Here’s How the Price of Your Favorite Fast Food Would Change

[Larry Gude]

What do we disagree over? Larry, folks are arguing for the pay hike right now. Not ten bucks. Fifteen. Not in ten years. Right now.

Fast food places LIKE McD's are hurting. Big time. Others are taking their thunder (like Chik-Fil-A). And I do think if an industry across the board raises its prices, people will look elsewhere. When beef prices rise, people buy pork and chicken. It works that way.

And they argued for $7.25 then, right away. And then argued for more. Right away. And it happened. Right away. Over time.

McDonalds is right around $90. They were at $60 4 years ago. Not too shabby.

I am arguing against the 'sky is falling' mentality. Not that you are arguing for it but, McDonald's is not going anywhere and, at least based on their market value, are just fine. Wages ain't going up over night but, they will work their way on up. Along with prices.

 

[Monello]

Give all fast food workers $30 an hour. Or better yet make them all CEOs. Raise the price of a burger to $500 each. Problem fixed.

 

[Larry Gude]

Give all fast food workers $30 an hour. Or better yet make them all CEOs. Raise the price of a burger to $500 each. Problem fixed.

No. Give anyone with a job whatever feels good. Only, have them take their paycheck from me and go down to the Office of More Money and have the community, local, state, feds, pay them the difference.

It will make people want to go to work and do well.

It won't cripple business and it will let me pay what my industry calls for. If we pay $3 or $2 and the society says "We want people to get $15!" they take their stub from me down to the office and get another $12 or $13 an hour.

 

[Gilligan]

No. Give anyone with a job whatever feels good. Only, have them take their paycheck from me and go down to the Office of More Money and have the community, local, state, feds, pay them the difference.

It will make people want to go to work and do well.

It won't cripple business and it will let me pay what my industry calls for. If we pay $3 or $2 and the society says "We want people to get $15!" they take their stub from me down to the office and get another $12 or $13 an hour.

Brilliant. Such an elegant solution, it's economic brilliance rivaled only by its remarkable degree of simplicity.

 

[SamSpade]

If we pay $3 or $2 and the society says "We want people to get $15!" they take their stub from me down to the office and get another $12 or $13 an hour.

Ok, now you got me. Why would that work, or are you being sarcastic? I don't see how free money incentivizes anyone to work.
I already cited data some time back showing a substantial number of households in poverty have absolutely no one working at all.

 

[Larry Gude]

Ok, now you got me. Why would that work, or are you being sarcastic? I don't see how free money incentivizes anyone to work.
I already cited data some time back showing a substantial number of households in poverty have absolutely no one working at all.

If I have to go to my job at Sam Inc (Sam's Club? ) and do a good job so that you are happy to keep me around but, you can only afford, say, $5, or even $10, and society says I 'deserve' $15, I gotta show up, make you happy, then take my pay stub down to city hall or wherever and get the other $5 or whatever it is. it is a motivation TO work as I see it. It will inspire people all over to offer menial jobs that I can tell you are NOT being filled; sweeper, any extra hands, at all, and give someone some work that needs to be done that ain't and folks are working for it. Not sitting at home.

 

[Larry Gude]

Ok, now you got me. Why would that work, or are you being sarcastic? I don't see how free money incentivizes anyone to work.
I already cited data some time back showing a substantial number of households in poverty have absolutely no one working at all.

If I don't show at Sam's, I get NOTHING

 

[Larry Gude]

Brilliant. Such an elegant solution, it's economic brilliance rivaled only by its remarkable degree of simplicity.

Thank you.

 

[SamSpade]

If I don't show at Sam's, I get NOTHING

So - Sam's decides you're worth a dollar. You go down to the Mo Money office and they cut you a check for ten?
Good for the employer.

So that's what, almost the equivalent of the Earned Income Tax Credit?
Where, so long as you work, you get more money back from Uncle Sam than you paid in?
And if you don't at least work, you don't qualify?

Or - what was it, work-fare? You get welfare support - so long as you work?
Didn't Obama totally scuttle that?

Anyway ---

It still puts the burden of support on the taxpayer and not on the employer.
We're still on the hook paying them, only now there's zero incentive for this newly employed person to do anything
but show up on time. He's not going to work harder.

 

[Larry Gude]

It still puts the burden of support on the taxpayer and not on the employer.
We're still on the hook paying them, only now there's zero incentive for this newly employed person to do anything
but show up on time. He's not going to work harder.

It's times like this when I just realize why we are in the mess we're in.

 

[Larry Gude]

So - Sam's decides you're worth a dollar. You go down to the Mo Money office and they cut you a check for ten?
Good for the employer.

So that's what, almost the equivalent of the Earned Income Tax Credit?
Where, so long as you work, you get more money back from Uncle Sam than you paid in?
And if you don't at least work, you don't qualify?

Or - what was it, work-fare? You get welfare support - so long as you work?
Didn't Obama totally scuttle that?

Anyway ---

It still puts the burden of support on the taxpayer and not on the employer.
We're still on the hook paying them, only now there's zero incentive for this newly employed person to do anything
but show up on time. He's not going to work harder.

My mistake and I apologize. What I meant was, and I have written this a ton of times, whatever society says the min ought to be, that is what I get paid for each hour I work for you. What you pay me on top of that is your and my business. If you only offer $1, your competition will keep you honest and offer me more.

Point being to unburden business from political whim and motivate people to work.

By bad. Brain fart.