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Dunkin' CEO: $15 minimum wage is 'outrageous'

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posted on Jul, 25 2015 @ 09:44 AM
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The company my aunt worked for had given her a free education, but before she could get her masters they outsourced most of their jobs. They could make more money outsourcing their jobs to a foreign country, even considering that they spent a great deal of money investing in education. That's how it is. You either work like a semi slave or your jobs get shipped to some real (economic) slaves. All because people around the top want to live super rich. Trickle down my as$.


edit on 25-7-2015 by blueman12 because: (no reason given)




posted on Jul, 25 2015 @ 09:57 AM
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Honestly, $15 should be minimum wage across the board. That wage, by itself - without any assistance - is barely enough to live if you are single and in a city like Austin, TX.

Give the majority of the nation just a bit more is not the root of any problem. This day and age is different than just 25 yrs ago because diplomas are now a dime a dozen and actual skill is hard to come by. This was the direction our society was forced based on economic demand.

Secondly, if a CEO cant successfully manage his/her company with the implementation of a $15 minimum wage... Perhaps he/she SHOULDNT BE CEO!!!
edit on 5558x6755America/ChicagovAmerica/Chicago7 by six67seven because: (no reason given)



posted on Jul, 25 2015 @ 10:01 AM
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Here in Los Angeles we have a ton of food places. In fact we almost have nothing else left other than restaurant & fast food. Imagine in 2 years from now when $15/hour kicks in.

1) ALL the trade skilled people will apply for fast food jobs. Why bust you butt doing cable installation or working at a milling plant, when you can flip burgers? This will effect other industries as people will leave TRADES, and an over-surplus of food workers will flood the market while many restaurants will downsize

OR

2) Restaurants will go out of business and change their business model entirely. And workers in the indsustry will be rare, expected to do more, and crosstrain

If automation happens, kiss the entire industry goodbye. And COUNT on it happening when the Govt. FORCES you to adapt.


Well said. Your OR should be an 'and'! It is exactly what DID happen in the Seattle area. How ironic that everyone will want to be a fast food worker yet there are even less fast food establishments to work in. They have selected fast food workers because there are so many of them. I say, what about all the convenience store/gas station employees? There would certainly be millions of them.

Those food establishments that can afford to automate will certainly do so ASAP in order to avoid payroll and more taxes. People don't understand that higher wages also create higher taxes and unemployment fees that the owner has to pay.
edit on 25-7-2015 by StoutBroux because: (no reason given)



posted on Jul, 25 2015 @ 10:34 AM
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For starters, I am a small business owner. We have two employees and we are looking at adding another. My wife does the books and helps out, and I run the actual day to day. When it came time to hire our first employee, it was because we were growing beyond the reach of what my wife and I could handle. We NEEDED HELP in order to grow. After five or six failed attempts to find someone to "stick" we finally had a guy come along with a great attitude & personality, a good work ethic, and enough brains to NOT screw things up. We could not at that time afford to pay him more than minimum wage. As time went on, I saw how valuable he was becoming (our business grew through his contribution), and I gave him a raise even though it hurt our bottom line. We've continued to give him raises, occasional random paid days off and a partial days off ("Hey you're doing great-THANKS-take Friday off with pay and enjoy yourself..."). His Christmas bonus last year was $1000, nearly two weeks pay. Once or twice he had financial problems and we were able to lend him money with a repayment plan. Any money that goes to him is a sacrifice for us, to put it plainly, but it's something we have to do since we can't do the job ourselves and we want an EXPERIENCED employee to keep coming to work HAPPY & PRODUCTIVE. When we hired a second employee, the same thing. Another half dozen people turned out incapable or unwilling to do the job. Found another to stick, and the story repeats itself.

The problem I see with businesses today is the unwillingness to go much beyond minimum wage for loyal employees. A loyal employee is worth their weight in gold, and believe me when I say, my business COULD NOT grow without the employees I have doing their jobs well. They are like family to me and I treat them that way.

If I had to start an employee at $15 an hour (which is what my first employee makes) there wouldn't be much leeway for advances in pay. I'm with the person that said, if you can't afford to pay people a decent wage, you can't afford to be in business or are not ready to grow. The truth is, my first employee at $15 an hour is probably no better off than he was at $8 an hour 7 years ago when he started. But we are in Southern California, a doomed place to start a small business, and a very expensive place to live. Everything has gotten more expensive in the last 7 years, but for us too. $15 an hour may be a lot in some places, but it isn't a living wage here. Can I afford to pay the wage? If I needed help and I couldn't afford it, then I had better do the work myself.

I think its plain to me that many American business owners are just greedy and actually care nothing for their people. Is it unethical for a business owner to take huge profits while not paying his employees a decent wage or never giving raises? I can't say that it is, but I don't understand how any business owner can say they built their business on their own if they ever HAD to hire a single employee in order to continue growing.

An enforced pay scale increase after a modest minimum wage seems more productive than a high minimum wage to start.
Hire at $10. Have a good employee, well then pay them! $10 to 10.50 in 30 days. After 6 months $11.00, Each year a dollar more at least. Perhaps with a cap at $15 being mandatory. There are people out there that just go from one minimum wage job to the next, COSTING business owners money because they have to be trained, they make mistakes while learning, and they take away from time you could be doing other things. Get these people to sit still by paying them fairly.



posted on Jul, 25 2015 @ 11:04 AM
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I don't think $15/hr minimum wage is a good idea. In my opinion our minimum wage isn't the problem. The problem is that there are so few higher paying jobs available that people have to resort to minimum wage to support a family. It's sad that there is no other option for a lot of people.



posted on Jul, 25 2015 @ 11:05 AM
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originally posted by: xuenchen
Dependence on government will get you nothing.

Creeping Socialism is being taken over by Creeping Capitalism.

DaaHaHaHa.

The U.S. Government and local governments are deep in debt.

Dunk'in Donuts isn't.




Yes because they, like other Giant Corporations like Walmart have Government subsidized labor, eligible for food stamps.



posted on Jul, 25 2015 @ 11:10 AM
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a reply to: ugmold

If you believe that a donut shop can operate while paying their labor $15/hr, then sure you can provide at least a rudimentary business plan on how that would work? What are your price points to support that labor cost? How many donuts do you have to sell to just break even?



posted on Jul, 25 2015 @ 11:14 AM
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originally posted by: Mugly
a reply to: ugmold


i dont get why it is always about the other guy...the one who makes more



Well, if you have 1,000 people on a small island in the middle of the ocean...

...and 999 of them are starving and ill...

... and the last guy has a warehouse full of fresh food and medicine that would last him 50 lifetimes...

... a lot of the time it's going to be about that guy.

ETA: And, of course, the American working poor should keep things in perspective as well.


edit on 25-7-2015 by BiffWellington because: (no reason given)



posted on Jul, 25 2015 @ 11:26 AM
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originally posted by: ugmold
CEO of Dunkin Donuts, a Man who makes $500 an hour, finds it outrageous that fast food workers should make $15 an hour.

Listen to the Creep at CNN


$500 an hour is extremely modest for a businessperson that runs thousands of stores, who is the spokesperson too. That's so cheap he probably couldn't use a private jet to fly to business like most CEOs, the business standard in the world today. $500 is a bargain, I think he deserves a raise, but then, he's a businessman, and those wages for the employees are based on experience.

$15 is outrageous. All it's going to do is cause inflation and the cost of living will increase for the entire city, because donuts will be $3 each! It'll put the donut shop out of business. There's no blame the employee about college or whatever dumping ground you want to make out of people, because management makes employees. Donut business does not survive at that rate unless they go gourmet, yet, that's not their targeted demographic is it? They make cheap donuts for cheap budget people, like office workers that make $15 an hour. If donut man makes $15 an hour, what does office man make then to keep his ego fluffed so he keeps working there? He's going to want a raise.

It begins, the big inflation, until 2017. I am so glad I spent my money before it started showing up like a tidal wave, because if I had a million, in the future, 10 cents.



posted on Jul, 25 2015 @ 11:43 AM
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I'll give a business plan a raw stab ...

Wild guesses on costs:

Rent on Shop 2000
Utilities 500
Insurance 1200
Personnel 7200 (That's 3 at $15.00 per hour, front counter, drive thru window, kitchen)
Supplies 2000
Equipment 2000

Total Cost 14900


In most of the country, DD charges $9 a dozen, but a smaller shop would sell for less, let's say $7 a dozen.

To meet overhead, I need to sell 2129 dozen a month to cover my base costs.

That's 71 dozen a day, or about nine dozen an hour.

Let's say I sold 10 dozen an hour which is only one dozen every six minutes .

That means I'd make $16800 gross per month.

That means there'd be $1900 per month in profit for me as the owner.

Let's say I sell, on average, two cups of coffee with each of those dozen, at a $1.50 per cup.

That might add $1000 per month to my supply cost, so reduce my profit to $900 per month.

But on those 4258 coffee sales @$1.50 I make an extra $6387 per month (2129x2 cupsx1.50).

So, now I'm at $900+$6387 = $7287 profit per month, $87444 per year.

Now, that's all well and good, but let's say I've underestimated the costs by 50%.

Now this store is throwing off, very conservatively, $43,722 a year.

Of course, no reason for me to own just one store, or sell only coffee and donuts ... etc. etc.



posted on Jul, 25 2015 @ 11:48 AM
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a reply to: GoldenSyrup

Can you show statistical evidence that increasing the minimum wage creates greater inflation?

Not just your "simple logic" but actual statistics?

Thank you kindly if you choose to answer.



posted on Jul, 25 2015 @ 12:04 PM
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originally posted by: ugmold

originally posted by: muse7
I'm sorry but $15 bucks an hour for fast food workers IS outrageous.

The CEO might be overpaid but he probably went to university and busted his ass at school to at least deserve some of the money he's making.

If these people want to make $15 an hour then they should go to college and get a degree in something useful that's in demand or learn a trade that's in demand.

That guy wouldn't last a week behind the counter, those people bust there rear ends. We need every type of worker for a functioning society, not slaves, you think a millionaire is going to come fix your toilet? Your type can't even think realistically.


The guy behind the counter wouldn't last a day doing what the CEO does.

Realistic has nothing to do with it. Realistically the one behind the counter would realize minimum wage jobs are meant to grow from, not work the rest of your life at. Realistically the one behind the counter would understand they get minimum wage for a reason and understand to do better they have to do more than what they are doing. Realistically everyone in the world knows you can't live on minimum wage, so why don't they do something different. Realistically all a minimum wage hike does is raise the prices of the goods which nullifies the wage hike in the first place.

I can't stand it when people complain about a CEO making a lot more than a minimum wage worker. Too bad we can't all live like movie stars and be entitled right?



posted on Jul, 25 2015 @ 12:06 PM
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a reply to: BiffWellington

Haiti.

Another great example of total government failure.

Looks like they need a raise in minimum wage !!!!




posted on Jul, 25 2015 @ 12:08 PM
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a reply to: odd1out

You put forth some great points, and we are all coming from different angles and I respect your view as a small business owner.

In my post above, Im looking at a $15 minimum wage while discussing these big businesses like a DD or McDonalds, with certain cities in mind. Im not in favor of or expect a small business owner to pay that wage. Financially, its simply not viable.

These problems arent simple, and when government is as nosey as ours, its even more difficult.



posted on Jul, 25 2015 @ 12:12 PM
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originally posted by: Vasa Croe

originally posted by: ugmold

originally posted by: muse7
I'm sorry but $15 bucks an hour for fast food workers IS outrageous.

The CEO might be overpaid but he probably went to university and busted his ass at school to at least deserve some of the money he's making.

If these people want to make $15 an hour then they should go to college and get a degree in something useful that's in demand or learn a trade that's in demand.

That guy wouldn't last a week behind the counter, those people bust there rear ends. We need every type of worker for a functioning society, not slaves, you think a millionaire is going to come fix your toilet? Your type can't even think realistically.


The guy behind the counter wouldn't last a day doing what the CEO does.

Realistic has nothing to do with it. Realistically the one behind the counter would realize minimum wage jobs are meant to grow from, not work the rest of your life at. Realistically the one behind the counter would understand they get minimum wage for a reason and understand to do better they have to do more than what they are doing. Realistically everyone in the world knows you can't live on minimum wage, so why don't they do something different. Realistically all a minimum wage hike does is raise the prices of the goods which nullifies the wage hike in the first place.

I can't stand it when people complain about a CEO making a lot more than a minimum wage worker. Too bad we can't all live like movie stars and be entitled right?

Even in my line of work for the last 20 years as a Graphic Designer, wages have been stagnant as they are for most. As Bernie Sanders said, "If you work 40 hours in this Country you shouldn't be in Poverty". And most of these workers are subsidized Government labor, getting Food Stamps while working full time.
The Economy sucks, only a fool would say otherwise, sure someone can rise up, but we need people for every type of Job Skill level in a functioning Society. Donald Trump is not going to work a Garbage Truck.
To quote a recent post on another Blog.
"I judge a society by how well it treats its most vulnerable. the united states gets an F."



posted on Jul, 25 2015 @ 12:13 PM
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If a company can afford to pay a CEO $500 an hour (plus other perks), they can afford to pay employee's more money. Without the people who can stand working at a fast food place, the company wouldn't make any money. Minimum wage hasn't kept up with inflation at all. Look at how much food has gone up over the past 7 years.

Mean while we have tons of money for undeclared wars, banker bail outs. If only we could vote on our own raises or benefits like congress.



posted on Jul, 25 2015 @ 12:13 PM
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a reply to: BiffWellington

thats not what we are talking about and it is a lame comparison

maybe the 999 people decided to piss their food away instead of stocking up...
who knows



posted on Jul, 25 2015 @ 12:16 PM
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originally posted by: Aazadan

But it's not just crap degrees. Computer Science and Software Engineering are massively overproduced because everyone is just importing their labor from India using H1B's. In fact, according to this all STEM degrees are being overproduced.


It is not all about how cheap you can get a person. I do a lot of hiring and I'm picking the best person I can, not the cheapest. There is a limit to the pay offered and the person can take it or leave it, but I haven't yet not hired someone over pay issues. I think the big issue is India has a lot of really good engineers and so they want to come here to make the money which doesn't help our home grown.

I'll give you a little hint though about engineers in a real life story....

Boeing needs and hires 1000s of engineers every year. They hire so many that they actually dry up an area and can't get others to move such as it is in Seattle. The primary reason they move plants to other locations is not as the news suggests of running from unions, but to go to where the engineers are. The bottom line is people do not like to move....



The so called useless degrees (a point I would argue) have been in decline for years as tuition has gone up and people have realized they need to be able to pay for their loans.


I hope this is true... What I mean by useless is that the degree does not align with a career very well and is rather easy to get so there are a lot of them. If by your senior year you do not have recruiters looking at you then you most likely have a degree that is useless to industry.



posted on Jul, 25 2015 @ 12:26 PM
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I think People today have a flawed view Of what 15 dollars is worth. At minimum wage you make about $60 a day, usually doing hard, boring, thankless work. If a friend offered me 60$ to sit and stare at a wall for 8 hours I'd say hell no. A small trip to the grocery for 1 bag of food, or 1.5 tanks of gas is not worth 8 hours of my time.

As for me, I do ultrasound. I do about 15-20 scans a day, the lowest costing about 300, the highest costing 1500. I probably make my work about 10-15k a day. My labor probably costs them about 1 average scan worth per day. Yet at the end of the day (after the majority of my work is done) they will often cut me short, sending me home an hour or two early in order to save money on labor (a measly 30-60 dollars, chump change compared to how much I made them that day). Shorting me on a regular basis all so the manager can try to get a bonus. So yeah, I think our current sop is exploitative and abusive to the workers.



posted on Jul, 25 2015 @ 12:26 PM
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originally posted by: Echo007
If a company can afford to pay a CEO $500 an hour (plus other perks), they can afford to pay employee's more money. Without the people who can stand working at a fast food place, the company wouldn't make any money. Minimum wage hasn't kept up with inflation at all. Look at how much food has gone up over the past 7 years.

Mean while we have tons of money for undeclared wars, banker bail outs. If only we could vote on our own raises or benefits like congress.


So the cost of living has gone up is that the fault of business or our government? Do you say, wow our Government really sucks and so you guys need to carry the burden and fix it at the cost of your bottom line.

The other problem is people are more costly today than 30 years ago to pay for what most consider minimum needs. So other than a few areas like beef and rent I don't think the cost of living is that much more for basics. The issue is basics today is considered single living rent, phone, computer, internet, nice car, star bucks, eating out every week so on and so on, that 30 years ago was not a part of the basics.

I have seen many posts here where a person has itemized the cost of living and it can be done on 10 bucks an hour.



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