Comment on California Loses Nearly 10,000 Fast-Food Jobs After $20 Minimum Wage Signed Last Fall
BobaFuttbucker@reddthat.com 6 months agoAlternatively the company could’ve just exploited their labor less and dealt with slightly lower profit margins.
But the poor shareholders matter so much more than the workers that just want to pay rent and eat.
wintermute_oregon@lemm.ee 6 months ago
lol. You crack me up. As the article points out it made them unprofitable. So they laid people off or closed. You can’t take a lower margin when you’re already a negative margin.
BobaFuttbucker@reddthat.com 6 months ago
If a business that pays their executives 2000x more than their average employee can’t pay their workers a living wage it’s either too mismanaged or greedy to continue.
That sucks for the workers for sure, but fast food is not a crucial business and as long as there is demand, another business will fill the void.
wintermute_oregon@lemm.ee 6 months ago
lol. None of these are doing that. You think a franchise owner is making 2000x times their employees ? A McDonald’s profits about 100k. That means the demise owner has to put down 1 million to get a 10% return. That means they are making 5x an employee but carry all the risk.
You keep ranting about a living wage which by itself doesn’t mean anything. They were living in their wages before which means it was a living wage. Now they have no wages. So now they have an unlivable wage.
BobaFuttbucker@reddthat.com 6 months ago
lol you confused executives with franchise owners, that makes your argument irrelevant.