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These jobs are designed as stepping stones, not careers.
Published: May 6, 2015 7:47 a.m. ET
Fast food burger chain Wendy's Co. WEN, -0.92% reported on Wednesday a first-quarter profit that fell to $27.5 million
originally posted by: Rezlooper
a reply to: xuenchen
I'm all for higher wages cuz I know that it's nearly impossible for someone to live off of $10 an hour when they are single, let alone someone with a family. This is poverty and I know first hand, but there is no way our economy can handle a wage hike to $15 an hour for all biz. If I had to pay someone to help me work my lemonade or tee shirt stands in the summer time at $15 an hour I might as well pack up and go home and forget about it. I need two workers at some times and that would be $30 an hour...just not worth it and I know for a fact that a majority of small businesses across America will have to shut their doors if this wage hike were to happen. Only the big dogs can afford this type of hike. Business will just raise prices anyways and then what's the point...now the cost of living just went up and we're back in the same boat. I know that I myself would have to raise prices in my stands and then people wouldn't buy anyways because of the sticker shock! Either way, small business folk like myself would be doomed. It sucks because I know millions of Americans are suffering and deserve much better wages, I just don't know what the answer to it is because this would surely be the death of Main Street America and the only survivors would be the Walmarts of America, who would simply raise prices anyways right after the last of their small town competition closes their doors.
originally posted by: olaru12
Automation will be short lived, because it will prove more expensive to maintain and people just want to be "served" by someone that cares....or should anyway. Imagine a bar without a cute barmaid or waitress. ..no thanks
originally posted by: Gryphon66
... and when the market speaks and Wendy's sees their profits drop massively because machines don't provide the same service level as humans, perhaps they'll recalculate the margins and change their minds.
We'll see I guess.
(You guys really are funny crowing that "you saw this coming" LOL. If you're that good at prognostication, play the Stock Market.)
originally posted by: Edumakated
a reply to: xuenchen
Automation is an obvious reaction to increased costs to anyone with basic understanding of economics... no surprise. Another example of progressivism getting hit with a dose of reality.
I've asked the champions of these increased wages... Is it better to have 10 employees making $8/hr or 5 employees making $15/hr?
The other result of increased minimum wage is that those with the least skills will be shut out of the lowest rung jobs - minorities and teenagers. If I am a business owner, why hire a teen and train them at $15/hr when I can get an adult?
These jobs are designed as stepping stones, not careers.
originally posted by: olaru12
Automation will be short lived, because it will prove more expensive to maintain and people just want to be "served" by someone that cares....or should anyway. Imagine a bar without a cute barmaid or waitress. ..no thanks
originally posted by: Gryphon66
Seeing the comments here, I can't imagine why fast food workers would have a less than favorable attitude.
Low pay. (So low that they have to be subsidized by taxpayers to make ends meet)>
Long hours.
Mind-numbing repetitious work.
Customers who think they are idiots and treat them as such.
Who wouldn't be excited about that job, eh?
/eyeroll
i dont want to be served by someone who cares. i want to be served by someone(or some machine) that gets it correct. that is far more important