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Andrew Zuber
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I find it interesting that workers are demanding 15 bucks an hour to work in fast food. I worked for Starbucks for eight years and while that kind of money would have been great as a barista, I sure wouldn't go on strike over it. Seems a bit absurd to me.

http://money.cnn.com/2013/08/29/news/fas......pt=hp_t2
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Al Angello
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Around here all the fast food restaurants have foreign workers, because American won't work for "CHUMP CHANGE".
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General_Magician
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Quote:
On 2013-08-29 12:34, Al Angello wrote:
Around here all the fast food restaurants have foreign workers, because American won't work for "CHUMP CHANGE".


Well, I got news for those who don't want to work for "CHUMP CHANGE" you better get ready to be broke all the time then and never having a penny to your name. You have to work for what the market will bear. At least that's what I have to do. We would all like to get paid big bucks, but it doesn't work that way sometimes and you have to adapt to the market and work for what the market is willing to pay you.

If you are not willing to work for what the market will bear, well be ready to be not working at all and to not have two nickels to rub together. Even the folks that get paid the big bucks like doctors and lawyers also have big student loan debt in the 6 figures to pay off as well, so in the end, there is no easy money even for the hot shot doctors and lawyers.
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mastermindreader
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What the market will bear and what corporations are willing to pay their employees are two entirely different things. The market would certainly bear a sixty cent increase in the cost of a burger, more than sufficient to cover a reasonable living wage that should be payed to employees by corporations who are making record profits off of their labors.
gdw
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What's the, hmm, is demographic the right word, that works in fast food? More specifically, those who are making being payed something comparable to the median.

Of course, the median is different than the average/mean, but the wages of managers can certainly throw things off such that the median may be the better of the two for reference.

Any who, the point is, even though there absolutely are those who are adults making their "living" working at McDonald's, and the like, but I am curious what percentage of those working for these kinds of wages are "kids," or those who are not so much "making a living" working there, but are just working a "job" growing up, or similar.

Not making a judgment one way or the other, and, of course, that doesn't do anything to help the single mother who's working nights at Burger King to survive.

I worked at Domino's Pizza after high-school for a year, before college, and I would have LOVED a higher wage. Not because I needed it for a "living," but it certainly would have helped with saving for college, and just having a social life. However, I was certainly not in a position where my wage was detrimental to my life. That doesn't mean I wasn't, at the time, enthusiastic about the notion of minimum wage increases, though, at the time, I was making more than minimum wage.
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landmark
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Quote:
On 2013-08-29 12:26, Andrew Zuber wrote:
I find it interesting that workers are demanding 15 bucks an hour to work in fast food. I worked for Starbucks for eight years and while that kind of money would have been great as a barista, I sure wouldn't go on strike over it. Seems a bit absurd to me.

http://money.cnn.com/2013/08/29/news/fas......pt=hp_t2

I guess I have trouble understanding why it would be considered a bit absurd to strike over a living wage. Even if you are working 40 hours a week, $10 an hour is $20000 a year, almost impossible to live on in NYC at least.
General_Magician
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Quote:
What the market will bear and what corporations are willing to pay their employees are two entirely different things. The market would certainly bear a sixty cent increase in the cost of a burger, more than sufficient to cover a reasonable living wage that should be payed to employees by corporations who are making record profits off of their labors.


Corporations are competing with each other for business, so they have to offer the best prices for their products or services. So competition plays a role in what the market will bear. Most business do look to be cost effective and will hire unskilled labor as cheaply as possible because of the competitive pressures they face in offering a good product at a reasonable price all while still turning a profit for shareholders. The shareholders get those profits from the company along with the government that taxes those profits (unless of course your Google who has managed to show a loss at their operations stateside but show profits in tax haven places, but if those shareholders take a dividend check from those tax haven corporations, they still could very well end up paying taxes on those profits that come out in the form of dividend checks).
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mastermindreader
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Where would you rather be a customer- at a company who pays its workings a reasonable living wage, or where employees are unfairly exploited in order to boost corporate and CEO profits? Slave labor would be ideal under the "competition" argument you are making. It would not, however, be moral or fair.
S2000magician
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Quote:
On 2013-08-29 12:48, mastermindreader wrote:
The market would certainly bear a sixty cent increase in the cost of a burger . . . .

What is the (average) price elasticity of demand for burgers?

It's entirely possible that the market wouldn't bear a sixty-cent increase, without the number of burgers sold dropping to the point that the total revenue is lower, not higher.
tommy
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$15 is £9.68 UK Sterling and the minimum wage in the UK is £6.31 which is 9.78 US Dollar. Then the amount of tax and cost living in different places matter. In my veiw $15 is far from unreasonable for a minimum wage today.
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acesover
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Quote:
On 2013-08-29 13:07, mastermindreader wrote:
Where would you rather be a customer- at a company who pays its workings a reasonable living wage, or where employees are unfairly exploited in order to boost corporate and CEO profits? Slave labor would be ideal under the "competition" argument you are making. It would not, however, be moral or fair.


I would rather dine at an establishment that has the best prices for the best food. I really don't check a company's records as to what they pay their employees before dining there. Do you? Really don't care how much the CEO makes either. Why should I.

That would be great advertising. Eat here. Because we pay our CEO the cheapest salary of all the others in this business. Where are you coming from? Or eat here we pay our employees higher salaries than any other such establishment. Yea coupled with your idea of raising each burger .60...they should say in business for at lest another 2 months. Do you realize the percentage hike .60 makes on the cost of a burger?

I am tired of hearing that we should keep hiking peoples salaries and higher for non skilled p[ositions. It seems that you are trying to make people just be satisfied with their position in life and not try and improve. Why go to school and learn a trade or skill when I can flip burgers and make $15 an hour? You have to give people an incentive to want to improve and get ahead in life. Not improve their position and take away their incentive. However when the plumber or the electrician sees that $15 an hour for flipping burgers he is going to think...well I deserve at least $60 an hour because I am skilled. So now the burger flipper says I need more so I canlive the lifestyle of the plumber and electrican. Lets not even get into the doctors and lawyers.

Face it. Besides management, at these fast food places "most" people that work there work there to supplement their income or are part timers and do not plan on raising a family by flipping burgers. It is what it is. And it serves a purpose.
If I were to agree with you. Then we would both be wrong. As of Apr 5, 2015 10:26 pm I have 880 posts. Used to have over 1,000
mastermindreader
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Quote:
On 2013-08-29 13:26, S2000magician wrote:
Quote:
On 2013-08-29 12:48, mastermindreader wrote:
The market would certainly bear a sixty cent increase in the cost of a burger . . . .

What is the (average) price elasticity of demand for burgers?

It's entirely possible that the market wouldn't bear a sixty-cent increase, without the number of burgers sold dropping to the point that the total revenue is lower, not higher.


You also need to consider the extremely small percentage of corporate profits that actually go to employee wages. Less than ten percent, I believe.

I don't believe burger consumption would be reduced if there was a minimal across the board increase in prices. BUT, the corporation can well afford to increase wages without such a price increase, so the choice should be theirs.

Additionally, a minimum wage increase also puts more disposable income into the hands of the same demographic that constitutes a large percentage of fast food consumers. Thus, it seems that corporate profits would likely increase.

It's the same rationale that Henry Ford recognized when he decided there would be more auto sales if auto workers could afford to buy cars.
TomBoleware
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Wouldn't be so bad if that hamburger went up and everything else stayed the same.
But when food prices go up gas prices go up, and when gas prices go up, everything else goes up.

That fifty cent increase on that hamburger sudden costs you much much more than you think.

Tom
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General_Magician
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Personally, I think if people want to make more money, then invest in yourself. That's the best, most important and most profitable investment anybody can ever make. But I would do that without going into debt, but that's just me. It's probably very difficult to accomplish if you are studying to be a doctor or lawyer though.
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LobowolfXXX
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Quote:
On 2013-08-29 13:47, TomBoleware wrote:
Wouldn't be so bad if that hamburger went up and everything else stayed the same.
But when food prices go up gas prices go up, and when gas prices go up, everything else goes up.

That fifty cent increase on that hamburger sudden costs you much much more than you think.

Tom


+1
"Torture doesn't work" lol
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Pop Haydn
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In terms of purchasing power, the minimum wage reached its highest level in 1968. When the 1968 minimum wage is converted into today's dollars using the official Bureau of Labor Statistics inflation calculator, it equals $10.55 an hour in 2012 dollars.

Minimum-wage workers make more money working in France or Australia than they do in the United States.

At $7.25 per hour, the federal minimum wage in the U.S. is lower than it is in many other developed countries, either when calculated as a percentage of the country's median wage or when adjusted for currencies' different levels of purchasing power, according to data from the International Labor Organization and OECD, respectively.

The latest push for a wage hike for America's lowest-paid workers from President Barack Obama, who on Tuesday proposed raising the federal minimum wage to $9 per hour. But such an increase would still would leave the U.S. behind several countries, and behind where we were in 1968.
mastermindreader
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Maybe I'm a bit dense this morning, but how does a fifty cent raise in the price of a burger at McDonalds effect the price of gasoline, which is largely governed by global oil prices?

I could just as easily argue that higher burger prices would LOWER the cost of gas. If, as suggested earlier, burger sales actually dropped, there would be fewer people driving to the fast food outlet, hence a lower demand for gasoline.

I didn't notice any spike in gas prices when the price of cigarettes went up. Or haircuts.

But the basic question remains the same- why is it unreasonable to expect employers to pay their workers a living wage? It seems like there is a corporate interest in KEEPING people in poverty.
Dannydoyle
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Quote:
On 2013-08-29 14:10, LobowolfXXX wrote:
Quote:
On 2013-08-29 13:47, TomBoleware wrote:
Wouldn't be so bad if that hamburger went up and everything else stayed the same.
But when food prices go up gas prices go up, and when gas prices go up, everything else goes up.

That fifty cent increase on that hamburger sudden costs you much much more than you think.

Tom


+1


Make that 2
Danny Doyle
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Slide
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"That fifty cent increase on that hamburger sudden costs you much much more than you think. "

Or less,

I don't see the connection between higher Big Mac prices an oil, but I can see a direct coorelation between higher Big Mac prices and a decrease in obesity, high blood pressure, and diabetes and the associated medical costs that keeps health insurance premiums hight. If less people buy because the price is too high, they might lead healthier lives and the cost of health insurance might drop.
Dannydoyle
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Bob an employee salary should be decided by what the work product is valued at. NOT by an arbitrary 3rd party decision on what a living wage is.

Does living wage include an X-BOX? Flat screen TV? New car? Air conditioning?

What is a living wage?
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
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