Posted on 09/28/2023 2:23:26 PM PDT by MinorityRepublican
We regret to inform you that, due to the recent downturn in the economy....
Thank the Lord that I don’t own a McDonald’s franchise in CA.
5.56mm
Now their hours will be cut to 4 hours a week.
I never eat fast food, but this is ridiculous. Who can afford a $12 milk shake?
They have kiosks everywhere in USA so they've already started to automate.
Ayn Rand is laughing the last laugh.
There will be shift managers, assistant managers, and General managers, all other positions will be eliminated.
Are there any Mexican fast food places besides Taco Bell?
Yup, the lights are going out in New York City.
Del Taco, mostly in California.
But 20 bucks an hour in California is like 10 cents in Mississippi if you compare cost of living.
When I was 18 years old and working in a fast food restaurant in California, I was paid 65 cents an hour. That was less than the minimum wage but my job was not covered by the minimum wage, and I got tips so it came out close to the minimum wage.
There is no such thing as a minimum wage.
There is only the minimum allowed job.
Any job below $20/hr is not allowed to be performed.
Since when is it the government’s job to ban jobs??
And I know how to cook a good hamburger too!!
What do I win????
I keep trying to make this point, but some around here, while they would probably agree to limiting increases in the minimum wage, suddenly do a 180 when it comes to limiting increases in their own wages. My point has always been that trying to chase inflated prices by also inflating wages (at any income level) just leads to more price inflation, followed by more wage inflation, ad infinitum. It’s the “wage-price spiral.”
While the wild government spending and inflationary energy policies of the federal government have got to stop, we also have to resist the temptation to just start demanding higher wages to compensate for price increases. The only wage increases that are not inflationary are those that are in response to proportionally higher productivity. But just boosting wages because people want more pay makes everything worse.
It’s not much different than what happened with the housing bubble and subsequent collapse. The price bubble was caused by too much easy money being showered upon buyers who couldn’t otherwise afford those house prices (plus the selling of mortgage derivatives). Does anyone who is now calling for wage increases believe that applying similar logic back then by handing homebuyers even more money to keep up with increasing home prices would have been a good idea? It would have just added jet fuel to the price spiral and made the inevitable collapse even worse.
We have to stop the madness or it won’t be long before the average wage will be $200,000 and a loaf of bread will cost $100, while those on fixed incomes are left in the dust and starve to death. There’s no way out of that upward spiral except total collapse.
In Gulf Shores, Alabama the McDonald’s starts off at $14.50 an hour, and Burger King is starting at $14.00 an hour. The Market dictates the price. State law still follows $7.35 an hour minimum wage.
This will not have the effect they think it will have. But that does not mean it’s a bad thing.
Taco Tico and some Pollo place
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