Fast Food Strike!

[riser]

It's expanding.. and I kind of laugh about it. So many people out there want jobs.. the openings will be soon.

Check this article out about Subway:
http://www.nypost.com/p/news/business/going_off_track_wcrUQGV6AwnFiEs1k1bi9L

The average Subway store does $400,000 in revenue a year or $1100 a day in business. The Franchise Owner's margin is 8-10%! That's $32,000 to $40,000. Not too far off from what their employees are making.

For reference, $15/hour is $31,200/year.

Should the employee demand to make as much as the business owner who has invested $70,000+ into their business AND employees multiple people?

The demand is reasonably stable. The margins are based on the business model. Per article, sales are in a decline possibly due to pricing.

The numbers do not work to support paying the fast food worker more. Sorry guys, time to learn a skillset.

 

[wanamingo]

Lets be real here who only owns one subway franchise? Lets be even more real here and imagine your average subway, how much is a reasonable salary to open a subway in a gas station? 50k sounds about right. These guys are fast food managers, not corporate investment CEO's.

I can not stress this enough, at least from my POV, the people who want 15$/hr are the fringe partisan nuts, or people in cities like Seattle where anything lower than 15$/hr and you couldnt make enough to live there. I would be interested in seeing how much buying power min wage today has vs historically. Gas and milk get more expensive and min wage stays the same.

I found this breakdown interesting. http://www.startupnation.com/whats-the-average-income-of-a-subway-restaurant-owner/topic/10/

So if you are a hands off "Owner" and hire people to run the business you are still making 40-50k a year on an investment of under 100k (Potentially, you might invest more depending on the location. Subway can also lend you some money). Thats an awesome return, especially with multiple locations.

 

[riser]

It's at least $70,000 to start a Subway. Last time I checked, certain areas were over $100,000. My father wanted to buy into one when they started popping up everywhere.

A Tim Horton's was $75,000 to start, not sure what it is now since that was what my friend paid for his 7-8 years ago.

A Hungry Howie's pizza place was $250,000 for full rights and profit and that's the only way they open their franchise.

1980:
Minimum wage: $3.10 - $6,448/year
Average cost of a home: $76,000
Median Household Income: $17,710.00
Cost of a gallon of regular gas: $1.25
Cost of a gallon of Milk: $2.16
Minimum wage would afford you a house worth: $44,275

2010:
Minimum wage: $7.25 - $15,080/year
Average cost of a home: $221,000
Median Household Income: $30,234
Cost of a gallon of regular gas: $2.75
Cost of a gallon of Milk: $3.40
Minimum wage would afford you a house worth: $75,585

Based on that, minimum wage has more buying power than in 1980 except when it comes to housing. Though, housing numbers I believe are inflated due to the averaging of all homes and today there are more working couples than in 1980.

 

[gropouce]

$7.25/hour?
hope this is after tax...

i won't argue on this, since i don't know the rules for a business in your country, but riser, i hope you keep in mind that workers and business owners are interdependent...
Remember John Maynard Keynes.

 

[dogman_1234]

I am willing to pay an extra 40 cents for my Chicken and Bacon Ranch toasted sub combo, as long as they are willing not to pit in my food due to their $h!t wage. Believe me, you think it does not happen, it does.

Dangit, now I'm hungry!

 

[musical marv]

It's expanding.. and I kind of laugh about it. So many people out there want jobs.. the openings will be soon.

Check this article out about Subway:
http://www.nypost.com/p/news/business/going_off_track_wcrUQGV6AwnFiEs1k1bi9L

The average Subway store does $400,000 in revenue a year or $1100 a day in business. The Franchise Owner's margin is 8-10%! That's $32,000 to $40,000. Not too far off from what their employees are making.

For reference, $15/hour is $31,200/year.

Should the employee demand to make as much as the business owner who has invested $70,000+ into their business AND employees multiple people?

The demand is reasonably stable. The margins are based on the business model. Per article, sales are in a decline possibly due to pricing.

The numbers do not work to support paying the fast food worker more. Sorry guys, time to learn a skillset.

The fast food worker deserves more than a lousy minimum wage. Some of them work their butt off as I see myself in these stores.The owner gives a shit less about them. Read the story in the Huffington Post about the Dollar Stores in the business section and than perhaps you will change your attitude .

 

[riser]

They can be easily replaced. It is an entry level position with basic tasks. If they're hard workers, they should seek out better opportunities.

Let's be real. This isn't the only job out there. They choose to work there. They choose to work for that wage. If people weren't lining up for the jobs, pay would become an issue. One quits, another will gladly take the position.

In fact, most fast food places pay over minimum wage. If you listen, most are getting paid $8.25/hour, a dollar over minimum wage. It isn't much, it but isn't minimum wage either.

Again, the choice is theirs to work there. They can always go work somewhere else. But maybe the job is easy for them.. very basic.. and they like doing that job. But now they want more money to do a basic job? Not how it works.

 

[riser]

$7.25/hour?
hope this is after tax...

i won't argue on this, since i don't know the rules for a business in your country, but riser, i hope you keep in mind that workers and business owners are interdependent...
Remember John Maynard Keynes.

It's all relative.

You can get a basic apartment in most cities for $400-$450/month where people are making minimum wage. It isn't the best place, but it is a place to live considering the income level. I've seen studio apartments go down to $300/month. Or renting rooms from other people for $200/month.

The workers need the owners more than the owners need the worker. Multiple workers per one owner. There isn't a shortage of people applying for these basic jobs. If there was a shortage of workers, the job would pay more out of necessity. That isn't the case though.

 

[MU_Engineer]

$7.25/hour?
hope this is after tax...

They get more than $7.25/hour after "taxes" since the U.S. government gives people who "don't earn enough" extra money using the the Earned Income Tax Credit. You get a small amount withheld from your paycheck for taxes like everybody else. But at the end of the year you get all of that back plus a big chunk in your "refund" check. Plus they are also usually eligible for Medicaid and other services at the taxpayer's expense. Thus they end up making more than $7.25/hour when it's all said and done.

i won't argue on this, since i don't know the rules for a business in your country, but riser, i hope you keep in mind that workers and business owners are interdependent...
Remember John Maynard Keynes.

Keynes' theories have been proven false multiple times over the past 80 years, often spectacularly so. If he was right, we would have gotten out of the Great Depression in the mid-1930s instead of a decade later. The high interest rate and economic stagnation of 1970s and early 1980s would not have happened as that was thought to be impossible in Keynesian theory. We also would have had a robust economy and high employment participation for the past few years due to the trillions of dollars in stimulus spending in 2008-2009 rather than the continued Great Recession.

 

[dogman_1234]

Keynes' model was for the short run, not a total overhaul of the economic model. Unfortunately, politicians use Keynes' models as public policy to bolster the economy to look good and not realising the long run will be hurt. Keynes also said the long run aka 'classical economics' was the best ideology to dominate macroeconomics and promoted it in all active trade states.

 

[dogman_1234]

Keynes' model was for the short run, not a total overhaul of the economic model. Unfortunately, politicians use Keynes' models as public policy to bolster the economy to look good and not realising the long run will be hurt. Keynes also said the long run aka 'classical economics' was the best ideology to dominate macroeconomics and promoted it in all active trade states.

Do you really think they DON'T know what will happen in the long run?

I wouldn't put anything past them on anything.

 

[musical marv]

They can be easily replaced. It is an entry level position with basic tasks. If they're hard workers, they should seek out better opportunities.

Let's be real. This isn't the only job out there. They choose to work there. They choose to work for that wage. If people weren't lining up for the jobs, pay would become an issue. One quits, another will gladly take the position.

In fact, most fast food places pay over minimum wage. If you listen, most are getting paid $8.25/hour, a dollar over minimum wage. It isn't much, it but isn't minimum wage either.

Again, the choice is theirs to work there. They can always go work somewhere else. But maybe the job is easy for them.. very basic.. and they like doing that job. But now they want more money to do a basic job? Not how it works.

I see here which is dead wrong! from your post you have no real feelings for people unless they meet your own high standards.

 

[riser]

They can be easily replaced. It is an entry level position with basic tasks. If they're hard workers, they should seek out better opportunities.

Let's be real. This isn't the only job out there. They choose to work there. They choose to work for that wage. If people weren't lining up for the jobs, pay would become an issue. One quits, another will gladly take the position.

In fact, most fast food places pay over minimum wage. If you listen, most are getting paid $8.25/hour, a dollar over minimum wage. It isn't much, it but isn't minimum wage either.

Again, the choice is theirs to work there. They can always go work somewhere else. But maybe the job is easy for them.. very basic.. and they like doing that job. But now they want more money to do a basic job? Not how it works.

I see here which is dead wrong! from your post you have no real feelings for people unless they meet your own high standards.

Arby's and Chik-Fil-A tend to be the only places that I go where the food actually looks like the picture. They both pay higher than minimum wage too.

 

[riser]

They can be easily replaced. It is an entry level position with basic tasks. If they're hard workers, they should seek out better opportunities.

Let's be real. This isn't the only job out there. They choose to work there. They choose to work for that wage. If people weren't lining up for the jobs, pay would become an issue. One quits, another will gladly take the position.

In fact, most fast food places pay over minimum wage. If you listen, most are getting paid $8.25/hour, a dollar over minimum wage. It isn't much, it but isn't minimum wage either.

Again, the choice is theirs to work there. They can always go work somewhere else. But maybe the job is easy for them.. very basic.. and they like doing that job. But now they want more money to do a basic job? Not how it works.

I see here which is dead wrong! from your post you have no real feelings for people unless they meet your own high standards.

Arby's and Chik-Fil-A tend to be the only places that I go where the food actually looks like the picture. They both pay higher than minimum wage too.

 

[musical marv]

They can be easily replaced. It is an entry level position with basic tasks. If they're hard workers, they should seek out better opportunities.

Let's be real. This isn't the only job out there. They choose to work there. They choose to work for that wage. If people weren't lining up for the jobs, pay would become an issue. One quits, another will gladly take the position.

In fact, most fast food places pay over minimum wage. If you listen, most are getting paid $8.25/hour, a dollar over minimum wage. It isn't much, it but isn't minimum wage either.

Again, the choice is theirs to work there. They can always go work somewhere else. But maybe the job is easy for them.. very basic.. and they like doing that job. But now they want more money to do a basic job? Not how it works.

I see here which is dead wrong! from your post you have no real feelings for people unless they meet your own high standards.

Arby's and Chik-Fil-A tend to be the only places that I go where the food actually looks like the picture. They both pay higher than minimum wage too.

That still is not the solution. The solution make these business owners pay a little more higher wages.These people deserve it and start to unionize the fast food workers.

 

[Reynod]

You guys in IT could starve if the fast food strike goes on for much longer over there ... you might need to use google to figure out how to cook something.

I suggest starting by boiling some pasta ... and draining it and stirring in a jar of sauce.

Next we will move on to burning some meat ... stay tuned !!

 

[gropouce]

Next we will move on to burning some meat ... stay tuned !!

have you ever seen how their meat is charred?
Once it's burned, if you throw it with enough power, you can easily break some windows.
It's too early for them for the meat...

 

[chunkymonster]

If these fast food workers want a wage higher than the minimum, then why don't they organize and either join and/or form a Union. The tactic of demanding a higher than minimum wage for unskilled labor and then going on strike for it is standard union strategy, so they are already halfway there.

 

[Reynod]

Next we will move on to burning some meat ... stay tuned !!

have you ever seen how their meat is charred?
Once it's burned, if you throw it with enough power, you can easily break some windows.
It's too early for them for the meat...

Ok today we will start with the rice cooker.

simply unpack your new rice cooker and place one cup (metric or imperial) of rice into the cooker and then add 3 cups of water.

Put the lid on and press the start button.

In around 20 mins you will have some freshly cooked rice.

Next ... what to put with it ... stay tuned hungry people ... while i turn this part of the recepe over to gropouce ...

 

[knightmike]

There is a large supply of cheap labor and it grows larger every day.

 

[wanamingo]

Robots will do it cheaper, and they dont unionize.

Ive also never used a rice cooker.... Once I figured out how to make brown rice I just make a ton of it when I have to make some.

 

[Reynod]

The robot union ... hmmm ... just home they don't put bender on the union payroll ... he will drain them of credit and pi$$ it all away on cheap motoroil and robot hookers ...