Look up how much a manager at in n out makes. It's not a franchise. It's all family owned. And very popular.they pay more for sure
General Dems cuck on 15$ min wage
- Thread starter Toelocku
- Start date
I don’t understand. If it’s such a great idea to have everyone making more money, then why not during a pandemic? I mean people especially need money right now, right? It’s almost like they admitted it’s a bullshit move by not implementing it during a pandemic because it will cost jobs and prices will rise on everything we buy, and they know it... so what’s the argument now for $15 min wage after the pandemic has passed? People will need a raise then, but not now? Lol
bernie never intended on actually implementing any of his crazy ideas. he just talks a good game so the dems dont lose the progressive vote. thats why he never fights when the party fucks him in the ass. he just hands over the donations to the DNC and endorses whoever they tell him too. its all a big scam
M
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Summary data for Bernie Sanders, 2020 cycle
This page highlights the fundraising details for the presidential campaign of Bernie Sanders for 2020. For more information, click through the page.
www.opensecrets.org
Just see where you donate to, on his website.
Bernie Sanders Official Website
Change will never come without political participation. Join the political revolution today.
berniesanders.com
Happy to take everyone's donations, can't demand help back when he's got a chance.
Even though it's morally imperative.
M
member 3289
Guest
Excellent postI agree automation is coming for all of us. #Yang2020.
But I'm going to disagree with the idea that every penny of cost is passed to the consumer. It's just not true. Demand may go down with a higher price (or not) and you sometimes just simply see a squeezing of the profit margin. To regain that profit margin would then require cost cutting. But it isn't axiomatic that prices to the consumer go up when expenses go up. It's highly fluid depending on competition and friction in the market place.
Beyond that...businesses make their choices on many things beyond salary cost. In many cases, salary cost is nearly at the bottom of the pile. Predictability, repetition, stability, talent pool, infrastructure, etc all play into things at a higher rate for many industries than just salary cost. Tech for instance didn't accidentally end up in expensive ass California. Rock bottom Mississippi could be cheaper but couldn't support the other items.
I have no idea what the total cost per item at McDonalds is when calculating for a wage employee. But I would guess it's not very much compared to the cost of the supplies, machines, building, real estate, etc etc.
If I believe this study (fast google):
Raising fast-food hourly wages to $15 would raise prices by 4%, study finds
The current federal minimum wage is $7.25 per hour. Raising it to $15 (a 107% increase) would cause prices to rise an estimated 4.3%.www.marketwatch.com
Doubling the wage worker would result in a 4% increase in fast food prices. Backwards math tells me that wages account for around 3-4% of the cost of the food item.
And because of all those other fixed costs, it's not linear. $15 isn't a terrible sweet spot on goods.
$15 106.9% 4.3%
$22 203.4% 25%
The other interesting thing about this study is the looking at turnover. Is there a capitalist argument and benefit to raising wages?
View attachment 27218
Turnover crashes. So as you increase wage salary you reduce expensive employee turnover absorbing some of that cost privately with a benefit.
Probably what I care about most here (beyond the human quality of life) is that all of this results in 106% less funding of these individuals (via medicaid, section 8, and food stamps) at the cost of only 4% increase. That won't be all of these individuals of course if they have multiple children. But it will be many of them. 4% increase in prices to decrease a MUCH larger tax roll cost. This is a great investment and moves the cost back into the free market instead of government subsidizing.
Summary data for Bernie Sanders, 2020 cycle
This page highlights the fundraising details for the presidential campaign of Bernie Sanders for 2020. For more information, click through the page.
Just see where you donate to, on his website.
Bernie Sanders Official Website
Change will never come without political participation. Join the political revolution today.
Happy to take everyone's donations, can't demand help back when he's got a chance.
Even though it's morally imperative.
So you're mad at Bernie for not implementing $15/hour minimum wage?
It would have really helped him
Not signing up to view the article but I want to see the CBOs breakdown
Helped whom?
You're a strange one with your insults.
That wasn't an insult.
Sen. John Thune, Opposing $15 Min Wage, Says He Earned $6 As a Kid—That's $24 With Inflation
www.newsweek.com
Sen. John Thune, Opposing $15 Min Wage, Earned $6 As a Kid—That's $24 Now
"I started working by bussing tables at the Star Family Restaurant for $1/hour & slowly moved up to cook—the big leagues for a kid like me—to earn $6/hour," Thune wrote.
www.newsweek.com