Posted on 12/11/2013 4:05:35 AM PST by grundle
Abstract it one more level -
a liberal who desires to feel good about themselves for being generous with other people’s money.
Here’s the fundamental problem. Say I go to walmart and put 25 small items in a shopping cart. I’m saying 8 times out of 10 I can self check that stuff and swipe my credit card faster than the person who is paid to do it all day all the time. How does that happen? So if they worked hard and efficiently, you could pay em more and use less of em. That’s my take on it :)
I'm guessing that is not the case. Any Freepers know for sure?
It’s been years since I went to a McD’s even for a coffee. The only fastfood joint I’ve visited is Subway, and that exactly once in the last five years.
They can all dry up and blow away...
I ran the numbers for Exxon Mobil one year (I think it was 2010). I took the company's net profit, and found a total amount of gallons of fuel sold (not the only product they sell, but keyed only on that to make my point). IIRC, the profit per gallon of fuel sold for Exxon Mobil that year was around $0.02 to $0.03/gallon. Federal and State taxes across the United States average about $0.47/gallon. Who makes the most off a gallon of gas? The government, with absolutely no investment in, or risk from, the operation itself.
Why would you assume you sell less burgers if you add twenty percent to it? Your competition had to do the same thing. But... reality... you don’t add it all on the cost of a burger. You spread it out between burgers, fries, COKES, etc. Back then... we sold 40 and 50 cent cokes. The cup cost us 8 cents each. We had about 3 cents in coke and ice in it. (that’s including rent on the ice machine). A large percent of our softdrinks we sold were the small ones. One day our owner came in and said we were going to offer 3 sizes. We went from small and large to small, medium, and large. 40 50 and 60 cents. Over night we sold way more of the 50 cent size than anything else. That was almost pure profit. You gotta be creative if you’re gonna run a restaurant and make money.
“Franchise holders can’t afford to pay a living wage because GRRREEEEEDY McD Corporate sucks all of their cash out of them in franchise fees.”
They’ll love that one even more than their current narrative.
Problem is, national minimum wage legislation will be forthcoming. The mega businesses will carve out exemptions or kickbacks for themselves and small businesses will get crushed - the exact result Marxists are aiming for. Democrats will support it because their union supporters have contracts guaranteeing them a raise (and higher union dues) when the minimum wage goes up. Republicans will support it because their MegaCorp donors like what they are getting...and to them small business owners are just disruptive Tea Party cranks, anyway.
I believe Pepsi used to own (and may still own) Yum Brands, which is KFC, Taco Bell, and at least one other chain...because these stores really sell overpriced soda pop for a huge profit, with some food on the side. So the pro-increase minimum wage crowd could look at that as ‘obscene profit’ and assume that the wage increase could be absorbed there...so I wouldn’t want to point that out too loudly.
The reason I used the $1 burger as an example was...no particular reason at all....I just pick one item from the menu. I assume that every item would increase by 20%...probably a simplistic assumption, if some items take more labor than others...but across the board, your trip to GutDonalds should cost 20% more.
Why do I assume you would sell fewer burgers if they went up 20%? Well, I assume that people’s budget for lunch is fixed, and the same amount of money will buy fewer burgers. My lunch budget is fixed...and I would brown bag it more often (probably 20% more often if the math comes out that way). And, when the wife or kids suggest ‘lets just have Subway’ for dinner instead of cooking....I will say ‘no’ more often.
In Kalifornia, the myth of underpaid teachers is long dead.....starting average is over 40K, with the average public skool teacher making nearly 68K.
Technically, you are very correct. I’m trying to find an explanation that makes this problem obvious to my friends who are less astute in Management Accounting.
The concept that Labor must generate a financial Return which is greater than its Cost seems to elude them. God forbid I mention Profit.
“In Kalifornia, the myth of underpaid teachers is long dead”
If you really want to torque off a teacher, point out that they only work 160+/- days a year. The normal work year is 230 days, accounting for weekends, vacation, sick days and holidays.
Then sit back and listen to the whining about homework correction and lesson planning as if they are the only people to take work home with them.
BTW, I am a former teacher.
Yeah... we always had a goal for food cost, and a goal for labor. In the end... the two had come together for an acceptable number. We updated the work sheets every single day with inventory received and hours worked etc. If one percentage was higher than it should be.... you better get the other one down during the month. (we won’t talk about end of the month inventory... that’s where you can spread the “damage” or the good news over a couple of months) :)
In Texas, the starting salary average of a public school teacher is about $25,000-$30,000 a year.
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