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Originally posted by vtcajun
reply to post by HanzHenry
I'm sorry. Did you actually mean to bring anything to this conversation? Not even sure what you are getting at other than just supplying a little gibberish. Learn to communicate in a meaningful way.
Originally posted by vtcajun
reply to post by oblvion
what hole have you been living in? I had more sleepless night, less time with my family and a lifetime of savings tied up from hard work sacrificing wages so I could pay my employees. Anyone with a sense of pride and a desire to improve will not stay in a minimum wage job. I had several good employees I hated losing move on to something better. I still stay in touch with some of them and they have thanked me for the opportunity to earn while they made improvements on their own. As a boss, I only owe my workers what I have promised them when they accepted the job. When no one wants to work for a wage, the free market will drive up wages. An example of that is that in the mid-late 90's in the Dallas/Ft Worth area, fast food joints had to pay starting wages of around $10/hr. That would be the equivalent of $15/hr in todays wages when you account for buying power of the wage. This was because there were many more better paying jobs and workers would not work for less.
Never the less, stop whining about what you expect and go work your way up somewhere from the bottom. You will have much more appreciation for any job you get. Remember, no one owes you anything. You want something out of life, you need to work for it and find something you are good at and be the best at it. Being a professional expecter will keep you a miserable whiner.
Originally posted by bigfatfurrytexan
Originally posted by filledcup
reply to post by matafuchs
how about raising salaries so ppl can take care of themselves and remove welfare since they dont need it anymore finally getting what is known as a 'living wage'?
some companies cant afford it as they are still in development. but that's no excuse for the well developed companies that can.
help ppl grow out of welfare. it will help close the gap between middleclass and rich that seems ever growing.
that's y i said, a company should pay it's employees a percentage of the return(profit margin) profit margin goes up, they get an increase because of the percentage alotted to them. profit margins go down they get a decrease. so they will realize they should make the best effort to increase profit margin so they will profit too.
in short a company's staff should be viewed as shareholders/investors by the company.edit on 30-8-2013 by filledcup because: (no reason given)edit on 30-8-2013 by filledcup because: (no reason given)
Have you ever run the books for a company?
Remember, the majority of jobs are not created by the megacorporations you are likely talking about. I run the books for a small business. We set about 45% of our revenue aside for wages and benefits. We pay 70% of our employees insurance costs. Before Obamacare (ACA) we provided better insurance for less money. It sucks enough now I dropped coverage and moved over to my wifes insurance (which costs me more).
So 45% goes to wages and benefits. You keep chiseling away. For example, food costs in most restaurants is around 28%. So now you are spending a total of 73% of your annual revenue on real, hard costs. Throw in any franchise fees (around 6%), the electric bills, etc (another 3%) and allocation of reserves for your property taxes (approx 10%, give or take).
So I am a restaurant owner, running about $600k/year in revenue, making a 10% gross profit margin (food industry is 8%-12% average, with 18% being the high end for chains).
This isn't rocket science. People who know how to do math, and use spreadsheets created these models because they work. If you have a better mousetrap, I am interested.
Originally posted by Beartracker16
The story reports that raising wages to poverty levels would cost .30 cents on a $10 meal.
Is that so bad.
McDonald's say wages are not controlled by corporate policy but by the franchise owners.
Could this lead to increasing wages for other segments of the economy?
There should be outrage all over the US as people are unable to get their happy meals today.
video.ca.msn.com
(visit the link for the full news article)edit on 29-8-2013 by Beartracker16 because: correcting info
Originally posted by oblvion
Originally posted by vtcajun
reply to post by oblvion
what hole have you been living in? I had more sleepless night, less time with my family and a lifetime of savings tied up from hard work sacrificing wages so I could pay my employees. Anyone with a sense of pride and a desire to improve will not stay in a minimum wage job. I had several good employees I hated losing move on to something better. I still stay in touch with some of them and they have thanked me for the opportunity to earn while they made improvements on their own. As a boss, I only owe my workers what I have promised them when they accepted the job. When no one wants to work for a wage, the free market will drive up wages. An example of that is that in the mid-late 90's in the Dallas/Ft Worth area, fast food joints had to pay starting wages of around $10/hr. That would be the equivalent of $15/hr in todays wages when you account for buying power of the wage. This was because there were many more better paying jobs and workers would not work for less.
Never the less, stop whining about what you expect and go work your way up somewhere from the bottom. You will have much more appreciation for any job you get. Remember, no one owes you anything. You want something out of life, you need to work for it and find something you are good at and be the best at it. Being a professional expecter will keep you a miserable whiner.
If a man is making a company $100 an hour, the man deserves at least $25 of that.
Saying anything short of that is idiocy, as the company is already making 3 times more than the man, who is actually doing the work that is making the money.
Originally posted by queenofswords
So many people see the big profits of the large companies like McDonald's and because these people don't understand business, they automatically think, "why doesn't McDonald's just spread their wealth to the lowly hamburger flipper".
They don't realize that each McDonald's is a franchise, owned by a small business person, who is responsible for, not only payroll, but a host of other expenses. On top of all that, they have to pay a fee to the mother company based on their profits.
Basic explanation of franchises
Originally posted by beezzer
reply to post by oblvion
The average salary of a franchise owner is 60,000/year.
If an owner works 60 - 80 hours a week, do the math.
I bet you if I look hard enough, I could find a cat that played the piano.
By your logic, all cats would therefore be able to play the piano.edit on 30-8-2013 by beezzer because: sprelling
Originally posted by matafuchs
reply to post by bigfatfurrytexan
I know. As well as how each state, based on the economy has adjusted their SUTA taxes it is crazy. How about OSHA requirements? How about disability and Workers Comp and all the other kinds of insurance a company needs to carry. Theft of property. People who call in and you have to cover for. I do not want this to become owners vs employees but most people in the workforce have no clue...
Originally posted by MyHappyDogShiner
reply to post by doobydoll
Contracts are agreed upon before one will even get hired, I have turned down jobs because I didn't like their "Terms", which is the new word for "Contract" in use today, They can be found on ANY application right where you sign it, both with a pen and digitally.
Those terms will not change unless both parties agree to change them, and the employer just cuts you loose to hire another dumbass who will agree to perform under the terms of his bull# contract.
Go see how long you remain employed if you tell your boss you want to negotiate new employment terms, I'll wager you won't.
Originally posted by MyHappyDogShiner
reply to post by matafuchs
You talk about handouts galore....
Never mind where it is those same "handouts" end up.
This is like the old "Company Store" of the old days, the debt cannot be repaid, the plantation / farm owner is guaranteed to get his money back regardless of what happens.
The Peon can never escape the cycle because the peon has no idea he is in a cage of his own making.
It most definitely is not "Socialism" because that has never been allowed to exist in the history of the world, the term is used as an blerb, in the wrong context by too many.
Originally posted by camaro68ss
Originally posted by oblvion
Originally posted by camaro68ss
Originally posted by doobydoll
Originally posted by FlyersFan
Originally posted by SearchLightsInc
Economics 101 - Paying your workers below the poverty line because they are less than human and deserve nothing out of life, no matter how hard they work. Oh wait, that's just greed
Economics 101 - Paying your workers what the position is worth because it's an entry level job that isn't intended to support a family. Oh wait, that makes sense. Seriously people ... go take an economics course. Paying a burger flipper the same as a degree'd chemist will set off a chain of inflation and will do the burger flipper no good. Instead, the burger flipper needs to learn new skills and/or get an education to raise him/her self out of the entry level job. Handing him money he hasn't earned in an entry level position will just teach him that he can get money that he doesn't deserve and that he doesn't have to work for a better job.
In your opinion they don't deserve a pay rise. In their opinion they do.
In your opinion the job isn't worth more. In their opinion it is.
I'll believe them because they're the ones doing the job, not me.
They're also probably of the opinion that you don't deserve the pay you get and that your job is overpaid. You opinion will be opposite. I'll believe you because you're the one doing the job, not me.
Opinions.
The fact is, all employees are important to the smooth running of any company - this is the only reason a company employs anyone, because there's a job that NEEDS to be done. If minimum wage earners were so unimportant to a company and not really needed, they wouldn't be hired at all.
This is what all minimum pay workers need to remember - they need to realise their company hires them because it NEEDS them, and not because it's doing them some half-arsed favour.
you make it sound like these minimum wage workers are slaves of some sort. That fact is, there job there doing is a contract between themselfs and there employer. The contract is, you work X amount of hours and produce X amount of product and ill pay you X amount of dollars. The employee doesn’t have to agree to these terms. They can walk away from the job offer and try somewhere else. Its a contract.
BS!!!!
There is literally nothing else in most of the economy...PERIOD!!!!!
They have to agree, or they can be social leeches, most dont want to be, so they take the crap work they can get, better than just sitting on their asses and soaking the public.
I know of many who can just sit on their butts, but instead choose to work, yet still cant make enough.
Any company making hundreds of millions, should not be relying on the public to feed them and their families, NOT EVER!!!!!
If a man works over 40 hours a week, at any job, he deserves to be able to have a home and food, the ultra rich, with way more than them or their next 6 sets of kids and grand kids and great great great grand kids dont deserve thousands of times more for doing absolutely nothing but being born owning a business, than the man actually making the money in the first place.
That is the way of the Monarchy, not the way of the American.
Kings deserve it all because their daddy was king.
Americans deserve the ability to work and aquire through LABOR, a decent living.
None of these palaces can exist at all, without the guy who cleans the toilet, who mows the grass, who cooks the meals...etc
All of these deserve a decent living, as all are equally important and required positions.
you entitle types. Dissevering jobs, homes, healthcare. ME ME ME. hahaha, you guys will never get it. its not your fault. Society raised you this way.
Originally posted by oblvion
Please inform me how it is, that these people not even doing anything at all to produce, deserve hundreds and or thousands of times more than those actually "making" the money for the company.