Pizza Hut franchisees lay off more than 1,200 delivery drivers in California as restaurants brace for $20 fast-food wages

Comments

• IHadTwoCows@lemm.ee ⁨1⁩ ⁨year⁩ ago

  One thing that I have learned over the past 50 years is that conservatism absolutely does not believe in the success of small businesses. Their only motivation is to see how much they can get by screwing people out of the most money. Instead of whining about the cost of things going up because employees need wages, they would rather see a business go under an employee’s lose jobs then to actually support the business and the employees and help the economy grow around them. I have yet to hear from a single conservative who knows how business and economics works.

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• PizzaMane@lemm.ee ⁨1⁩ ⁨year⁩ ago

  investors.yum.com/news-events/…/default.aspx

  We repurchased 10 million shares totaling $1.2 billion at an average price per share of $119.

  They are just greedy.

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  • Blamemeta@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Pizza hut corp is not the frachisees. Its stupid, and greedy, but the franchisees are fucked in this situation.

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    • PizzaMane@lemm.ee ⁨1⁩ ⁨year⁩ ago

      I am aware. That doesn’t change the fact that is is a result of corporate greed.

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• ByteWizard@lemm.ee ⁨1⁩ ⁨year⁩ ago

  This is the completely obvious result of forcing wages higher than what is sustainable. Marxist libtards do not understand economics.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ ago

    I’m not opposed to a livable wage. What I am against is this stupid idea. Little places are excluded. Basically only large chains are required to follow it even though most are franchises.

    Bakers are excluded. It’s just stupid even if you agree with the intent

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    • intensely_human@lemm.ee ⁨1⁩ ⁨year⁩ ago

      Again it’s the not understanding economics. Not understanding that the market is a signal conducting medium, and that its success depends on those signals propagating, and that price controls destroy the signal conduction.

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• CM400@lemmy.world ⁨1⁩ ⁨year⁩ ago

  As far as I can tell, it’s not “franchisees”, it’s a corporation that owns all the franchises. Looks like a political stunt to oppose the new $20 per hour law.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ ago

    No. The title is clear. It’s a franchise.

    The way Pizza Hut works is they create the idea the. License it to a franchisee. Pizza Hut owns very few stores.

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