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Ok, now let's see what happens to fast food restaurants in Commiefornia

neil

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Let's keep track of how much the price of a meal goes up in fast food restaurants & how many fast food restaurants go belly up in California:

 
Insanity
 
If I am understanding correctly, larger chains are having to increase their minimum wage by 7 dollars an hour?

That should make a 10 dollar burger about 12 Dollars where labor costs are generally about 25 percent of overhead...but I am getting old so maybe I figured this wrong?
 
Here's a website that lists number of fast food restaurants by state per 100,000 people: https://www.nicerx.com/fast-food-capitals/

Currently, it has 82.3 for California, 65.5 for Florida, 89.7 for Maryland, 75.5 for Pennsylvania, and 75.8 for Texas.
 
Robots are coming regardless of wages.
True, but the people who might be hesitant to use a robot, or an ordering kiosk,
will be pushed that way by higher labor costs.
 
Gov. Gavin Newsom's administration also fears the measure would create “a fragmented regulatory and legal environment.”

Wow, even Newsom doesn't like it. From that link:


What a mess. But wait, it gets worse:

 
Someone doesn't understand restaurant labor budgeting or how most big chains employ their EBITDA numbers at the store level.

Any firm that folds even high wage jumps - either in response to labor supply or legislative action - into price points is run by idiots and deserves to fail.
 
Commie rat leftists will never learn.

When you work hard and get a pay raise, your quality of life improves. When the government forces across the board wage increases, the cost of everything goes up, those new wages get eliminated by the higher costs, and people on fixed incomes are ****ed. Good job, commie rat leftists...you ****ed your own people.
 

What's this about?
 

Hard work gets you ahead is the biggest lie, pre Trump, in the history of the country.

The Robber Barrons would sit around and laugh at the fools who believed so.
 
Cool story, broseph.

You ever gm'd a restaurant? Run multi-units? Worked for corporate?

Notice how McDonalds didn't close all its shops in NYC and Boston, and the price points didn't rocket after mandatory pay minimums?

That's because you make your adjustments in shift coverage, costs, processes, portion size, add-ons, and on-hand - not where the customer is immediately going to abandon you.
 
Restaurants will go belly up quicker if some way isnt found to attract staff. And nobody cares what you think of having to pay a buck or two more. Maybe fewer restaurant customers and shorter drive-through lineups will help reduce the obesity and diabetes epidemics in the USA.
 
Delivery services add costs and hurt revenue, but they have helped with customer retention, because a thirty-five minute wait in a drive-thru line is fury-making, but an hour while you're netflixing is just meh.
 


commie?

You're still afraid of 'commies'?

Try the 21st century. Has been for 22 years in fact.

Where were you

I used to get called "commie" a lot in the 60's, but that was because I wore bell bottoms & had long hair, like Jesus,

If you're still baiting 'commies' I suggest some Geritol and some Twilight Zone re runs
 
In CA, we believe that people that provide us service should maker enough to live on. A business is not guaranteed to make a profit. If you can only succeed by screwing your workers, there are 49 other states you can move to.
 
"Fast food prices have risen throughout the year. In July, Insider reported on some chains raising prices as much as 10%. The greatest price increases were 10% at Taco Bell, 8% at McDonald's, and 8% at Dunkin', followed by Chipotle and The Cheesecake Factory, according to analysis from Gordon Haskett."

And its only just begun
 
The day of cheap labor is gone right rats. It's about time. People have spoken.
Maybe you'll lose that gut if a burger costs you a dollar more. Cry me a river.

Go employees, quit if they don't pay you a living ****ing wage. If I can pay it, so can they. If they can't handle it, they should pick a different career. Maybe they can then work at McDonald's and be happy about payday.
 
Companies should be required to pay their employees enough that they do not qualify for welfare.

Any company whose full time employees are so poor that they qualify for tax payers funded assistance should be fined to recoup the cost to the taxpayers of subsidizing a private company's proffits.
 
Heh. Those are inflationary and materials cost driven.They will adjust if supply increases. If it doesn't, they are still largely offset by rising wages. What's happening, there, is not because of labor costs.

It bears repeating that rising retail prices are not at all related to how labor is budgeted in the industry.

You understand that the big firms don't front-load labor into price points?
 
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