his Hawaiian compound ... like srsly dude

You'd think he'd feel bad that little kids are living in ghettos and eating out of trash cans, and he bought himself a $500 million house. And that's just one of his 10+ luxury homes, which doesn't include his numerous luxury cars and $300 million yacht.

Not that there will ever be a shortage of poor people, but the dramatic wealth inequality in this country sometimes makes me sad. The liberals have a point when they rail about this, but their solution is to....make rich people richer and poor people poorer, and I have a hard time wrapping my head around that.

I just want people to be better. To do what they say they're going to do and not be revered for something when in fact they're the exact opposite. Like Obama, of all people, saying that at some point you've made enough money. That chaps my ass every time I think of it. Liberals were supposed to be against all this and instead they upped the ante.

I'm having a childish moment and reverting back to my wide-eyed naive 25 year old self. I'll be back to cynical by morning.
 

GURPS

INGSOC
PREMO Member
Well, the problem with that is there will never be a "living wage" among the lower tier workers because the bar keeps getting raised. Pay them $20/hour, then raise the price of everything so they're poorer than when they started.



Self Licking Ice Cream .....

with $ 15 - 20 McDonalds's Meals now the workers getting the $ 15 or $ 20 wage they cannot afford the value meals
 

Grumpy

Well-Known Member
Well, the problem with that is there will never be a "living wage" among the lower tier workers because the bar keeps getting raised. Pay them $20/hour, then raise the price of everything so they're poorer than when they started.
^that
 
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