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

[fmw]

You both agree, he just isn't smart enough to comprehend that his table of inflation rates supports everything you posted. I bought my 1968 Ford Fairlane brand new for $2400, but I was also only earning $1.68/hour at the time. Gasoline was also only $0.25/gallon, as was a pack of cigarettes. My parents had just bought a new 4-bedroom home in 1968 for $12,500 in Fremont, Nebraska.

As a result of a glut of US dollars in Europe, due to the Marshall Plan in the 1960s, the value of the dollar began dropping. That is when Nixon took the US off the Silver Standard in 1969. Combine that with the out of control congressional spending on LBJ's "War on Poverty" and "Great Society" and it was the perfect formula for run-away inflation. Then OPEC formed in 1973 and there was an oil embargo, which exacerbated everything. By 1980 the interest rate on a long-term 30-year mortgage had reached 18%, and gasoline prices had quadrupled.

Prices have indeed increased by more than ten fold since the 1960s, and it is directly the result of excessive, and often unconstitutional, government spending.

I was there too. My first car was a 1964 VW beetle purchased new for $1650.

 

[RF667799]

I was there too. My first car was a 1964 VW beetle purchased new for $1650.

In 1976, I bought a new '77 Camaro for $4900. It wasn't a stripper, either. It had a V8, automatic, rallye wheels, and the top of the line Delco radio of the time.

 

[ALiberalModerate]

If the increase the cost of labor, they make robots look at lot more attractive.

Its still cheap labor either way. Mechanical automation tends to be very expensive, so labor has to be very expensive before it make sense. A franchise owner can't just drop millions on automation.

 

[longview]

Its still cheap labor either way. Mechanical automation tends to be very expensive, so labor has to be very expensive before it make sense. A franchise owner can't just drop millions on automation.

If adding an employee at $22 per hour with benefits costs, say $60 k per year, the automation looks a lot better!

 

[ALiberalModerate]

If adding an employee at $22 per hour with benefits costs, say $60 k per year, the automation looks a lot better!

We will see if anyone gets enough benefits to cost 60k a year. Moreover, a small percentage increase in the cost of a burger would make up the difference in paying someone a few dollars an hour more.

 

[longview]

We will see if anyone gets enough benefits to cost 60k a year. Moreover, a small percentage increase in the cost of a burger would make up the difference in paying someone a few dollars an hour more.

We are not talking a few dollars more per hour, but an increase from ~$10/hour to $22 per hour, alone $44k.

 

[ALiberalModerate]

We are not talking a few dollars more per hour, but an increase from ~$10/hour to $22 per hour, alone $44k.

How many people in a high income state like California do you think earn just $10 an hour? BTW, Chick-Fil-A takes better care of their workers than any fast food chain and also has the highest profit margin.

 

[longview]

How many people in a high income state like California do you think earn just $10 an hour? BTW, Chick-Fil-A takes better care of their workers than any fast food chain and also has the highest profit margin.

I suspect the average in California is higher but more like$11 to $12 an hour to start, still a vast difference to the proposed $22 an hour.

 

[Bleeding Head Ken]

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:

California lawmakers approve landmark fast food workers bill

California lawmakers on Monday approved a nation-leading measure that would give more than a half-million fast food workers more power and protections, over the objections of restaurant owners who warn it would drive up consumers' costs. The bill will create a new 10-member Fast Food Council...

www.yahoo.com

Having managed low producing fast food stores, I am certain that many will fold. Many will simply cut their hours to the most profitable times, such as lunch and/or dinner. I can get one worker in for food prep. Open 11 to 2 with 3 workers. Close the store until 5 and then get by with 3 until 8pm. Thats 3 workers getting 6 hours a day and one working 8.

 

[Bleeding Head Ken]

I suspect the average in California is higher but more like$11 to $12 an hour to start, still a vast difference to the proposed $22 an hour.

It also depends on the area. In wealthy white Marin county, they start at $18. In Fresno, it's $12. The moralizers, however, believe that one size fits all, and then wonder why so many people are out of work in low income areas, or do not see any benefit from higher minimum wage.

 

[Bleeding Head Ken]

We're looking at you Walmart and McDonalds...

https://www.washingtonpost.com/business/2020/11/18/food-stamps-medicaid-mcdonalds-walmart-bernie-sanders/

Sure. Raise the mandated price floor on labor. As a fast food store owner, I would fire the marginal employees and only bring in the productive ones who are reliable, especially when I shorten the hours because some times of the day just aren't worth the idle labor.

Meanwhile, your single mom of three who takes a job to supplement her SNAP and welfare is goijg to get fired. She often needs schedule changes and misses shifts if her kid is sick. She is fine with working the slower hours and makes fewer mistakes when there isn't a rush.

But to you, that outrages your morals, so to assuage them, you will consign her to permanent unemployment.

 

[mrjurrs]

Sure. Raise the mandated price floor on labor. As a fast food store owner, I would fire the marginal employees and only bring in the productive ones who are reliable, especially when I shorten the hours because some times of the day just aren't worth the idle labor.

Meanwhile, your single mom of three who takes a job to supplement her SNAP and welfare is goijg to get fired. She often needs schedule changes and misses shifts if her kid is sick. She is fine with working the slower hours and makes fewer mistakes when there isn't a rush.

But to you, that outrages your morals, so to assuage them, you will consign her to permanent unemployment.

That is a private business decision. Work less hours, make less money. If there is demand, someone else will open another option. Permanent unemployment at your business perhaps. You sound like someone that regrets having to increase your labor costs. I don't care, labor is clawing back their position in the profit equation.

 

[Bleeding Head Ken]

That is a private business decision. Work less hours, make less money. If there is demand, someone else will open another option. Permanent unemployment at your business perhaps. You sound like someone that regrets having to increase your labor costs. I don't care, labor is clawing back their position in the profit equation.

I am fine with supply and demand. Forced labor cost mandates disemploy the marginalized. I also don't believe in using violence to enforce moral conformity.

 

[mrjurrs]

I am fine with supply and demand. Forced labor cost mandates disemploy the marginalized. I also don't believe in using violence to enforce moral conformity.

So no wage is too minimum for you?

 

[fmw]

In 1976, I bought a new '77 Camaro for $4900. It wasn't a stripper, either. It had a V8, automatic, rallye wheels, and the top of the line Delco radio of the time.

My 1976 Buick Special was $3300.

 

[RF667799]

My 1976 Buick Special was $3300.

That sounds like a deal.

When I bought that Camaro, I was 18 and had no experience with car dealers. I might have been reamed, for all I know. I was on the lot looking at the car, when the salesman came up and asked me if I liked it and did I want to come in his office and talk about it. Once in his office, he looked at a few papers, scribbled that price on a notepad, and shoved it across the desk to me.

"How's that look?" he asked. I said it looked good to me, and then I signed some papers.

 

[LostInSeattle]

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:

California lawmakers approve landmark fast food workers bill

California lawmakers on Monday approved a nation-leading measure that would give more than a half-million fast food workers more power and protections, over the objections of restaurant owners who warn it would drive up consumers' costs. The bill will create a new 10-member Fast Food Council...

www.yahoo.com

"Commieformia"?

 

[fmw]

That sounds like a deal.

When I bought that Camaro, I was 18 and had no experience with car dealers. I might have been reamed, for all I know. I was on the lot looking at the car, when the salesman came up and asked me if I liked it and did I want to come in his office and talk about it. Once in his office, he looked at a few papers, scribbled that price on a notepad, and shoved it across the desk to me.

"How's that look?" he asked. I said it looked good to me, and then I signed some papers.

I have overpaid for cars a couple of times. I liked both of them, however.