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Old 02-05-2014, 11:36 AM
 
5,190 posts, read 2,493,770 times
Reputation: 1721

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Quote:
Originally Posted by HappyTexan View Post
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.
We want only good paying companies here.

 
Old 02-05-2014, 11:38 AM
 
Location: Portland, Oregon
33,680 posts, read 9,506,216 times
Reputation: 5469
Quote:
Originally Posted by HappyTexan View Post
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.
I don't know your number either, nor do I know if they are accurate or not.
 
Old 02-05-2014, 11:39 AM
 
Location: Great State of Texas
75,026 posts, read 35,787,854 times
Reputation: 18160
Quote:
Originally Posted by lifeexplorer View Post
We want only good paying companies here.
Really ? When you become boss of America then you can dictate that.
Venezuela is doing that right now.
Maduro is fighting the capitalist pigs and seizing control and dictating prices all for the "worker class".

Inflation there just hit 60% and he still blames the capitalist pigs.

The stores he seized and held deep discount fire sales are still empty as there were no profits left to restock inventory.
So sad..that refrigerator you bought may be the last one on sale you'll ever see.

I believe what you want is communism.
 
Old 02-05-2014, 11:48 AM
 
6,931 posts, read 1,792,504 times
Reputation: 2609
Quote:
Originally Posted by urbanlife78 View Post
I don't know your number either, nor do I know if they are accurate or not.
They're not even remotely accurate. yum makes a LOT more then that per employee. The numbers over 50K per employee-keep in mind the majority of those employees are part time.

He pulled the numbers out of the thin air, thought they made him sound knowledgeable.

Go to yum brands, look up their total employee count, then check their corporate profit numbers. the math is well over 50k per employee. they're also a favorite to use for people because they have some of the LEAST valued employees.....but keep in mind they're a combination of united states and overseas employees. yeah.

So they're a favorite to use to manipulate the "poor poor corporation" numbers.
 
Old 02-05-2014, 11:48 AM
 
3,824 posts, read 1,416,036 times
Reputation: 1849
So if that is the case, then we should move to the inflation adjusted price of 1938's minimum wage of 25 cents an hour, which is roughly 4.13 .

I mean if it was their intention that 25 cents is a living wage, and we adjust for inflation, 4.13 should be perfect.




Quote:
Originally Posted by greywar View Post
I keep seeing the argument that minimum wage was never meant to be a living wage. So I researched it some. I've come to the decision that they are in fact wrong. In fact it was meant to be more then poverty wages....at a time when only one person was working in a family!

“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country”
FDR

So I was worried...what if it was out of context? So I found what it was part of, heres a more complete qoute:

"In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living."

PRESIDENTIAL STATEMENT ON N.I.R.A., 6/16/33
 
Old 02-05-2014, 11:49 AM
 
Location: Pacific NW
3,282 posts, read 1,643,327 times
Reputation: 2174
Quote:
Originally Posted by lifeexplorer View Post
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.
Clueless. So when big government doubles their wage costs it's the fault of the business they aren't making a profit? More prime liberal thinking there. Only government sucking the life out of taxpayers can afford to pay someone more than they're worth or the value they bring in.
 
Old 02-05-2014, 11:55 AM
 
6,931 posts, read 1,792,504 times
Reputation: 2609
Here are the 10 companies with the least valuable employees:

Companies with the Least Valuable Employees | Fox Business

For real giggles keep in mind that many of the employees listed are overseas-where they are paid a pittance.

Yum brands is #4.
 
Old 02-05-2014, 11:56 AM
 
3,824 posts, read 1,416,036 times
Reputation: 1849
Overall, I find these arugments on minimum wage to really miss the point

I don't see a lot of evidence that moderate changes in minimum wage will really have a big effect. . .but it will have some (higher prices/etc)

Yet - I find the idea that hiking a minimum wage is a bit like blaming the lifeboat the titanic sunk. After WW2 we had a lot of people who could could get paid a decent amount for little skill or ability. Europe was crushed, asia wasn't doing anything

Then the world moves on, there is competition. Americans have to compete for jobs. These low skilled people can no longer sign up for well paying jobs (they moved to mexico). So these people flood places like Wal-Mart or Yum Brands or whatever.

Those are the lifeboats. its not wal-mart's fault that the percentage of people working there to support a family has steadily risen for multiple decades. Its not wal-marts fault that people have no skills, no education, no ability to find another job.


I blame our ability to educate, and the people's ability to take initiative and compete globally

the last person I blame is wal-mart. I think they are the saint here. . .at least these non-skilled people can find 1 job
 
Old 02-05-2014, 11:56 AM
 
6,931 posts, read 1,792,504 times
Reputation: 2609
Quote:
Originally Posted by ChrisFromChicago View Post
So if that is the case, then we should move to the inflation adjusted price of 1938's minimum wage of 25 cents an hour, which is roughly 4.13 .

I mean if it was their intention that 25 cents is a living wage, and we adjust for inflation, 4.13 should be perfect.

And as I have indicated that was their initial stab at it, it quickly stabilized much higher.

Facts, what are they?
 
Old 02-05-2014, 11:56 AM
 
5,190 posts, read 2,493,770 times
Reputation: 1721
Quote:
Originally Posted by Haakon View Post
Clueless. So when big government doubles their wage costs it's the fault of the business they aren't making a profit? More prime liberal thinking there. Only government sucking the life out of taxpayers can afford to pay someone more than they're worth or the value they bring in.
It is the fault of the business if they can't afford to pay the minimum wage.

If they can't afford the increase on the minimum wage, they aren't running a sound business model and they deserve to go bankrupt. Please don't ask me what those employees would be doing after their employer goes bankrupt because I have no idea but raising the minimum wage makes me feel good.

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