Remember when Rightguide whined "The California fast food market is collapsing!" Yeah, about that...

[Rightguide]

All right, I'll bite if it will shut you up.
Yes, raising the minimum wage would cost jobs if you raised it that dramatically. But no one is calling for that, and you know it.

So, you don't think a 25% percent rise in the minimum wage in a single sector isn't dramatic for those owners? If you don't you've never run a business.

 

[rainsol]

Recall these numbers are based on Gov, Newsom's administration numbers in an election year. My prediction, they will go the same way almost a million of Joe Biden's employment numbers just went.

A hint as to why this might be true is the simple fact that so many fast-food businesses have simply closed down and have not reopened.

Simply fact, Joe lies and so does Newscum. When wages go up, its a good market for robot sales. Californica is not the national standard for anything except crazy legislators.

 

[Fuzzy1975]

So, you don't think a 25% percent rise in the minimum wage in a single sector isn't dramatic for those owners? If you don't you've never run a business.

I've ran a business, and served on the BoD of several others. Yes a 25% increase in the starting tier wage would be "dramatic" ( though I would use the phrase wage augmentation), however the increase was first mandated by government, second it was not "overnight". Third and most important, it had a long lead up time frame for the increase to land.

Corporations listen to the "wind", it is no secret that the legal minimum wage was due to rise. Public pressure was building and no BoD worth their salt would have failed to notice this, and planed for it. Financial forecasting would have been in place months, to even years in advance. The directions to mitigate the hit to the bottom line would have detailed, ( if you check out MacD's annual pubic shareholders documents I'll bet you'll find that buried in them) and CFO's would have prepared several methods to keep the bottom line profitable.

You coming in here with your childish mindset about multi billion dollar corporations being blindsided and taking a hit to the bottom line with the only recourse being a rise in the selling price to mitigate the increased cost is fucking absurd. It only shows your lack of business acumen, and ignorance about the financial plans Senior executives spend 90% of their time defining and forecasting.

It's no wonder, as RDS stated, you couldn't afford to live in Cali, and moved to butt fuck Idaho.

PS how about all those years where the shareholders dividends increased, while operating costs fell behind. You don't think they should have given something back to the people who created them? It took Government stepping in and saying "ok you've earned enough, time for the employee's to catch up".

 

[Rightguide]

Simply fact, Joe lies and so does Newscum. When wages go up, its a good market for robot sales. Californica is not the national standard for anything except crazy legislators.

Yes, and those lies are based on economic fantasies that only unearned wealth can imagine.

 

[YDB95]

So, you don't think a 25% percent rise in the minimum wage in a single sector isn't dramatic for those owners? If you don't you've never run a business.

I have run a business (and paid a living wage to my staff), but that's beside the point. The point is, Babyboobs asked (presumably rhetorically) why we didn't just raise it to $30 or $40. If he - or you for that matter - felt what really did happen was so dramatic, there was no reason to toss out bigger numbers.

And I've already provided some numbers as to how those owners you refer to are doing. This isn't going to put anyone out of business, and meanwhile it will put money in the pockets of people who really need it and will pump that money back into the economy. Just like people like you always say will happen if we cut taxes on the rich, except in this case it actually will happen.

 

[ChinoMoreno]

When California raised fast food wages, jobs actually increased.

That’s not what the industry wants you to think
The data is especially relevant ahead of a ballot measure to add $2 to California’s minimum wage.

 

[MajorRewrite]

When California raised fast food wages, jobs actually increased.

That’s not what the industry wants you to think
The data is especially relevant ahead of a ballot measure to add $2 to California’s minimum wage.

That article from Fast Company was very interesting. Thanks for sharing.