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Wouldn't increased production costs lead to increased prices?
originally posted by: Phage
a reply to: onequestion
I don't what an "In'n"Out" is but I probably wouldn't go out to one of those either.
I go to restaurants that can cook better than I can. For a reason.
originally posted by: rockpaperhammock
In college you can get a degree in map making using the GIS software which is pretty big right now. You then apply for a city with a population of 20,000 people who needs just a guy. That guy will start out at less than 15 dollars an hour most likely but has the potential to make maybe 25 on the upper end. Using the software is a technical skill...it takes time, education and training to learn it. Why should that guy make the same amount of money as a fast food worker? In fact most fast food places have such high turn over that if you stuck it out you would be a shoe in for management...and they make quite a bit...however often work 60 hours a week.
originally posted by: SolRozenberg
There should be no govt defined minimum wage whatsoever. Are you all not capable of negotiating your own salary?
originally posted by: Phage
The argument is that a drastic increase in minimum wage would result in an increase in unemployment. That, and an untenable increase in inflation.
The Journal of Agricultural and Resource Economics reports that the biggest mark-ups on any restaurant menu are drinks and side dishes, thus maximizing the profits for the business.
This holds especially true with fast food restaurants. McDonald’s, for example, spends between 13 and 18 cents to produce a soft drink.
That includes the syrup, the cup, water, ice, electricity, labor, and wastage.
If the particular restaurant has customers fill their own drinks, you can essentially take labor out of that as well.
A medium sized soft drink at McDonalds costs them 15 cents or less. The typical profit margin on fountain beverages is approximately 85%. McDonald’s profit margin is 90% or more because of their volume purchasing power.
Concentrate for 50,000 Cokes costs $2.60, including labor. A single penny’s worth of syrup makes almost 200 cups of Coke.
originally posted by: onequestion
a reply to: tridentblue
As you can see in this thread there is no value in human life only in their ability to make someone else money.
This world is going to become a hell of that doesn't change.
Why should someone be able to afford a minimal living simply because they work full time?
originally posted by: Subaeruginosa
a reply to: Gryphon66
Yeah, it did dawn on me after I replied that you were actually in support of a fair minimum wage.... But, your comment (even if sarcasm) still works nicely as a template to put my point of view across to the hardcore conservatives. Who claim people in the richest country on the face of the earth should be forced to work full time, well living a life of poverty, just to keep themselves from going hungry.