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If you haven't heard about it by now, there is a movement by fast food workers who are requesting $15/hour. I don't think they should get it, but I would like to hear some opinions from the board. What do you think about this?
If unskilled labor is paying $30k yr....how much is it going to cost us for skilled labor? I can't imagine.
Holy inflation batman--the good news is America will get thinner if this happens, because fast-food will become more of a special occasion occurrence...think about it...It costs a family of 4 over $30 to eat chicken from KFC today...how much is it going to cost if the cost of labor doubles???
I mentioned in another thread: Pay people what they are worth. I will add, not what the people think that they are worth. So how do we determine what someone is worth? If they want $15 an hour then we need to see if they as an employee are bringing in 3 x what they are getting paid. In an earlier post I used the example of a $6 meal being sold. Realize that a $6 meal cost more than just the employees pay. The employee did nothing of value as of yet. On top of that the $6 meal will be handled by more than one person. Additionaly we also need to consider those that work at the location that clean the place and maybe never came into contact with the $6 meal. I figured it took at least 3 people to deliver that meal. When you consider the cost to run a Mc Donalds, cots to rent the location, cost of the food it self, cost to advertise, well what is left over is not much. I am thinking that the value to the company is about $0.22 meaning that for the employee to make $15 an hour they need to sell just over 68 meals an hour, every hour that they are at work. When you consider that Mc Donalds is not open 24 hours then you would need 68 meals sold an hour for every 3 employees on site. That is what it would take to be able to afford $15 an hour for all employees working within a given location.
I have no idea what the cost of the food is, or what the rent is, or any other costs with running a Mc Donalds. Maybe someone with that knowledge can fix my numbers. I am going off what I think it would cost and what I think would be a logical amount.
I don't see how they could legally limit it to just fast food workers too. They're plan anyways is to demand something ridiculous like $15 so that they can end up settling for $9.50 or $10.
If it were $15 an hour I suppose the one good thing to come out of it is that people would stop eating fast food when their Big Mac goes from $3 and change to $6 and a "value meal" goes from $5 and change to $10. Perhaps there would be less obese. Then perhaps the super markets and restaurants would start making killer profits.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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They are asking for $15 minimum wage, not just for fast food workers. Typically fast food is already paying a bit more than minimum wage which here is already $9.19 and goes up every year. States and/or cities should set their own minimum wage based on the economy there. The federal minimum wage should be low, perhaps $8-10 to ensure no state sets one at $3-4. That $15/hour in San Francisco or NY City is still not enough to live on without assistance, while in some southern states it is enough to buy a house.
Might be easier to justify $30,000 for a fast-food worker than $20,000,000 for a CEO.
I don't see how...
Of course, it depends on the CEO and fast-food worker.
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