Toldya, You said it wont happen, we said it will. as usual we were right. WE ARE ALWAYS RIGHT. YOU ARE ALWAYS WRONG

[Sean Renaud]

no one MISSES the point

they are AFRAID to discuss the real issue

I'm not afraid to discuss the issue. I'm waiting to see actual proof of this because it sounds like the exact same doom and gloom we've been sold for over a century about how bad the world will be if people can afford to live.

 

[HisArpy]

Alright FINE, I'll discuss the real issue. Yes, I get the point you are trying to make; that McDonalds cannot make a profit in California due to the minimum wage being so high that it eats up all of their overhead costs. Yes, I understand the point.

My point is, I don't care because I don't eat at McDonalds and don't live in California.

Meanwhile those who work for McDonald's go hungry and homeless because they lost their jobs.

And you don't care. Because you don't eat at McDonald's.

 

[Sean Renaud]

Meanwhile those who work for McDonald's go hungry and homeless because they lost their jobs.

And you don't care. Because you don't eat at McDonald's.

They will find new jobs probably at the exact same locations under new ownership in the alternate universe where this happens. Cus it ain't this universe.

 

[censurat]

https://twitter.com/x/status/1799683500364472487

 

[Bray123]

When workers are earning so little that they need to claim benefits to survive, the state is subsidizing the business. Your taxes are paying MuckyD's wage bill.

That sounds like communism to me, why do you love communism?

 

[lovecraft68]

Dumb thread

Why, because its true? Because this is exactly what everyone not named Newsome saw coming?

 

[Aglaopheme]

https://twitter.com/x/status/1799683500364472487

Okie dokie, let’s have a look.

Pizza Hut:

The Pizza Hut division reported a slight dip in operating profit to $99m,

Yum! Brands has reported a 24.7% surge in net income for the fourth quarter (Q4) of 2023, reaching $463m, compared to $371m a year previously.

For the quarter ended 31 December 2023, the company’s total revenues rose marginally to $2.03bn, marking a 1% increase from the $2.01bn reported in the corresponding quarter of 2022.

Yum! Brands is the parent company of Pizza Hut.

https://www.verdictfoodservice.com/news/yum-brands-net-income-q4-2023/#?cf-view

Rubio’s

What Is Rubio's Restaurants's Revenue?​

Rubio's Restaurants's annual revenue is $188.9M. Zippia's data science team found the following key financial metrics about Rubio's Restaurants after extensive research and analysis.

• Rubio's Restaurants peak revenue was $188.9M in 2023.
• Rubio's Restaurants has 4,000 employees, and the revenue per employee ratio is $47,225.

Check out that revenue per employee data. How much would you guess the average Rubio’s employee makes?

https://www.zippia.com/rubio-s-restaurants-careers-37176/revenue/

Foster’s Freeze

Average Revenue Per Unit​

Compared vs. Frozen Desserts Industry

$1,109,715 / unit​

Franchise Type: Stand Alone​

Average Revenue During 2020

Subway

Subway's revenue increased to $971.9 million in 2023. That was up 70% from the previous year.

https://www.restaurantbusinessonline.com/financing/subway-slowed-its-closures-last-year-not-much#:~:text=Subway's%20revenue%20increased%20to%20%24971.9,through%20rebates%20and%20other%20means.&text=Subway%20has%20unleashed%20a%20host,such%20as%20a%20footlong%20cookie.

Mod Pizza

MOD Pizza's annual revenue is $398.0M. Zippia's data science team found the following key financial metrics about MOD Pizza after extensive research and analysis. MOD Pizza peak revenue was $398.0M in 2023. MOD Pizza has 2,530 employees, and the revenue per employee ratio is $157,312.

$150k revenue per employee ratio!

https://www.zippia.com/mod-pizza-careers-31728/revenue/#

Who’s declaring bankruptcy?

 

[Bray123]

It's all from the Office of Made-Up Statistics.

The wage increase was implemented on 1st April, so it's way to early to compile & publish figures.

 

[Aglaopheme]

It's all from the Office of Made-Up Statistics.

The wage increase was implemented on 1st April, so it's way to early to compile & publish figures.

It’s not too early to post their 2023 profits. I am not trying to compare anything, I am simply saying these companies are doing fine. Some making record profits in 2023. Clearly, they can afford to pay their workers a living wage.

 

[ll74]

Why, because its true? Because this is exactly what everyone not named Newsome saw coming?

Because it's a dumb thread. More whining

 

[Bray123]

It’s not too early to post their 2023 profits. I am not trying to compare anything, I am simply saying these companies are doing fine. Some making record profits in 2023. Clearly, they can afford to pay their workers a living wage.

Absolutely, if they were making profits in 2023 they could afford to pay their workers a proper wage. The employment trends won't be available for at least another 12 months, if we need to compare salaries/profits/employment there are plenty of European countries with the same outlets but better pay structures.

 

[Comshaw]

Interesting.
Anyone have the McDonalds app on their phone? Want to do a little social experiment?
Open the app up and tell us how much a Quarter Pounder With Cheese Meal costs at the Mickey Ds closest to you?
"Prices vary by location"
I live in Houston Texas and the price of a meal is $7,79

Western Washington state: $8.79

Comshaw

 

[censurat]

UNEXPECTEDLY: In-N-Out burgers are about to cost you more – but only in California.

In-N-Out has put up its prices – blaming them on the $20-an-hour minimum wage was introduced in its home state of California.
It now mean’s its famous Double-Double with fries and a drink is typically more than $10 in the state’s 275 restaurants.
When the new rule took efect on April 1, In-N-Out president Lynsi Snyder said she had blocked major prices rises to protect cutomers
‘I was sitting in VP meetings going toe-to-toe saying, ‘We can’t raise the prices that much, we can’t,’ Snyder told Today during an interview.

They can’t sell at a loss, either.

 

[MajorRewrite]

UNEXPECTEDLY: In-N-Out burgers are about to cost you more – but only in California.

The price of junk food is obviously very important to you.

How sad.

 

[Sean Renaud]

In and Out has how many locations outside California again? I looked up the prices over the last few years. That this story exists shows how liberal the media obviously is. Price goes up less than a dollar after a wage hike? News. PRice has gone up just as much every year in recently history. . .nothing to see here.

 

[ChloeTzang]

This is actually pretty funny. You get what you vote for.

Fast food workers are getting a taste of what higher minimum wages REALLY mean - and it's not good. Staff who work at Wendy’s, Pizza Hut, Del Taco and Jersey Mike’s in the state are all getting fewer hours or days......​

https://www.dailymail.co.uk/yourmoney/consumer/article-13619877/fast-food-minimum-wage-money.html

 

[Wat_Tyler]

This is actually pretty funny. You get what you vote for.

Fast food workers are getting a taste of what higher minimum wages REALLY mean - and it's not good. Staff who work at Wendy’s, Pizza Hut, Del Taco and Jersey Mike’s in the state are all getting fewer hours or days......​

https://www.dailymail.co.uk/yourmoney/consumer/article-13619877/fast-food-minimum-wage-money.html

More with less.


Imagine that!!!


Now, who saw that coming???

 

[MajorRewrite]

This is actually pretty funny. You get what you vote for.

Fast food workers are getting a taste of what higher minimum wages REALLY mean - and it's not good. Staff who work at Wendy’s, Pizza Hut, Del Taco and Jersey Mike’s in the state are all getting fewer hours or days......​

https://www.dailymail.co.uk/yourmoney/consumer/article-13619877/fast-food-minimum-wage-money.html

It’s amusing that the right wing now pretends to care about fast food workers.

Loons: “Better pay for workers is demonic!!! Our sacred fast food franchises must not be inconvenienced!!!”



You get what you vote for!!!! (Higher wages)

 

[LLCox]

Closure of fast food joints will result in fewer lard asses.

 

[ChloeTzang]

It’s amusing that the right wing now pretends to care about fast food workers.

Loons: “Better pay for workers is demonic!!! Our sacred fast food franchises must not be inconvenienced!!!”



You get what you vote for!!!! (Higher wages)

Read the article. Reducing hours. Reducing # of positions. Chains closing down, especially the smaller ones which can't afford to automate away positions.

Not exactly better pay if you lose that job or your hours are reduced. This is the divergence between Democrat fantasy and economic reality.

 

[MajorRewrite]

Read the article. Reducing hours. Reducing # of positions. Chains closing down, especially the smaller ones which can't afford to automate away positions.

Not exactly better pay if you lose that job or your hours are reduced. This is the divergence between Democrat fantasy and economic reality.

The economy is doing great. I’m sorry if that enrages you.

 

[Rightguide]

Dumb thread

Dumb idea to raise the Minimum Wage to $20. Then again, all Democrats are dumb.

 

[ll74]

Dumb idea to raise the Minimum Wage to $20. Then again, all Democrats are dumb.

What a great retort! You really worked that one!

 

[Rightguide]

What a great retort! You really worked that one!

The simple truth is always the best medicine for ignorance.

 

[YDB95]

Read the article. Reducing hours. Reducing # of positions. Chains closing down, especially the smaller ones which can't afford to automate away positions.

Not exactly better pay if you lose that job or your hours are reduced.

Of course, the people saying things like this are the exact same people who previously said (incorrectly) that fast food jobs were only ever intended for teenagers to learn something about working, not to support anyone anyway. Now suddenly they're concerned about fast food workers' well being? No, no they're not.

Back in my fast-food days, I worked at a place where you almost always got sent home early. It wasn't because wages were too high, it was because management was poor and they always vastly overestimated how much business they'd be doing. Luckily, I was able to transfer to another restaurant (in the same chain) that had a good manager, and shifts hardly ever got cut short. (It did happen, but it was the exception whereas it had been the rule at the other place.) And really, it's no surprise that fast food joints don't attract the best managers - after all, they don't pay terribly well, regardless of what the minimum wage is at any given time.

Now, whether it's fast food or stockbrokers or anyone in between, if you want to talk about the boss' inability to meet payroll, you've also got to look at the gap in wages. Which is currently the widest it's been since decades before there even was a minimum wage at all. That is where the elusive money is disappearing to, not into the pocket of the lucky burger-flipper who doesn't get sent home early.