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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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Thus increasing unemployment filings with increasing min-wage baselines — furthermore, putting the taxpayers on a bigger hook.


61 posted on 05/31/2014 1:37:01 AM PDT by Gene Eric (Don't be a statist!)
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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!

I must confess your post had me confused initially.

I was thinking, electronic cards! cashless! doesn't that reduce employee theft? But, all things considered, it's to the employer's advantage that the theft is against us, the citizens, not him, specifically. Of course, we vote, and we have no excuse!

62 posted on 05/31/2014 2:00:09 AM PDT by cynwoody
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To: zeestephen
All the major restaurant and store chains and Temp agencies use E-Verify.

Well, then. There should be no immigrant problem, should there? They should have all long since self-deported, as Mittens advocated in 2012.

Either there is no immigrant problem or your statement is pure BS!

63 posted on 05/31/2014 2:10:10 AM PDT by cynwoody
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To: jttpwalsh

A few things have changed:

$2.01 in 1974 is equal to $9.40 in 2014.

$9.40 is actually higher than Washington state’s current minimum wage - $9.32 - which is the highest state wage in the country.

So, after we spent trillions of dollars on education, after we spent trillions of dollars on research and development, American youth today are worth less money than you were!

In 1974, about 4% of American workers were foreign born.

In 2014, almost 15% of American workers are foreign born.

To my eye, employers have received an undeserved bonus check for the last 40 years because of immigration policy.

I believe a $15 minimum wage will have two positive outcomes:

(1) American managers and owners will be forced to modernize businesses that are now built on cheap imported foreign labor.

(2) Jobs will be lost - but since those jobs will be paying $15/Hour, American workers will demand an end to mass immigration, an end to work visas, and an end to illegal workers.


64 posted on 05/31/2014 2:35:31 AM PDT by zeestephen
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To: Sequoyah101

I see a booming business in self order kiosks.

Followed by this...

http://www.gizmag.com/hamburger-machine/25159/

A couple of employees to clean up, stock the machines and handle problems....


65 posted on 05/31/2014 2:38:46 AM PDT by Kozak ("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
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To: cynwoody
OK.

Make a list of the major restaurant and store chains and Temp agencies that do NOT use E-Verify.

I'll call them tomorrow and check.

66 posted on 05/31/2014 2:49:51 AM PDT by zeestephen
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To: zeestephen
Make a list of the major restaurant and store chains and Temp agencies that do NOT use E-Verify.

I'll call them tomorrow and check.

Well, obviously then, E-Verify doesn't really work, does it?

Credit card fraud in these United States runs in the single-digit basis points by volume. It's a similar problem.

How is it possible to check a credit card in < 1.5 seconds, and yet it isn't possible reliably to verify a random individual's eligibility to work in the US?

Do you suppose it might be because E-Verify is a paper tiger, made so by political forces?

67 posted on 05/31/2014 2:58:28 AM PDT by cynwoody
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To: Qiviut

Just one problem:

http://www.viciousbabushka.com/2011/07/michigan-woman-arrested-for-vegetable-garden-and-no-pot-plants.html


68 posted on 05/31/2014 3:28:42 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: NormsRevenge

Wait’ I thought raising the minimum wage will grow the economy .....

Well, Pelosi thinks that and she is never wrong....


69 posted on 05/31/2014 4:00:31 AM PDT by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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To: RWB Patriot

As soon as I saw the picture, I said ‘ruh roh - front yard’. The ordinance regulates “aesthetics, height of grass and weeds”- doesn’t say gardens specifically, from what I read. The court will likely agree with the city, but then again, maybe you’ll get a rogue judge who likes to garden.

We’re zoned agriculture so we can do anything - my garden is in the “front” field, visible to the traffic. A nearby city is now allowing 2 chickens (no roosters & some other restrictions) per yard so people can have eggs. My aunt lives in a community with a very strict homeowner’s association - she plants her veggies between the landscape bushes, mostly in the back yard, but she did have tomatoes (indeterminate, not staked up so they stayed low) on both sides of her front stoop. I’m amazed at the veggies she gets - last year, she did better than I did with a small raised bed. People should be able to grow their own food somehow.


70 posted on 05/31/2014 4:02:54 AM PDT by Qiviut (Obama: A Caesar at home & a Chamberlain abroad, dividing the country & uniting the world against us.)
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To: ExCTCitizen

Hardee’s is coming to New England.


“Hardee’s is coming _back_ to New England.” ( <=- FIFY )

They were here back in the 1970s — the “Delux Huskee” was the best fast-food burger of the bunch; FRESH lettuce and FRESH, RIPE tomato. Yum.


71 posted on 05/31/2014 4:21:20 AM PDT by Peet (Liberals are the feces that are created when shame eats too much stupid. -Dale Gribble)
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To: Bubba Ho-Tep

..Maybe it says something about their respective business models....

Perhaps it does unless you account that mcds grosses about 28 billion, has over 35,000 outlets, employes over 1.8 million people.
In & out has zero franchises, being totally privately owned and employes 1,800 workers at 290 locations, all of which must be within 1 days delivery drive of a distrubition center. It is a good model for a slowly growing regional privately owned business, however the model doesn’t carry over to the scale of an international publically held business.


72 posted on 05/31/2014 6:13:56 AM PDT by bill1952 (taxes don't hurt the rich, they keep YOU from becoming rich.)
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To: zeestephen

I guess we will find out - thanks for your reply.


73 posted on 05/31/2014 6:32:48 AM PDT by jttpwalsh
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To: NormsRevenge

They recently shut down a Carl’s Jr. in my neighborhood.


74 posted on 05/31/2014 6:47:40 AM PDT by US_MilitaryRules (Did you just get off the short bus or what?)
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To: zeestephen

Feculent!

There should be no minimum wage.

A $100-a-head bounty should be placed on all illegals.


75 posted on 05/31/2014 7:01:14 AM PDT by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month.)
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To: zeestephen

If you go to the bureau of labor stats.... You will find the avg. hourly wage paid across all segments of workers is 16 dollars plus....

Fast food workers avg 9 dollars plus...

Sort of blows up your argument....

How’s that union job working out for you?


76 posted on 05/31/2014 7:13:47 AM PDT by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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To: US_MilitaryRules

a local Carls Jr added GReen Burrito food a couple years back, another became a Starbucks. a local weinerschnitzel is turning into a Starbucks too.


77 posted on 05/31/2014 10:05:26 AM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: NormsRevenge

Obama’s fault.


78 posted on 05/31/2014 10:08:35 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: Peet

Yes I guess I should’ve said BACK....but then I could say it’s a REPEET, Peet.


79 posted on 05/31/2014 1:47:43 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: Popman

Re: “Sort of blows up your argument....”

Not sure what that means.

In my earlier posts I was arguing that massive low skill LEGAL immigration has destroyed the wage scale for low skill Americans.

Since it appears to be politically impossible to stop massive LEGAL immigration, the $15 minimum wage is like an unexpected gift from heaven.

Millions of home grown Americans will now start applying for jobs they would not have accepted at a lower wage.

They will not take kindly to the fact that those $15/Hour jobs are currently held by foreign immigrants.

They will begin to vote against the politicians who favor massive immigration.

And, best of all, the companies that have sold their souls for cheap foreign labor will now have to pay $15/Hour for the immigrants they claimed were essential for American business!


80 posted on 06/01/2014 12:11:14 AM PDT by zeestephen
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