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Fast food CEO: Minimum wage hikes closing locations
Yahoo Finance ^ | 5/30/14 | cnbc

Posted on 05/30/2014 11:53:50 AM PDT by NormsRevenge

CKE Restaurants' roots began in California roughly seven decades ago, but you won't see the parent company of Carl's Jr. and Hardee's expanding there much anymore. Related Stories

What's causing what company CEO Andy Puzder describes as "very little growth" in the state?

In part it's because "the minimum wage is so high so it's harder to come up with profitable business models," Puzder said in an interview. The state's minimum wage is set to rise to $9 in July, making it among the nation's highest, and $10 by January 2016.

In cities in other states where the minimum wage has gone up considerably, Puzder said "franchisees are closing locations" after riding out lease expirations.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events; US: California; US: Tennessee
KEYWORDS: 30employees; california; carljr; carlsjr; ceo; cke; ckerestaurants; closing; cyberburger; economy; fastfood; hardees; hikes; jobs; layoffs; locations; lofan; minimumwage; nojobs; obamacare; tennessee; zerocare
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1 posted on 05/30/2014 11:53:50 AM PDT by NormsRevenge
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Can I supersize that recession for ya , Mr. Pres__ent?


2 posted on 05/30/2014 11:54:51 AM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: NormsRevenge

Who will be the first biz writer to identify the looming “fast food shortage” ?


3 posted on 05/30/2014 11:55:49 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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profit is evil, yaknow .. unless you’re a rich liebral.


4 posted on 05/30/2014 11:56:06 AM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: NormsRevenge

Economic policy set by people who couldn’t run a lemonade stand for profit.

Oh well—We’ll just have to bide our time until the Big One hits and Caleefornia slides into the Pacific.


5 posted on 05/30/2014 11:57:47 AM PDT by Arm_Bears (Shoot cops that shoot dogs.)
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To: NormsRevenge

But...

but...

but...

All the democrat economic experts said this wouldn’t happen...

I feel so... ...deceived...

/s


6 posted on 05/30/2014 12:00:07 PM PDT by WayneS (Don't blame me, I voted for Kodos.)
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To: NormsRevenge

Hardee’s is coming to New England.


7 posted on 05/30/2014 12:02:04 PM PDT by ExCTCitizen (I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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To: NormsRevenge

Imagine the ever-expanding inner-city food deserts!


8 posted on 05/30/2014 12:02:11 PM PDT by AD from SpringBay (http://jonah2eight.blogspot.com/)
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To: NormsRevenge

I'm shocked.

9 posted on 05/30/2014 12:03:04 PM PDT by Red Badger (Soon there will be another American Civil War. Will make the first one seem like a Tea Party........)
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To: NormsRevenge

Once the states start allowing snap cards to be used at fast food joints, all bets will be off. Imagine 50 screaming gubbmint dependents all trying to order their value meal at the same time. Imagine the fraud opportunities!


10 posted on 05/30/2014 12:03:16 PM PDT by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: NormsRevenge

CLOSED BY ORDER OF DEMOCRATIC PARTY


11 posted on 05/30/2014 12:03:32 PM PDT by PieterCasparzen (We have to fix things ourselves)
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To: NormsRevenge

People who advocate raising the minimum wage don’t have a clue. If you want to have some fun, ask a liberal if they support a $10/hr minimum wage. When they say yes, ask them if they would support a $50/hr minimum wage. If they say no, ask them where the line is between stupid and doable. If they say yes, tell them to get out of the gene pool.


12 posted on 05/30/2014 12:04:00 PM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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To: ExCTCitizen

Delicious!....................

13 posted on 05/30/2014 12:04:03 PM PDT by Red Badger (Soon there will be another American Civil War. Will make the first one seem like a Tea Party........)
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To: NormsRevenge

Moochelle is pleased.


14 posted on 05/30/2014 12:04:52 PM PDT by Gamecock (#BringTheAdultsBackToDC)
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To: NormsRevenge

Can we get Roy Rogers back then, Hardees?


15 posted on 05/30/2014 12:05:28 PM PDT by Phillyred
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To: NormsRevenge

Less fast “junk” food - The Mooch should be happy. For all those that find themselves without a job as a result, perhaps she could start a soup line at the White House and make soups out of her wonderful, organic veggie garden. I’m sure the WH chef would be willing to put a few soup pots on the burner every day.


16 posted on 05/30/2014 12:05:39 PM PDT by Qiviut (Obama: A Caesar at home & a Chamberlain abroad, dividing the country & uniting the world against us.)
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To: Qiviut

People will learn how to cook at home again and find out how much better it tastes than fast food if a Big Mac with fries is $13


17 posted on 05/30/2014 12:07:50 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: NormsRevenge

Do you think the ordinary low information jerk will see low priced restaurants closing and make the connection between that and the minimum wage?
I think they’re too stupid.


18 posted on 05/30/2014 12:12:51 PM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: NormsRevenge

I love situations like this one. It has three groups of people who deserve all of this grief coming to them. First you have the dumbass employees who think fast food work should pay $15 an hour. Then you have these companies selling grade c meat with sand stuffed in a tortilla and call it food. And then you have the vaunted customers, obese and too stupid to figure out that they are going to make themselves fatter and sicker. I can’t decide who to be more against!


19 posted on 05/30/2014 12:21:06 PM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: FlJoePa
Once the states start allowing snap cards to be used at fast food joints, all bets will be off. Imagine 50 screaming gubbmint dependents all trying to order their value meal at the same time. Imagine the fraud opportunities!

Already accepted at most fast food joints in California. No screaming hordes, but most restaurants have put up no loitering signs.

20 posted on 05/30/2014 12:23:02 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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