Then there's the regulating of the regulators. Defund the police probably stems from something along those lines . Can't imagine other areas don't share a similar fate?More government is never the answer except in all the cases where it is. And the free market will step in to fix everything except when it doesn't. That's America in a nutshell.
The Legislature is the voice of the people and is intended to create laws. Instead it now creates agencies (bureaucracies) with broad, ill-defined powers. These agencies then make their own rules for us with no recourse. The Legislature is supposed to be the regulator of regulators. This is why many of us are very concerned about the "permanent bureaucracy" of the Federal government.Then there's the regulating of the regulators. Defund the police probably stems from something along those lines . Can't imagine other areas don't share a similar fate?
Yes, in California we have, CARB, short for the California air resource board and now we have a fast food council coming to a municipality or county near you if you have a population over 200,000. The fast food council will dictate what fast food can and can't do, how much they can pay their employees and such. The big thing right now is they want fast food franchises like mcdonalds to pay 22 an hour. If mcdonalds does not comply they will face a fine or worse. McDonalds may decide to switch to robotic automation in their food making. I don't usually eat fast food but if the fast food council gets it's way, and it looks like it might as the bill was signed into law by governor newsom, one of two things will happen, Either prices will go up to past the cost of doing business onto the consumer, or they will do layoffs to meet any profit margins and go automated. In turn this will affect any of the low income folks who tend to frequent fast food places as they can afford the inexpensive meals. I don't do fast food regularly, but this is completely asinine.The Legislature is the voice of the people and is intended to create laws. Instead it now creates agencies (bureaucracies) with broad, ill-defined powers. These agencies then make their own rules for us with no recourse. The Legislature is supposed to be the regulator of regulators. This is why many of us are very concerned about the "permanent bureaucracy" of the Federal government.
The funniest is when injured parties report me to me (that has actually happened).Can we add a rule prohibiting passive-aggressive trolling, whining to moderators about anything that "hurts my feelings," and aggressive looking avatars? Asking for a friend.
Just.......wow.Hard to tell if this is joking....
So you're against low paid fast food workers getting a pay rise in order to preserve the availability of low cost burgers for the low paid? This feels somewhat circular.Yes, in California we have, CARB, short for the California air resource board and now we have a fast food council coming to a municipality or county near you if you have a population over 200,000. The fast food council will dictate what fast food can and can't do, how much they can pay their employees and such. The big thing right now is they want fast food franchises like mcdonalds to pay 22 an hour. If mcdonalds does not comply they will face a fine or worse. McDonalds may decide to switch to robotic automation in their food making. I don't usually eat fast food but if the fast food council gets it's way, and it looks like it might as the bill was signed into law by governor newsom, one of two things will happen, Either prices will go up to past the cost of doing business onto the consumer, or they will do layoffs to meet any profit margins and go automated. In turn this will affect any of the low income folks who tend to frequent fast food places as they can afford the inexpensive meals. I don't do fast food regularly, but this is completely asinine.
Any good intentions by the California government often make things worse.
Haven't they learned enough from the first time with CARB?
Where do you think the money comes from if fast food workers get $22/hr for entry level jobs? The price of the food must go up to accommodate the high costs, or the fast food stores will have to use even more robotic cookers. Jobs like flipping burgers are not careers, but entry level jobs to get their foot on the first step of the employment ladder to gain work experience.So you're against low paid fast food workers getting a pay rise in order to preserve the availability of low cost burgers for the low paid? This feels somewhat circular.
its easy to speculate they would want as money as they can get, who wouldn't. Over the last 6 years the number of McDonalds workers has dropped from 400,000 to 200,000. Rising minimum wages will lead to even more job cuts and adoption of automation.I wonder what the burger flippers themselves would say if they were asked?
McDonalds is a franchise so the individual stores are generally small businesses, while some operate multiple stores and are not that small.McDonalds made $12B in profit in 2021. They could just, ya know - give them $22 an hour anyway.
Historically fast food restaurants, chain restaurants, and independent low to mid quality restaurants were largely staffed by highschool, college, and young adult people except for management and maybe cooking in the mid-quality establishments. It was a way to earn some spending money, offset college tuition, etc. and paid minimum wage with no benefits. Several of my high school friends and cousins were fast food cooks, some were waiters/waitresses, others busboys. It wasn't uncommon then for a fast food store manager to be a 20-something with a high school education.So you're against low paid fast food workers getting a pay rise in order to preserve the availability of low cost burgers for the low paid? This feels somewhat circular.
In the 70s-90s they did the work for a few years and moved up to better jobs. No one looked at it as a career except perhaps the store manager level and up.I wonder what the burger flippers themselves would say if they were asked?
McDonalds has over 38k stores worldwide and only 14k are in the USA. Divide $12B by 38k and you get about $315k average annual profit per store. Not really a huge number, is it?McDonalds made $12B in profit in 2021. They could just, ya know - give them $22 an hour anyway.
The price of the food must go up to accommodate the high costs,
This trend has been going on for years. As I already mentioned McDonalds has cut their workforce in half no doubt replacing entry level labor with technology.Raising pay and prices will reduce profits, cause some stores to close, and make burger-bots a better option for the remaining stores. How does that help anyone except Chinese robot manufacturers? If a low-end burger costs as much as a "premium" one from Five Guys, In-n-Out, Sonic, etc. where do you think people will go?
I tend to avoid too easy answers. Static economic analysis ASSumes that nothing else changes when you alter one factor or term. I am unwilling to follow you down that particular rabbit hole but McDonalds is a public company so publishes things like net profit margin (more like 25%), data but I repeat they are a franchise so corporate numbers may not reflect individual store metrics.I think you missed his point. Even taking his numbers, 200k employees generating 12B in profit (meaning above and beyond their cost of employment) is nearly $60k (on average). So each employee's work product is not only covering their own salary, but also generating $60k above their own salary. The average salary is roughly $47k if Forbes is to be believed, and those earning minimum wage are just a fraction of that. McDonalds operates on nearly 50% EBIT margin which is essentially printing money.
So the argument is: if we paid %10 more salary on average, profit might fall from $12B to $11B, margin might fall from 50% to 45%, which is unacceptable, so therefore we must raises prices? If that doesn't clearly illustrate the problem I don't know what would.
FWIW Mike Douglas was playing a fictional character, but there is no doubt that some greed exists in business (and politics).greed said:Greed is an uncontrolled longing for increase in the acquisition or use of material gain; or social value, such as status, or power. Greed has been identified as undesirable throughout known human history because it creates behavior-conflict between personal and social goals.
They aren't even in the top 100. Might be around 200th.I think you missed his point. Even taking his numbers, 200k employees generating 12B in profit (meaning above and beyond their cost of employment) is nearly $60k (on average). So each employee's work product is not only covering their own salary, but also generating $60k above their own salary. The average salary is roughly $47k if Forbes is to be believed, and those earning minimum wage are just a fraction of that. McDonalds operates on nearly 50% EBIT margin which is essentially printing money.
So the argument is: if we paid %10 more salary on average,
Show your math. Your equation ignores other overhead (FICA comes to mind).profit might fall from $12B to $11B, margin might fall from 50% to 45%, which is unacceptable, so therefore we must raises prices?
McD employees are free to find work elsewhere. Or improve their skills and get a better job or an actual career. None of my family or friends who worked in fast food or restaurants did it longer than a few years because they set higher goals and worked to achieve them. If you want to demotivate people, be sure to pay them more for not learning anything beyond how to run a deep-fryer and griddle.If that doesn't clearly illustrate the problem I don't know what would.
No. what I am against is the California government creating yet another agency with no accountability that is dictating policy. Policy should come from the legislature not from a third party entity.So you're against low paid fast food workers getting a pay rise in order to preserve the availability of low cost burgers for the low paid? This feels somewhat circular.
I wonder what the burger flippers themselves would say if they were asked?
McDonalds made $12B in profit in 2021. They could just, ya know - give them $22 an hour anyway.
It largely does. I worked retail (Eckerd Drugs) for a few months one year in the mid to late 80s. Even a store clerk position required a psych test, drug test, etc. And I made minimum wage which was around $4/hr. On my feet for 8-10 hour shifts during Christmas and Easter. If you haven't bothered to develop any skills, you will always be at a disadvantage. That hasn't changed.It's a problem when people assume the economy runs the same way today as it did decades ago. It doesn't. These days, if you are on the labor side of the equation you are extremely disadvantaged, even in professional fields.
I agree that corporations have far too much power and influence. Money isn't speech and corporations aren't citizens, much less people. It needs to be addressed.The USA is basically UCA now, United Corporations of America. Do what you want, exploit who you want, all with personal impunity under the corporate shield. The politicians in turn take their cut, then enact laws to make the corps stronger while weakening and punishing the little guy.
Wrong on both counts. I started work as a janitor at the middle school for two hours a day after school when I was 14 or 15 making $2.65 an hour in the very early 80s. My parents were state employees (public school teacher and small department manager at state highway dept of a small state).Only if you look at it from the lens of a boomer or from someone born on 3rd base and thinks they hit a triple.
Having lived it for a few decades tells me more. Fewer teens and young adults work anything like my parents did or my generation did, both for money and to better ourselves. There are still some go-getters around, but on average the work ethic and dedication to improvement is sorely lacking. TANSTAAFLAny objective look at the data will give a much different perspective.
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