General Minimum Wage Increase strategies by Tim Horton's founders heirs igniting viral argument on social me

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jason73

jason73

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timmys employs a shit load of foreign workers from the Philippines and the govt pays half their wages for the first 6 months of employment. so some of the workers are only costing the employer 7 bucks an hour
 
BeardOfKnowledge

BeardOfKnowledge

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jason73 said:
timmys employs a shit load of foreign workers from the Philippines and the govt pays half their wages for the first 6 months of employment. so some of the workers are only costing the employer 7 bucks an hour
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That's not a common practice in Ontario.
 
jason73

jason73

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Banchan said:
This is the case in Toronto too. Very hard to understand their English under that heavy pinoy accent.
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they are always so happy and work real hard though. its a way better choice than some EI hire who is only getting a job because they have too or get their EI benefits cut off
 
Banchan

Banchan

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jason73 said:
they are always so happy and work real hard though. its a way better choice than some EI hire who is only getting a job because they have too or get their EI benefits cut off
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Like a whole McDonald's or a whole Tim Horton's will be staffed by tfw pinoys. Not just one or two but the whole floor is staffed by pinoys. I find their accent really hard to understand and I'm sure they have the same problem with me so it makes ordering something difficult.
 
Banchan

Banchan

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jason73 said:
they are always so happy and work real hard though. its a way better choice than some EI hire who is only getting a job because they have too or get their EI benefits cut off
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The use of temporary workforce to fund expansion. Corporate company makes money by selling locations and then forever collecting commissions from that location but the use of twf means this model is not really profitable except for the corporate company. The wage hike is pretty much a market correction because if Tim's can rake in billion dollar profits but needs the government to pay their workers then something is wrong with that business model. Why should the gov. pick up the tab so Restaurant Brands can post higher quarterly profits by employing foreign nationals?
 
Pitbull9

Pitbull9

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Jan 28, 2015
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Greenbean said:
The billionaire didn’t become a billionaire by running a franchise restaurant. They became billionaires by selling the chain and it looks like they held on to a couple restaurants to still be part of it. Likely their franchise is netting them less than $100,000.

Also, where it says

“I'd be happy if this man were making a statement about the government or about the policy," she said. "What I think is really unfair, and where I think the bullying comes in, is that he's taking this out on his employees. He's behaving in a way that I think is so unfair to his employees, people who are trying to make ends meet."

I believe that he is sending a message to government with these actions. Sucks that the employees are caught in the middle and they’re the ones paying for the message to be sent. However, min wage increase will probably hurt the company more than the bad PR of this move.

Who is going to want to buy into a franchise that was once capable of netting $100,000 that will now only net $45,000 annually? The company will probably stop growing if potential franchisees are no longer interested.

Here’s the payroll math. Say it takes on average 4 employees to run a store (busy hours there will be more and slow hours will be less, but on average 4). Hortons is open 16 hrs a day. For 1 employee to be there for 16 hrs, it will cost an extra $38.40 a day. For 4 employees you simply multiply that by 4. That’s $153.60 per day extra to keep the doors open. That’s $1,075.20 per week. Since there are 52 weeks in a year that’s $55,910.40 in additional payroll per year. Now depending on how much a franchisee typically takes home at the end of the year, that could very well be cutting ones salary (salary assuming they are a hands on operator and not absentee owned) in half.

The median franchise owner salary is $82,033 (per An Investigative Report on Franchise Profits (According to a report on food franchising by Franchise Business Review, 51.5 percent of food franchises earn profits of less than $50,000 a year; roughly 7 percent top $250,000, with the average profit for all restaurants coming in at $82,033. That doesn't sound too bad, until you factor in the initial investment. Though some basic restaurant concepts cost less than $100,000 to open, many established brands require as much as $500,000 to start. And a full-service restaurant may require an initial investment of $1 million or more.)) so netting $100,000 as my initial assumption is probably not unreasonable.

Anyway, that is a long drawn out reason why investors and potential franchisees will take their money elsewhere. Smart people with lots of money don’t simply say aw shucks, Tim Horton is no longer a good investment but I like their coffee so I’m still all in. No, what’s more likely to happen is that franchise package they’ve been going over will get tossed in the garbage and they will adapt their investment strategy to something more lucrative and worthwhile. Money is all around us and Tim Horton is not the end all be all opportunity.
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I just got hard
 
Banchan

Banchan

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Greenbean said:
Banchan is a man and will be going by manchan from now on.
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RaginCajun @RaginCajun you wanted to know how I attract these people well this is fine example. Sometimes you can do nothing wrong and people will just decide to attack you because they're just shitty people.
 
Hauler

Hauler

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Banchan said:
I find their accent really hard to understand and I'm sure they have the same problem with me so it makes ordering something difficult.
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Keep raising the minimum wage and it won't be an issue. You'll be punching your order in on a keypad.
 
Filthy

Filthy

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just saw a study out of WA where raising the minimum wage resulted in employers cutting hours, and average low-skill low-income worker lost $125/month of income.
 
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