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Here’s How the Price of Your Favorite Fast Food Would Change With a $15 Minimum Wage

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posted on Sep, 5 2014 @ 07:55 PM
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a reply to: Libertygal

I am sure that it trickles . . . eerrrr . . . cascades upwards from the franchises to corporate. That's the way 7 Eleven works anyhow. The franchises get a base payout and such.


Edit:

Yeah here it is . . . McDonald's corporate (and the others) could pass part of those "franchise" profits back to their employees:




Source:
How McDonald's franchising works
edit on 5-9-2014 by nonnez because: to add Mcdonald's franchise info

edit on 5-9-2014 by nonnez because: (no reason given)




posted on Sep, 5 2014 @ 08:02 PM
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a reply to: TDawgRex

Where is the fancy infographic to show how much the salary of those running the company would be affected if there was a $15 minimum wage, without increasing the price of they products?



posted on Sep, 5 2014 @ 08:05 PM
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originally posted by: xDeadcowx
a reply to: TDawgRex

Where is the fancy infographic to show how much the salary of those running the company would be affected if there was a $15 minimum wage, without increasing the price of they products?


While that is just one part of the problem, it's not the only thing and is actually a very small part of it.

I'm trying to get people to look at the bigger picture. Do you really think that a $15.00 an hour would effect them? If so, you're deluded. It'll be the regular folk who are effected. Not the bosses.



posted on Sep, 5 2014 @ 08:13 PM
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originally posted by: TDawgRex

originally posted by: xDeadcowx
a reply to: TDawgRex

Where is the fancy infographic to show how much the salary of those running the company would be affected if there was a $15 minimum wage, without increasing the price of they products?


While that is just one part of the problem, it's not the only thing and is actually a very small part of it.

I'm trying to get people to look at the bigger picture. Do you really think that a $15.00 an hour would effect them? If so, you're deluded. It'll be the regular folk who are effected. Not the bosses.


The 'Bosses' are going to be the ones who win BIG off of raising the minimum wage. Just watch



posted on Sep, 5 2014 @ 08:42 PM
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originally posted by: LDragonFire
a reply to: phishfriar47

Incorrect.

If the minimum wage was a livable wage this alone would spur the economy and create more jobs.

Consumers spur job growth not tax cuts for the rich.


Tax cuts all across the board spur economic equity, demand increases, with increased demand comes increased job growth.



posted on Sep, 5 2014 @ 08:46 PM
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originally posted by: phishfriar47

originally posted by: TDawgRex

originally posted by: xDeadcowx
a reply to: TDawgRex

Where is the fancy infographic to show how much the salary of those running the company would be affected if there was a $15 minimum wage, without increasing the price of they products?


While that is just one part of the problem, it's not the only thing and is actually a very small part of it.

I'm trying to get people to look at the bigger picture. Do you really think that a $15.00 an hour would effect them? If so, you're deluded. It'll be the regular folk who are effected. Not the bosses.


The 'Bosses' are going to be the ones who win BIG off of raising the minimum wage. Just watch


That's what I've been saying...but there are people to emotionally entrenched to realize it. And they'll be the first ones to scream that it is unfair, again. Thusly setting up a further divide.



posted on Sep, 5 2014 @ 09:07 PM
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a reply to: TDawgRex

In this case, it'll be the union labor bosses who will win big right along with corrupt politicians, but the heads of the corps might start to come out ahead as soon as they start to automate. They've just been looking for the excuse.



posted on Sep, 5 2014 @ 09:09 PM
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a reply to: TDawgRex

It really blows my mind how these fast food workers believe they deserve a living wage. Fast food is not a career to live on, it's a job, a low income, little to no skills, which is why you make little to no money.... People who cry for wages to be increased don't understand simple economics (due to their lack of formal education). They also don't understand that the money is all relative, meaning that I could pay them all $1 million a year to flip burgers, but if the cost of bread, rent, etc. goes up past a million dollar threshold then you will still find yourself in that same situation...

Wages go up, costs get passed on to the consumers, all prices are raised and the "raise" you just received isn't really a raise because everything else went up in cost too....
edit on 5-9-2014 by jhn7537 because: (no reason given)



posted on Sep, 5 2014 @ 09:34 PM
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originally posted by: Blackmarketeer
Fast food wages are so low it's workers are taking 7 billion per year in public assistance.

Fast-Food Wages Come With a $7 Billion Side of Public Assistance

McDonalds alone took 1.2 billion per year of that tab. I guess we prefer to have our taxpayers help pay the labor costs for McDonald's Corp rather than have the company pay it's own worker's compensation. WalMart does the same thing, pay it's workers an abysmal hourly rate and let the taxpayers pick up the slack.




amazing isn't companies like these makes craploads of money and pay higher management inflated paychecks yet it is the tax payer who picks up the slack for the company to pay sub standard wages to the lower end employees,you know the ones that keep the wheels turning....what a world.....greed rules and people are nothing but slaves



posted on Sep, 5 2014 @ 09:37 PM
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So let's see. Minimum wage goes up and people can make an actual living now. That's good. It might stop more people from eating this crap on a daily basis with the higher prices. That's very good.

Cons? Some might lose their job if fast food sales are down. However, I'm not convinced that the obese masses of the US could stop themselves from eating this toxic crap for any reason. I don't think sales would go down and I don't think people would lose their jobs.



posted on Sep, 5 2014 @ 09:49 PM
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a reply to: TDawgRex

That is exactly the problem. Instead of paying workers a living wage and making slightly less with record breaking profits, the corporate heads refuse to let go of their money.

They could, and IMO they should. Forcing your workers to rely on tax funded public assistance in order to keep your profit high is borderline slave labor. This is the problem that needs to be focused on, not people barely surviving demanding a living wage.

Using scare tactics about how your cheese burger might be more expensive if they paid people a living wage is more dividing than anything else. You are essentially blaming the workers for corporate decisions.

The only way for it to work out and be fair to everybody involved would be for the companies to pay their employees a fair wage and charge enough for the product to ensure an understandable level of profit. Not record profit, not insane profit, understandable profit. Then and only then will this issue go away, until then the corporate greed is the one and only thing to blame.

"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country." - Franklin D. Roosevelt



posted on Sep, 5 2014 @ 10:50 PM
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a reply to: TDawgRex

The fact that they actually charge people for this crap food is insanity in itself.

Raising prices on steaming piles of trash in a box is less important than making sure hardworking citizens can at least go out and provide real food for their familys once they are off work at McDonalds.



posted on Sep, 5 2014 @ 10:50 PM
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I think that the following quote is pertinent to this topic.


In his autobiographical account of taking on monopolistic corporations as president, TR recounted

’’ …we had come to the stage where for our people what was needed was a real democracy; and of all forms of tyranny the least attractive and the most vulgar is the tyranny of mere wealth, the tyranny of a plutocracy.’’


If you can't trust Teddy Roosevelt, who can you trust really?

History is repeating itself; corporate America is oppressive. This isn't the way it's supposed to be.


edit on 5-9-2014 by Osiris1953 because: (no reason given)



posted on Sep, 5 2014 @ 11:18 PM
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I thought this quote appropriate.

“In the end more than they wanted freedom, they wanted security. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for was freedom from responsibility, then Athens ceased to be free.”
Edward Gibbon (1737-1794)



posted on Sep, 5 2014 @ 11:22 PM
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It all depends on who controls the food. Monsanto is the most sneaky land grabbing.

en.wikipedia.org...



posted on Sep, 5 2014 @ 11:27 PM
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The bottom line is, the cost of living is increasing at a ridiculous rate. And minimum wage has just not kept up. Take for example my home state of New York.

Current Minimum Wage: $7.25
40-hour work week: $290.00
After Taxes (for a single person): $258.33
Monthly pay after taxes: $1,119.45

Average cost for a 1-bedroom apartment on Long Island: $1,300.00 per month

Already, we are over what we earn. We've not included car payments, or electric, or food, or gas, clothing.. anything.

So.. for arguments sake.. lets say you live in a single ROOM for $500.00 a month and it covers heat/electric.

Single Room: $500.00 / month
Food (low-balling $50 a week): $200.00
No car, take the bus (@ $5.00 round trip x 5 days a week): $25.00

Not including every other expense such as laundry, a phone or TV, unexpected situations like medical emergencies, etc you are left with: $394.00 a month. That's not "terrible"... but we're talking living BELOW the poverty level with nothing extra. And FORGET if you have a kid.

The truth of the matter? A corporation like McDonalds, or Taco Bell, or Chipotle can easily handle the wage increase. But in order to not scare their shareholders, they act as if they must "pass the buck to the consumer". Which is a load of BS.

People making minimum wage can't survive in today's economy. It's just not possible. Look how many WalMart workers are on Food Stamps and Welfare. They just don't make enough money. You know how much money Walmart earned in 2013? $316 BILLION. That is $1.8 million EVERY HOUR.

So no.. I don't believe these doom and gloom scenarios that are being pushed around. Companies need to pay higher wages. Period.



posted on Sep, 5 2014 @ 11:45 PM
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a reply to: xDeadcowx

Increased profits enable increased dividends paid to shareholders. Increased dividends paid to shareholders causes more people to invest in your business. More investments cause more growth. “Record Profits” are a GOOD thing for the economy, it enables business to grow!

news.investors... .com/investing-the-income-investor/031314-693179-mcdonalds-serves-up-steady-profit-tasty-dividends.htm



posted on Sep, 6 2014 @ 12:11 AM
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a reply to: Richn777

You mean it enables corporate growth and provide more low paying jobs?

Instead of small locally owned restaurants who have owners who actually spend their money in the local economy.



posted on Sep, 6 2014 @ 12:13 AM
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a reply to: DerekJR321

Walmart also forces the people they do business with to close middle America factories to meet their bottom line requirements in order to do business with them.

That company is truly. Monster, a leviathan in disguise



posted on Sep, 6 2014 @ 12:15 AM
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originally posted by: Richn777
a reply to: xDeadcowx

Increased profits enable increased dividends paid to shareholders. Increased dividends paid to shareholders causes more people to invest in your business. More investments cause more growth. “Record Profits” are a GOOD thing for the economy, it enables business to grow!

news.investors... .com/investing-the-income-investor/031314-693179-mcdonalds-serves-up-steady-profit-tasty-dividends.htm




yeh good point...what we really need is more investment in macdonalds because there are clearly not enough to go around..(yes that is sarcasm)...

here is a shocking statistic for you




At the other extreme sits McDonald's US homeland, where for every 22,174 citizens there is a restaurant waiting to serve. That may seem surprising given that for every hospital in America there are twice as many people waiting in line.


www.theguardian.com...




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