$15/hr for fast food workers by 2018

[XR-7]

you cant just say that and not give us a story

Hint: I don't put heroin needles in food because I was joking
They were actually clean needles

[Ad Bot]

[Headcrab Zombie]

i agree with that
it should be minimum wage not minimum wage for people flippin burgers

err
Looking back I think i kind of worded that funny
It kind of sounds like I'm accusing you of refusing to address it because I think you disagree... That's not my intention

just because you raise the minimum wage does not mean bread goes from costing 3 dollars to 6 dollars instantly

Of course not much
But food is a very competitive market and thus slim profit margin. Raising the cost of a huge expense (labor) requires more revenue to offset it, and that has to come from somewhere...
To some extent, that revenue will be made up by consumers having more money to buy stuff... but not if you go to fast at once

[Ninja Decoy]

You don't understand the economy do you? Minimum wage is supposed to be the minimum you can live off of. Prices haven't been going up because we are not putting an excessive amount of money into circulation. If we up the wages then prices will follow. Another side affect is that people won't want to do jobs we actually need like law enforcement because they can get payed more for doing practically nothing.

I don't think you understand that most people flat out cant live off of minimum wage because of how low it is.

Minimum wage needs to revolve around what area you are in. if you are in a city with a high living costs, minimum wage needs to be higher. On the other hand, if you live in a cheap area where it doesn't cost all that much to live, then minimum wage shouldn't be as high there as more expensive places.

Right now, for example of where I live, I make $9.50 an hour. If i lived on my own, i could barely make ends meat, and that's if i'm in a tiny studio cabin/apartment that isnt even up for rent right now due to them all being occupied. Imagine if I was making $1.50 less? It doesn't seem that much, but it stacks fast, and it makes it near impossible for someone to have a car and a place to stay. It should be relative to where you are, which most likely wont happen because big businesses like fast food chains or retail chains wont alter the wage based on location that easily.

okay then dont raise the wage and allow everything to keep going up and then not be able to pay for anything
just because you raise the minimum wage does not mean bread goes from costing 3 dollars to 6 dollars instantly

Also this. It seems most people think inflation happens instantly and that your local Walmart will hike in prices as soon as the wages change. It just doesn't work that or or that fast. You know how much of a profit margin a place like walmart makes? They aim for %100+. If they make less than double than what they paid for, they take away ALL bonuses. Retail and fast food chains are greedy. They can afford wages going up, but they don't want to.

Also, Prices of food has been going up but wages havnt. A 5 dozen pack of eggs used to be $10 not too long ago, but now its pushing on $15. Cheese has been getting pricier over the years. Chicken and hamburger used to be the cheap meats but now even those are getting pricey.

[MoltenKitten]

Out of curiosity I decided to google the inflation rate and according to the first link I clicked it is at 0%. I don't know how credible the source is though so here it is. http://www.usinflationcalculator.com/inflation/current-inflation-rates/

[SlayerZ99]

Nice generalization bud

Thanks pal

I was making it based on the area I live in Obviously its exaggerated

[shitlord]

Out of curiosity I decided to google the inflation rate and according to the first link I clicked it is at 0%. I don't know how credible the source is though so here it is. http://www.usinflationcalculator.com/inflation/current-inflation-rates/

last time it was recently known to be 0 was February and September of 2015
http://www.usinflationcalculator.com/inflation/historical-inflation-rates/

[Headcrab Zombie]

I don't think you understand that most people flat out cant live off of minimum wage because of how low it is.

$7.25/hr * 40hr/week *4wks = 1160. After taxes that's going to be like 870, depending on your tax rate. That's not enough for some people to even pay rent

I don't think you understand that most people flat out cant live off of minimum wage because of how low it is.
You know how much of a profit margin a place like walmart makes? They aim for %100+

According to the first result I found on Google, their net profit margin is 3.39%

[Tayasaurus]

Ugh tax rates, why did you have to mention tax rates.

[Headcrab Zombie]

According to the first result I found on Google, their net profit margin is 3.39%

Here's another quote I found

Walmart's $446 billion of revenue last year was eye-popping, but its profit margins are far from fat--between 3% to 3.5%.  If they cut that down by a percentage point--about what retailers like Costco and Macy's have been bringing in--that would give each Walmart employee about $2850 a year, which is substantial but far from life-changing.

$2850/yr is about (assuming 40 hrs/week) $.55/hour... An increase of $7.75, assuming their numbers are correct, and assuming no adjustments in costs or prices, would take a profit margin drop of 14.1%, pushing that margin far into the negatives. Even just a couple $/hr would push them into the negatives

[kahnu]

inflation

[TheBlackParrot]

i'm more for $10, $15's just going to cause low-end employment to stagnate and everyone's going to flip out over unemployment again

prices aren't gonna go up, companies aren't that stupid lol. they'll just stop hiring and hire the best of the best.

EDIT: many of the US states are over $7.25 actually, many plan to increase that in 2016 https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States#State

[Snoop Da Dogg]

if you're a fast food worker you don't deserve $15 an hour
like blackparrot said, $10 would be a more reasonable price.

[Ninja Decoy]

$7.25/hr * 40hr/week *4wks = 1160. After taxes that's going to be like 870, depending on your tax rate. That's not enough for some people to even pay rent
According to the first result I found on Google, their net profit margin is 3.39%

Oh Ill admit im wrong there. Everyday at work they mention certain percentages for the month/week/day, with >100% being a bonus for people who have been with the company 6 or more months and 105% being a "super bonus" . They also base the bonus on how many hours worked, so they will sometimes cut peoples hours to shorten the bonus and they cut peoples hours near black friday in order to cut what people actual make. Its bullstuff.

But anyway, back to the %s, i just misunderstood the numbers, my bad.

[AutoBahn]

Old, but relevant: https://hbr.org/2006/12/the-high-cost-of-low-wages
Even more relevant, from March of this year: https://operationsroom.wordpress.com/2015/03/19/higher-wages-and-turnover/

tl;dr higher wages reduces turnover which results in higher profit
Raising minimum wage to $15 for only a certain group is outrageous, though.
Raising total minimum wage to $10 would be a safer bet.

[Headcrab Zombie]

Oh Ill admit im wrong there. Everyday at work they mention certain percentages for the month/week/day, with >100% being a bonus for people who have been with the company 6 or more months and 105% being a "super bonus" . They also base the bonus on how many hours worked, so they will sometimes cut peoples hours to shorten the bonus and they cut peoples hours near black friday in order to cut what people actual make. Its bullstuff..

Yeah that's going off something completely different then. Of course since I'm not there I can't say what

Old, but relevant: https://hbr.org/2006/12/the-high-cost-of-low-wages
Even more relevant, from March of this year: https://operationsroom.wordpress.com/2015/03/19/higher-wages-and-turnover/

tl;dr higher wages reduces turnover which results in higher profit
Raising minimum wage to $15 for only a certain group is outrageous, though.
Raising total minimum wage to $10 would be a safer bet.

Yeah but I'm assuming they're leaving so they can work somewhere else that pays more
So if everywhere pays the same, that factor is kinda eliminated...