"McDonald's usually requires "$750,000 of non-borrowed personal resources" before considering an application, according to its website. Taco Bell requires net worth of $1 million, while Burger King requires $1.5 million."
McDonald's Franchise Owners Hold Meeting - Business Insider
It's no wonder the owners of such franchises want the taxpayer to subsidize their business by providing information to their employees on The Supplemental Nutrition Program for Women, Infants and Children (WIC), as well as other benefits via social service agendices. It seems many wealthy owners got hoodwinked by corporate America too. Let's help the employees and the owners by boycotting McD's and all fast food businesses on Thursday. Maybe then the corporate office will take note and share some of the largess (ha ha, not in this age of greed is good). In fact I've boycotted them for years, too much salt, too much fat and way to many calories.
And you think thats rich?You find a lot of Asian and Indian families that pool their money to buy in. Me personally...? No way in HELL would I invest in fast food,their isnt enough profit.
And your article talks about the declining profits. Hardly a selling point for increased wages.
I'm not suggesting it's a selling point for higher wages, however, it does not justify low wages and no benefits. In San Francisco the minimum wage is $10.55 per hour. See:
The Job Loss Myth | Raise The Minimum Wage
San Jose $10/Hour Minimum Wage Goes Into Effect; Businesses Adjust « CBS San Francisco
Economists Say City Minimum Wage Means Big Boost for Working Class | San Francisco Public Press
The Business Case for Raising the Minimum Wage | Raise The Minimum Wage
What is a "low wage"? In China people work for one or two dollars an hour. They'd be happy for 8/hr.
Look at the UE rates of teenagers. Their unemployment rate is almost lock step with increases in min wage.
Those jobs simply disappear. Studies to the contrary do not count survival bias by companies that had a few low wage workers and a lot of higher wage workers not affected by min wage.
This is basic Econ 101. No wonder libs dont get it.