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Desperate for workers, US restaurants and stores raise pay
Associated Press ^ | May 13, 2021 | Christopher Rugaber

Posted on 05/13/2021 9:54:42 PM PDT by Olog-hai

U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases.

McDonald’s, Sheetz and Chipotle are just some of the latest companies to follow Amazon, Walmart and Costco in boosting wages, in some cases to $15 an hour or higher.

The pay gains are, of course, a boon to these employees. Restaurants, bars, hotels and stores remain the lowest-paying industries, and many of their workers ran the risk of contracting COVID-19 on the job over the past year while white-collar employees were able to work from home.

Still, the pay increases could contribute to higher inflation if companies raise prices to cover the additional labor costs. Some businesses, however, could absorb the costs or invest over time in automation to offset higher wages. …

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Food
KEYWORDS: employment; food; labor; maximumwage; minimumwage
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To: Meatspace

Higher prices means fewer customers than you would have gotten with the lower prices. It does not guarantee how many fewer customers, which could be a sizable number. You willing to shell out $12 for a Big Mac and/or $20 for a “combo” meal?


21 posted on 05/13/2021 11:18:13 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Meatspace

More likely he will be out of business faster, but we will see. I wish them the best.


22 posted on 05/13/2021 11:25:22 PM PDT by Robert DeLong
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To: Olog-hai

“ You willing to shell out $12 for a Big Mac and/or $20 for a “combo” meal?”

The Whataburger near my house starts people at $15 and I get my Whataburger combo for just over $8.

There will be no $20 combo deals at McDonalds.


23 posted on 05/13/2021 11:25:52 PM PDT by Meatspace
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To: Meatspace

Wait until they do have to pay the $15/hour.

And wait until the effect hits Whataburger.


24 posted on 05/13/2021 11:27:46 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Meatspace

They will find a way to put out the combo meals with LESS labor!!!


25 posted on 05/13/2021 11:27:58 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: Olog-hai

An ambitious person today might be able to weasel his way into a gig that he might not have been able to land a year ago...


26 posted on 05/14/2021 3:17:35 AM PDT by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: Mariner

Home prices go down with increased interest rates.


27 posted on 05/14/2021 3:34:12 AM PDT by NotQuiteCricket
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To: Olog-hai

Pay mor? Geneus. Who wuld have thunk that wud git mor werkers...


28 posted on 05/14/2021 3:35:25 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Hodar

Now a Big Mac is gong to cost $5,888.23 for each one!!!!


29 posted on 05/14/2021 3:36:11 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Robert DeLong

Riding wages are always a good thing in the long run.


30 posted on 05/14/2021 3:37:33 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Olog-hai
You willing to shell out $12 for a Big Mac and/or $20 for a “combo” meal?

Come man, you are not that economically stupid, are you? If wages go up it is almost negligible to the end consumer. If a cook makes 60 hamburgers an hour and he gets a raise and now makes and additional $6.00/hr then that adds $0.10 more to each hamburger. See how that works?

31 posted on 05/14/2021 3:41:30 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Meatspace

The combo deals are already more expensive at McDonalds than they had been, nearing $10 - while dollar menu items still remain cheap (I cobble together meals from that).


32 posted on 05/14/2021 3:41:41 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Hodar

AND, as so many ignore, so does the buying power of those giddy over their $15/hr wage.

They are no better off than they were before.

Just how it works.


33 posted on 05/14/2021 3:51:33 AM PDT by Adder ("Can you be more stupid?" is a question, not a challenge.)
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To: central_va

There are more people involved than just a cook.

Maybe 5 people, at the least.

So you are up to $.50 with no increase in productivity or other mitigating factors.

So your dollar menu burger just went up to $1.50.


34 posted on 05/14/2021 3:57:59 AM PDT by Adder ("Can you be more stupid?" is a question, not a challenge.)
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To: Olog-hai

Backdoor minimum wage hikes without having to pass any new legislation. All under the guise of helping struggling families (who are only struggling because the state governments shut down their own economies).


35 posted on 05/14/2021 4:02:22 AM PDT by 2aProtectsTheRest (The media is banging the fear drum enough. Don't help them do it.)
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To: 2aProtectsTheRest

Been saying it for months! Wage war with the Federal Government.

Always, always remember that minimum wage isn’t about a fair wage for skills, it is eugenics and about eliminating people from the labor pool.

“Documenting the use minimum wage by eugenicists, Thomas C. Leonard wrote in 2005 that progressives:

“believed that binding minimum wages would cause job losses. However, the progressive economists also believed that the job loss induced by minimum wages was a social benefit, as it performed the eugenic service ridding the labor force of the ‘unemployable’.”

https://medium.com/the-enclave-of-others/the-racist-history-of-minimum-wage-5dd71ebf0770


36 posted on 05/14/2021 4:31:37 AM PDT by EBH (Republics are only meant for a good and moral people. 1776-2021 May God Save Us.)
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To: Olog-hai

And prices will go up separate from market force making it artificial. This is in no way a good thing.


37 posted on 05/14/2021 4:38:25 AM PDT by JoeRender
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To: BenLurkin

6 States are cutting off the extra $300/wk to get people to go back to work.


38 posted on 05/14/2021 5:18:03 AM PDT by Pollard
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To: Pollard

Prices go up so wage raise means nothing...

In 1950 the hourly wage was a dollar


39 posted on 05/14/2021 5:30:25 AM PDT by Hojczyk
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To: central_va
That is really only true is inflation is not rising faster than wages. When that doesn't happen, you create a constant devaluation of the currency. Eventually you bankrupt those trying to live on fixed incomes, like retirees. In fact, those who are retirees living on fixed incomes, are always the ones hit the hardest by rising prices.

But now, do your best to explain why rising wages are always a good thing in the long run, as you erroneously claim.

I made 10 times what my father made, but in reality I had less buying power than he did.

If your claim were true than everyone would have had 100.00 an hour incomes supplied to them during the Great Depression.

40 posted on 05/14/2021 5:43:31 AM PDT by Robert DeLong
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