CNN: http://money.cnn.com/2013/12/29/news/economy/minimum-wage-states/index.html?hpt=hp_t2
$15?! That's a lot for fast foods. I honestly don't see how it'll work.
[Money-talk] Minimum wage to rise in 13 states on Jan. 1.
- Thread starter Smurfboy
- Start date
CNN: http://money.cnn.com/2013/12/29/news/economy/minimum-wage-states/index.html?hpt=hp_t2
$15?! That's a lot for fast foods. I honestly don't see how it'll work.
Plus it'll totally give those non-fast food employees a big bargaining chip when they ask for a raise. "Don't want to give me a raise? I'm putting in a app at BK, see ya!"
$15 an hour for unskilled labor makes no sense. this means that the dollar will tank very soon imo.
Everything is getting so damb expensive I think $10.00 - $11.00 is appropriate for minimum wage but yea 15 an hour is too much for none experienced workers.
Sure it does. Although with a min that high, people making close to that will also have to get raises, then hours will be cut, jobs cut, prices go up, unemployment goes up, then they will want a $20 min, then those making close to that..........
lol. More like a $5 menu. What will the poor, stoners and college kids eat now? $5 McChickens, $4 Top Ramen, $5 Box Mac & Cheese, $10 Ring Dings. Mass Hysteria.
Yeah but they'll think they can. And as long as they feel better about themselves, we've accomplished something by raising the minimum wage. Our happiness index goes up by .1% for a few weeks until everyone comes to terms with what you've mentioned. It's a victory all around!
I suppose it's not possible for the CEOs or even the share holders to feel the impact of any of this or reduce their profits to offset this? Not to say this alone could make up for the wage hike, but if the consumer sees their McBurger price go up could the Executive be paid less to? Kind of spread out the impact?
More like the $2.99 menu...
How much is a Big Mac with large fries and a soda? Haven't eaten at McDonald's in years. 5 guys spoiled my burger appetite.
Stupid people I tell you. If they raise it to 15 then EVERYTHING will go up in price. Even itune songs will probably go up 3 dollars a pop. People making 20 an hour will all of a sudden make 25-30. Gas prices will sky rocket.. Groceries will be at an all time high.. We will end up paying more taxes and the list goes on and on.
Then people will feel like they are back to square one because even though they are getting 15 an hour now everything around them has gone way up to balance the worth of the dollar... And they will be dumb enough to ask for another raise.
This is why 15 an hour for fast food services or any other minimun paying job won't work.
You want more money? EARN it. I know job hunting and landing a decent paying job is not easy but then again what is? If you have a hobby and you can make extra cash on the side through it then make it work for example there's people that DJ on the side or do tattoos on the side and I'm sure there's plenty more things you can do on the side to make extra butter.
Then people will feel like they are back to square one because even though they are getting 15 an hour now everything around them has gone way up to balance the worth of the dollar... And they will be dumb enough to ask for another raise.
This is why 15 an hour for fast food services or any other minimun paying job won't work.
You want more money? EARN it. I know job hunting and landing a decent paying job is not easy but then again what is? If you have a hobby and you can make extra cash on the side through it then make it work for example there's people that DJ on the side or do tattoos on the side and I'm sure there's plenty more things you can do on the side to make extra butter.
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Yeah, if people love your hobby (whatever it is), then I know they more than likely to pay you to do anything for them. My wife works at restaurant and she makes decent money. But on the hobby side, she makes home-make fudge chocolate with very rich taste. So far, she made almost more than $200 for the past few months because people are starting to ask her to make more.
She can make white chocolate mint candy, chocolate fudge with or without nuts, peanut butter-flavor with chocolate and much more. I cannot believe more and more people are asking her to make some more for them. Amazing. Hobby does give you a nice cash if you know what you're doing.
Oh I think most fast food restaurants will do fine without raising their prices much. The people who will be hurt are the people currently working who are slow and dumb or unskilled that they will have to be let go, and the people who will not get entry level jobs.
They will simply adjust to fewer higher skilled employees. They wont do on the job training anymore. They will work with local universities and community colleges to train people with the skills that they need. The employees will end of paying for their training. There will be one less avenue for people to bootstrap their life in America...
Praying for $15/hr to support a family based a job whose low required skills and intent is part time work for students. Yeah, that makes sense. Name one place, teacher, guidance counsellor, or job info site that even bothers talking about working at a fast food place or other minimum wagey job as a career to support yourself long term...... Zero.
"But, but, but... there's no jobs." That's funny, I've been working for a while and always found a job... even when I got pink slipped during a restructuring almost 10 years ago. And, I've sometimes moved to be closer to the job. Hey, it would be great if my work was within walking distance, but sometimes that better job is a decent drive away. Well, I've packed up and moved closer to work to get away from that 1 hr+ commute. If your area is bad, then pack up and move to another town. Too bad.
"But, but, but... nobody wants to hire me". Dress well, brush up that dusty resume, call some friends and scope things out, and get hold of recruiters who will do all the grunt work for you. Worked for me. I've never got a job or even an interview from applying to newspaper ads as there's probably 100s or 1,000s applying at the same time. You got to weed your way in there a different way some times.
"Corporations are greedy and pay low". Well, depends on the job. Expecting a burger flipper to earn the equivalent of $30k/yr ($15/hr)..... typically a full time equivalent is $2,000 per $1/hr.... is a desperation move. I've never worked a day in a fast food place, but have worked for minimum wage during crappy summer jobs. But then got good jobs after graduating with a business degree. Even got a company car later in my career and am not even in Sales. Just came with the job. Of course, I want more $$$ like anyone else, but considering the $$$, benefits, annual bonus and all that company top up during pay cheque contributions I can't complain what I get now.
"But, but, but, I had to take this crappy job, so they are talking advantage of me with low wages". Too bad. Nobody is forcing you to take it. And I bet the people who are more likely to be stuck going through it all every day are people who have little money, need to support a kid or two, have poor family/financial planning and spending, and ultimately got themselves stuck in this situation from the start when they were young. They probably have a bunch of credit card charges piling up too. So at the end of the day, the fast food lifers begging for $15/hr likely didn't help themselves to start with so now it has snowballed. And if they are forced to work for crap wages when they are 40 or 50 years old, it means again, they never planned for a rainy day to start with.
"But, but , but, according to studies, McD's pricing won't need to go up much to cover it". Who knows. That may be true, but it's irrevalent as stock holders want profits, so that means any place who raises min wage kind of jobs to $15/hr will simply just cut people first and hope they can handle doing extra work as few companies will want to be the first guy who raises burger combos $1-2 before anyone else does. Are all these burger flippers willing to work for $15/hr, but knowing many will get axed and have zero job? Just like retail stores implementing self serve check outs where 4 self serves are overseen by one clerk hovering around, I'm sure some automation companies have ideas to substitute workers with another machine.
"But, but, but... there's no jobs." That's funny, I've been working for a while and always found a job... even when I got pink slipped during a restructuring almost 10 years ago. And, I've sometimes moved to be closer to the job. Hey, it would be great if my work was within walking distance, but sometimes that better job is a decent drive away. Well, I've packed up and moved closer to work to get away from that 1 hr+ commute. If your area is bad, then pack up and move to another town. Too bad.
"But, but, but... nobody wants to hire me". Dress well, brush up that dusty resume, call some friends and scope things out, and get hold of recruiters who will do all the grunt work for you. Worked for me. I've never got a job or even an interview from applying to newspaper ads as there's probably 100s or 1,000s applying at the same time. You got to weed your way in there a different way some times.
"Corporations are greedy and pay low". Well, depends on the job. Expecting a burger flipper to earn the equivalent of $30k/yr ($15/hr)..... typically a full time equivalent is $2,000 per $1/hr.... is a desperation move. I've never worked a day in a fast food place, but have worked for minimum wage during crappy summer jobs. But then got good jobs after graduating with a business degree. Even got a company car later in my career and am not even in Sales. Just came with the job. Of course, I want more $$$ like anyone else, but considering the $$$, benefits, annual bonus and all that company top up during pay cheque contributions I can't complain what I get now.
"But, but, but, I had to take this crappy job, so they are talking advantage of me with low wages". Too bad. Nobody is forcing you to take it. And I bet the people who are more likely to be stuck going through it all every day are people who have little money, need to support a kid or two, have poor family/financial planning and spending, and ultimately got themselves stuck in this situation from the start when they were young. They probably have a bunch of credit card charges piling up too. So at the end of the day, the fast food lifers begging for $15/hr likely didn't help themselves to start with so now it has snowballed. And if they are forced to work for crap wages when they are 40 or 50 years old, it means again, they never planned for a rainy day to start with.
"But, but , but, according to studies, McD's pricing won't need to go up much to cover it". Who knows. That may be true, but it's irrevalent as stock holders want profits, so that means any place who raises min wage kind of jobs to $15/hr will simply just cut people first and hope they can handle doing extra work as few companies will want to be the first guy who raises burger combos $1-2 before anyone else does. Are all these burger flippers willing to work for $15/hr, but knowing many will get axed and have zero job? Just like retail stores implementing self serve check outs where 4 self serves are overseen by one clerk hovering around, I'm sure some automation companies have ideas to substitute workers with another machine.
That's what I think will happen too.
However, what most of the fast food workers probably think is that if companies cave in to higher wages (whether it gets to all the way to $15/hr or not), I bet most think they will all have a job as well. Nope. There will be an axe coming down and 1,000s and 1,000s of jobs lost.
And unlike higher paid salary people working in an office who get canned and can get months (and even years!) of pay for being let go and can coast on this money, the fast food guys will likely get little severance pay.... maybe a few weeks worth here and there, but that's it so it won't carry them for long.
And when the 1,000s are lost, I'm confident many getting canned aren't the students working part time for some beer money, but the lifers who've been working there for 10 years who expect higher wages than the newcomers. They are the ones who are rallying for this wage increase in the first place and if I was McD I'd can them first.