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Sooo..NYC Fast Food Workers Went On Strike. Want a Union.
Quoting: Burt Gummer Quoting: Anonymous Coward 28752316 Quoting: Burt Gummer Bussed in UNION thugs.....AGAIN. Quoting: Anonymous Coward 28256524
[link to money.cnn.com
"McDonald's, KFC, Burger King workers protest in NYC
"...several protests at different locations in the city, including Times Square and the Fulton Street Mall in Brooklyn. Workers from McDonald's, Burger King, and Yum Brand -run restaurants KFC and Taco Bell are expected to join.
Workers say they are asking for a pay raise to $15 an hour and the right to form a union. Currently, the median pay for the nearly 50,000 fast food workers in New York City is $9 an hour..."
Just think....they want McDonalds to pay them $15.00 (up from the 7.50-9.50) they pay them now.
Guess what happens to McDonalds food prices?
....then guess what happens to their ENTIRE business as a result when people stop buying due to high prices?
I will guess. Price is where supply and demand curves intersect. Price is a function of supply and demand.
If unions drive wages up, how does that affect what someone is willing to pay for a cheeseburger or how many cheeseburgers there are to sell? It doesn't.
So how will franchise owners pay higher wages? Well, money comes in to the cash register. Some goes into buying more cheeseburgers and keeping the electric on. Some goes into the owners pocket. I guess any increase in cost means the owner takes less in profits.
He gets less free money.
So long as he gets more free money than he would get in another business, he will keep his fast food restaurant running.
Businesses can always adapt to rising costs of materials and supplies. Their hysteria at increased labor costs is FAKE.
Nine dollars an hour in NYC? Who can live on that? Homeless people? You want to eat a burger cooked by a guy sleeps in a city shelter? Or on a grate or in a condemned building? Bathing in the mens room sink? OMG.
1) So the owner is supposed to take LESS and LESS money (profit) for his efforts starting and running that franchise?
2) Free money??? What free money??? This ain't no government operation!
3) Businesses can always adapt? Hysteria is FAKE???
You are kidding right?
Have you been away on MARS for the last 4 years???
Do I REALLY need to list the all the permanently BANKRUPT and DEFUNCT companies that couldn't do what you say.
Two EASY examples to prove how full of crap you are....
1) GM (saved by Obama union thuggery)
END OF STORY AND LIES.
Yes. The owner will take less and less profit until he is "earning" less than he could earn elsewhere. If he owns the real eatate under his store he will operate at no profit so long as his property holds its value.
Yes. "Free money". If I own a McDonalds and do not work there, I get checks in the mail for doing nothing. Other people work for me. They get paid wages. I get paid for OWNING the store, but ownership costs me nothing in effort or expense. I get free money.
Yes. The hysteria over labor costs is fake. The world won't end because a business pays labor a living wage and investors "earn" less profit. Hysterically predicting rising prices and failing businesses (no jobs) is just an attempt to frighten workers.
No. Unions didn't steal your Twinkies. Hostess failed because no one eats simple carbs, trans fats, and artificial crap anymore. There are better cupcakes--fresh, "all natural", on every block. Hostess didn't keep up with market preferences. It became obsolete. If no one wants your HoHo you can have all volunteer labor and still go broke.
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