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Most places have done away with the dollar menu. Charging a little bit more than their dollar menu isn't going to kill anyone...the food they are eating off that dollar menu might kill them though.
McD's still has it..called the $1 and more menu.
Taco Bell still has it.
Plenty still have it.
Even Denny's has gotten on the bandwagon with their $2, $3 and $5 breakfast menu items.
They can't get rid of them because corporate tells them they have to have these loss leaders.
Where did you read that most have gotten rid of them ?
Most want to and have complained to corporate about it but they can't.
If Yum generates $24K per employee and has to pay out $23K per employee ($15/hr) where they currently pay $12K per employee then just how much do you think "a little" really is ? That's $11K more per year per employee.
McD's still has it..called the $1 and more menu.
Taco Bell still has it.
Plenty still have it.
Even Denny's has gotten on the bandwagon with their $2, $3 and $5 breakfast menu items.
They can't get rid of them because corporate tells them they have to have these loss leaders.
Where did you read that most have gotten rid of them ?
Most want to and have complained to corporate about it but they can't.
If Yum generates $24K per employee and has to pay out $23K per employee ($15/hr) where they currently pay $12K per employee then just how much do you think "a little" really is ? That's $11K more per year per employee.
I don't know what Yum is or where those numbers you have come from, but they would still be making a profit correct?
Yum is the blood sucking corporation that operates Taco Bell, KFC and Pizza Hut. They prey on and exploit mostly low wage workers.
It's still min wage.
They also go for the low end consumer so they don't generate a lot of revenue.
Taco Bell for example: target market is 18-34 males earning low wages.
What ? That's $1K GROSS profit per year you left them with and think that's just dandy.
They didn't pay any taxes yet.
They didn't pay for marketing yet.
They didn't pay off any loans yet.
That $1K is before any expenses/taxes.
Today they generate $12K gross per employee.
How can you talk business if you don't know about Yum Brands ?
Taco Bell, KFC, Pizza Hut are all Yum Brands.
Then they are operating an unsustainable business model and deserve to go bankrupt. We don't need business like this in America. They can move to other third world countries.
Then they are operating an unsustainable business model and deserve to go bankrupt. We don't need business like this in America. They can move to other third world countries.
Only if you mandate them to $15/hour.
A company has to generate revenue doesn't it ?
You just doubled their employee expense without doing anything to GUARANTEE them revenue to cover it.
They are profitable today because they know how to manage their money which includes salaries.
You don't get to decide who profits and who doesn't.
Then they are operating an unsustainable business model and deserve to go bankrupt. We don't need business like this in America. They can move to other third world countries.
What we definitely don't need in America is low cost food choices. How dare we provide affordable food.
Maybe we should just make the same food cost more, then it will be better.
If you base it on 1938. Minimum wage was at its peak in 1968. But nice try with that weak attempt .
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Originally Posted by urbanlife78
Why are we paying less for minimum wage now than we were in 1968?
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Originally Posted by urbanlife78
Google inflation calculator and put in today's minimum wage and compare it to how much that is in 1968, and then look at the minimum wage in 1968 and tell me which one is a higher value, today's minimum wage or 1968's minimum wage?
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Originally Posted by urbanlife78
The internet says you could have gotten a pair of jeans for less than $6 in 1968.
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Originally Posted by urbanlife78
The same reasons it has been raised in the past, inflation goes up and the wages try to keep up, unfortunately minimum wage lags far behind.
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Originally Posted by urbanlife78
Because inflation has gone up, thus the value of the minimum wage has gone down.
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Originally Posted by urbanlife78
And if you would go by the rate it was in 1968 and adjust for inflation, it would be almost $11/hr for minimum wage.
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Originally Posted by urbanlife78
For the same reason it has been raised before, to keep up with inflation.
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Originally Posted by urbanlife78
This country has raised minimum wage with the attempt to keep up with inflation.
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Originally Posted by urbanlife78
Raising the minimum wage is to make sure it is attempting to keep up with inflation.
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Originally Posted by urbanlife78
And if it kept up with inflation since 1968 it would be almost $11/hr now.
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Originally Posted by urbanlife78
Minimum wage in 1978 was $2.65/hr, if minimum wage kept up with inflation from that point it would be $9.47/hr today.
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Originally Posted by urbanlife78
The 80's was a bad decade for minimum wage seeing that it stayed $3.35 for about 9 years before getting a a $0.45 raise. Hardly what I would call keeping up with inflation.
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Originally Posted by urbanlife78
Minimum wage has not been keeping up with inflation, and it doesn't matter how much inflation went up during those years seeing inflation is higher today than it was in the late 70s.
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Originally Posted by urbanlife78
You say that, yet wages haven't kept up with inflation and the price of products and rent have gone up regardless.
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Originally Posted by urbanlife78
1968 is the peak, minimum wage pay has been downhill since.
...70 pages of Left-Wingers singing Kum-ba-ya and chanting "inflation" (snicker) and even that wouldn't be so bad, except they have no clue what "inflation" is.
First you all say they are sitting on piles of cash and hoarding their money.
I show you numbers to show they aren't.
And then you turn around and say "well then they deserve to go out of business" if they can't afford $15/hour.
You can't get blood from a stone.
The money really isn't there in these FF restaurants.
The money is at JPMorgan, Goldman Sachs, Gates Foundation, not in some FF franchise store.
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If you base it on 1938. Minimum wage was at its peak in 1968. But nice try with that weak attempt . 
