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Some of them are likely not going to be able to do anything /but/ raise the costs to consumers. There's legal clauses in both investor and shareholder contracts that demand certain things, the most common would be x% of gross income is owed to them. I believe McDonald's franchises run with around a 2-3% profit margin, not so they can pocket it, but because they'll owe like 1% to the franchise for the use of the name and w/e other benefits come with it and because their contracts require it (for various reasons, it looks bad on McDonalds when a franchise goes belly up so they have to maintain some padding and so forth.
You're talking about an expense increase of well over $1 million, even if you figure of the 1.5-1.9 million employees, 500k already make $15/h and the rest all only work 30/h a week (and I have a feeling the additional cost is well over that.)
When we get down to the franchise level, figure average is 65 employees, and we'll figure what 10 of them are making $15/h or more already. Figure the other 55 get a raise $5/h so the increased expense is $429k a year. The average /gross/ for a McDonald's franchise is between $500k and $1M.
You people can thank your (dictator Cuomo) government for the loss of jobs. I guess they can climb on the Taxpayer gravy train, welfare, food stamps, etc
SNIP:
Tech Company Develops Robots to Replace $15 /Hr Workers – Can Produce 1 Burger Every 10 Seconds
Jim Hoft Jul 23rd, 2015 12:45 am
On Wednesday Governor Cuomo’s New York Wage Board set a new minimum wage for New York City’s 200,000 fast food workers.
City establishments will now be required to offer employees at least $15 per hour by the end of 2018.
The move also makes it cost effective for companies to fire humans and hire robots.
Momentum Machines has developed a robot that can put out one burger every 10 seconds.
all of it here:
Tech Company Develops Robots to Replace 15 Hr Workers - Can Produce 1 Burger Every 10 Seconds - The Gateway Pundit
The "rich" pay 80% of ALL Federal income tax. The "poor" don't pay a fucking dime in Federal income tax. The quickly vanishing Middle class thanks to BOBO the fucking Socialist Marxist clown pay the other 20%.
Millions of young people are leaving a failed education system thanks to the fucking unions without being able to read or write. These people will NEVER in their entire lives EVER to be able to get a decent well paying job.
Fast food is for teenagers and immigrants who can barely speak English. Increasing labor costs will probably put all these people out of work.
Fuck the workers!
Yeah, that's pretty much what you people do
If you're driving through New York you'd better pack your lunch.
Which one percent do you represent?If you're driving through New York you'd better pack your lunch.
Why is that? I spent most of last May and June in the city and never found a reason to pack a lunch.
Why just burger flippers? Shouldn't every low wage earner make fifteen bucks an hour, if they pass some kind of a new minimum wage law calling for fifteen bucks an hour ?
Don't drive through New York. Drive around and avoid New York. The extra cost in fuel will be cost-effectively offset by the money saved in avoiding their businesses.Why just burger flippers? Shouldn't every low wage earner make fifteen bucks an hour, if they pass some kind of a new minimum wage law calling for fifteen bucks an hour ?
Since minimum wage is the base for ALL wages, they will.
Which one percent do you represent?
Don't drive through New York. Drive around and avoid New York. The extra cost in fuel will be cost-effectively offset by the money saved in avoiding their businesses.
That means nothing to me. Which one percent do you represent?Which one percent do you represent?
The one percent that Republicans work for.
I was referring to actual people, not New Yorkers.Don't drive through New York. Drive around and avoid New York. The extra cost in fuel will be cost-effectively offset by the money saved in avoiding their businesses.
I own an apartment on 5th Ave in midtown. Why would I want to go around?
That means nothing to me. Which one percent do you represent?Which one percent do you represent?
The one percent that Republicans work for.
Get this. what in the heck is wrong with you people living in that state?
snip:
Cuomo on using executive power: 'I run the government'
Kenneth Lovett NEW YORK DAILY NEWS 07/22/2015 7:02 PM ET
JUSTIN LANE/EPA
Gov. Cuomo made it clear Wednesday that he's the boss in New York.
ALBANY — Gov. Cuomo made it clear Wednesday why he has recently bypassed the Legislature on different issues like raising the minimum wage for fast-food workers.
"I run the government," Cuomo said.
"I am the executive and therefore I use executive power. And that’s why the executive is given the power," Cuomo said during an appearance on upstate public radio’s “The Capitol Pressroom.”
Cuomo dismissed criticism that his actions represent a major power grab by going around the Legislature.
In addition to creating a board that has recommended raising the minimum wage to $15 an hour for fast food workers, Cuomo recently went it alone in appointing Attorney General Eric Schneiderman as a special prosecutor to investigate cases where unarmed civilians are killed by police.
all of it here:
Cuomo on using executive power I run the government - NY Daily News
Like the Clinton's and obama's and Soros, etc.?That means nothing to me. Which one percent do you represent?Which one percent do you represent?
The one percent that Republicans work for.
WOW! Republicans work for rich people.
