Yet another fast food worker strike

[theeedude]

How is an employee spending money better than a business owner spending money?

Business owner will spend less of that money percentage wise, compared to an employee. Or he'll spend it in a way that doesn't contribute much to overall economy, like bidding up asset prices.

 

[OutHouse]

If she wants $15 minimum wage, shouldn't she move to Seattle?

or north dakota.

 

[OutHouse]

Business owner will spend less of that money percentage wise, compared to an employee. Or he'll spend it in a way that doesn't contribute much to overall economy, like bidding up asset prices.

WTF.

 

[Orignal Earl]

You are under the misconception that there is any beef at all in there. That also sounds like the very definition of inflation. Am I also to assume almost everything else there is higher as well almost canceling out the added wages?

http://www.snopes.com/business/market/allbeef.asp

People are charging a lot more for rent. Our property taxes have gone up a little. Other then that, I haven't noticed any increases.

 

[squarecut1]

This happened at a Chipotle recently.

http://eater.com/archives/2014/09/10/chipotle-workers-quit-by-leaving-epic-sign-in-window.php

 

[JEDI]

This happened at a Chipotle recently.

http://eater.com/archives/2014/09/10/chipotle-workers-quit-by-leaving-epic-sign-in-window.php

lol.. didn't someone ~10posts above yours post the same thing 12hrs ago?

 

[Londo_Jowo]

This happened at a Chipotle recently.

http://eater.com/archives/2014/09/10/chipotle-workers-quit-by-leaving-epic-sign-in-window.php

Looks like none of them will be getting any unemployment as the restaurant has the evidence they walked off their job.

 

[Drako]

"Want to know why we are closed? Ask our corporate offices why their employees are forced to work in borderline sweatshop conditions."

LOL, I don't think anyone is being forced to work there, and I doubt the conditions are anything close to "sweatshop conditions". What a bunch of morons.

 

[Veliko]

"Want to know why we are closed? Ask our corporate offices why their employees are forced to work in borderline sweatshop conditions."

LOL, I don't think anyone is being forced to work there, and I doubt the conditions are anything close to "sweatshop conditions". What a bunch of morons.

If you stick up for the bigwigs a little longer, they might throw you a bone!

 

[nehalem256]

"Want to know why we are closed? Ask our corporate offices why their employees are forced to work in borderline sweatshop conditions."

LOL, I don't think anyone is being forced to work there, and I doubt the conditions are anything close to "sweatshop conditions". What a bunch of morons.

Said the employees who didn't show up to work :hmm:

 

[Drako]

If you stick up for the bigwigs a little longer, they might throw you a bone!

I am a bigwig

 

[JEDI]

I am a bigwig

make my stock go up, you peasant.

 

[Drako]

make my stock go up, you peasant.

Since you can't get a job at McDonalds, try Chipotle. It looks like they have openings in State College.

 

[cabri]

Business owner will spend less of that money percentage wise, compared to an employee. Or he'll spend it in a way that doesn't contribute much to overall economy, like bidding up asset prices.

the business owner puts that $20 back into the economy by purchasing something directly.

the worker only puts back $16 - the other $4 goes to the government(s)

and when the business owner wants that $20 to spend; prices go up to generate that $20 - therefore removing $20 from f the purchasing power of the consumer.

 

[ivwshane]

Minnesota just raised its min wage.

http://money.cnn.com/2014/04/10/news/economy/minnesota-minimum-wage/index.html

Guess what.

The local restaurant that I ate lunch at, the daily special went from $5.99 to $6.99 the same day. The reason: Min wage, that's what the waiter said. With the sales tax, tip, and drink, I'm now spending $10 for lunch. I guess I'll just stop eating lunch there or bring one in. Getting too expensive. I'm sure others will as well. The business will lose money.

And there you go, a real world example why businesses can't simply raise prices when their costs increase. Luckily for the owner, he has multiple options at his disposal to handle such cost increases and it's these other options that help keep rising prices to a minimum after a minimum wage increase.

 

[BoberFett]

And there you go, a real world example why businesses can't simply raise prices when their costs increase. Luckily for the owner, he has multiple options at his disposal to handle such cost increases and it's these other options that help keep rising prices to a minimum after a minimum wage increase.

Failed logic. Costs have to be passed on to the customer. If customers no longer find the product to be worth the price, they stop going there and he is out of business. You're making an awfully big assumption assuming he has other options. Restauranteering is a brutal business already, and a significant increase in the minimum wage will likely drive small shops out of business, further consolidating wealth at the corporate chains.

 

[nehalem256]

And there you go, a real world example why businesses can't simply raise prices when their costs increase. Luckily for the owner, he has multiple options at his disposal to handle such cost increases and it's these other options that help keep rising prices to a minimum after a minimum wage increase.

Such as going out of business?

 

[ivwshane]

the business owner puts that $20 back into the economy by purchasing something directly.

the worker only puts back $16 - the other $4 goes to the government(s)

and when the business owner wants that $20 to spend; prices go up to generate that $20 - therefore removing $20 from f the purchasing power of the consumer.

$20 spent is $20 spent, the problem is that businesses aren't spending that extra $20, if they were our economy would be doing better. It's why tax breaks have little return as a stimulus compared to an unemployment program and it's why construction based stimulus is better than reducing payroll taxes. It's all based on the multiplier affect and the fact that the poor and middle class are more likely to actually spend the money instead of sit on it.

See page 26
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/108xx/doc10803/01-14-employment.pdf

 

[ivwshane]

Failed logic. Costs have to be passed on to the customer. If customers no longer find the product to be worth the price, they stop going there and he is out of business. You're making an awfully big assumption assuming he has other options. Restauranteering is a brutal business already, and a significant increase in the minimum wage will likely drive small shops out of business, further consolidating wealth at the corporate chains.

History simply doesn't agree with you. I've posted plenty of studies to back up my opinion, what have you brought to back up yours?

 

[ivwshane]

Such as going out of business?

If it's the same business owner who decided to keep you instead of aborting you, yes he could make such a stupid decision. Then again businesses fail all the time so...

 

[BoberFett]

History simply doesn't agree with you. I've posted plenty of studies to back up my opinion, what have you brought to back up yours?

And even a basic understanding of business says that there are only a few options. One is higher prices. Another is to cut hours. And the other is to accept lower profits. Given the fact that many small businesses are already profit starved, I'm not sure how you think the third is an option. If you want to say that small business don't deserve to be in business I guess that's your prerogative, but then realize the only alternative to that is big business. And we all know how much you lefty loonies love them.

But as I said, I don't give a shit. I certainly don't give enough of a shit to go out and find studies that you'll simply dismiss as partisan anyway. Raise it as high as you want; I hope minimum wage earning morons are put out on the street by the truckload.

 

[ivwshane]

And even a basic understanding of business says that there are only a few options. One is higher prices. Another is to cut hours. And the other is to accept lower profits. Given the fact that many small businesses are already profit starved, I'm not sure how you think the third is an option. If you want to say that small business don't deserve to be in business I guess that's your prerogative, but then realize the only alternative to that is big business. And we all know how much you lefty loonies love them.

But as I said, I don't give a shit. I certainly don't give enough of a shit to go out and find studies that you'll simply dismiss as partisan anyway. Raise it as high as you want; I hope minimum wage earning morons are put out on the street by the truckload.

Of course you don't give a shit, you just want to give your opinion and nothing else. You are intellectually lazy like most of the people here. Of course you think I'd dismiss a partisan source, because that's all you'd have. Congrats! You maintained bubble! CBD in full affect!



Here's a more localized study for those that need real world examples.
http://davidcard.berkeley.edu/papers/njmin-aer.pdf

Oh and btw, you just listed three options all of which can be used in any variation and degree, the forth option? Do nothing and watch as your customers increase their own spending.

 

[BurnItDwn]

This $5.99 to $6.99 proce change is not a surprise, however, one would think that the costs of pretty much all food products increasing by like 200% over the last 5 or 6 years would probably contribute more to rising costs than employees making $2 more per hour. Also, according to the article, the wage increase are bing phased in over time.

I would bet the real costs are up 25 cents to 50 cents per meal, but, the owner is trying to exaggerate the cost increase to make a point/protest against a policy that does not benefit him personally.

 

[BoberFett]

Of course you don't give a shit, you just want to give your opinion and nothing else. You are intellectually lazy like most of the people here. Of course you think I'd dismiss a partisan source, because that's all you'd have. Congrats! You maintained bubble! CBD in full affect!



Here's a more localized study for those that need real world examples.
http://davidcard.berkeley.edu/papers/njmin-aer.pdf

Oh and btw, you just listed three options all of which can be used in any variation and degree, the forth option? Do nothing and watch as your customers increase their own spending.

Do you ever get tired of sucking your own cock?

 

[Matt1970]

Rather being deliberately obtuse, why not respond properly?

Try again:

Where do you think iPhones, consoles, and most clothes are made?