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We've seen what unchecked and rampant liberalism has done to the middle class citizens in this country, as evidenced by Democrat-created hellholes such as Detroit, New Orleans, Trenton, Buffalo, Flint, Cincinnati and many other bastions of liberalism.
Then you add California's distinction of having the highest poverty rate of any of the 50 states as a front page story in the LA Times pointed out last month, add in the disastrous economic policies of our current President, and that's all you need to know about the 'benefits' of unchecked liberalism.
We've seen what unchecked and rampant liberalism has done to the middle class citizens in this country, as evidenced by Democrat-created hellholes such as Detroit, New Orleans, Trenton, Buffalo, Flint, Cincinnati and many other bastions of liberalism.
Yes. Because the entire world envies the economical prowess and stellar performance of such historical bastions of unmitigated conservatism as Alabama, Mississippi, Louisiana or Arkansas. Their economic success is the final proof that conservative economic policies work in real world and are NOT some ramblings of ignorant old farts, ridiculed by most of scholars of economics worldwide. They are not. Alabama is a proof.
Actually fast food places have a decent margin when compared to restaurants like, Ruby Tuesday, Boston Market and Red Lobster. Basically all these restaurants are in the same category, which is funny because McDonald destroys places like Red Lobster, and Olive Garden but yet Olive Garden pays their employees more than McDonalds
If McDonalds paid its employees more than Burger King, that would be in line with the real world. In the real world if you have a choice to work for company A, that has a good business and is profitable they will pay more for its employees vs company B, who is barely surviving and paying less.
What seems to be going on is McDonalds is paying the going rate for fast food workers, even though their revenues are much higher than the other companies. McDonalds isn't rewarding its employees for being more successful. That doesn't mean I think they should pay higher wages, they have a business scam, I mean plan and they stick to it, no matter what the market does.
I think the problem is that it is more for the franchisees that will have to pay out the difference in the margin rather than the individual stores. The franchisees foot most of the bill in day to day and renovations, not the companies. I am not sure how management partners like what the Outback group (a competitor to Darden who owns Red Lobster and Olive Garden) call their "franchisees" do that whether it is they front the money themselves or just manage the money.
A single person can get by on $15/hour which would be considered a "liveable wage".
But $15/hour isn't going to be a "liveable wage" for a single mother with two or more kids.
It's more so the case from location to location. $15 is enough for Seattle (they recently made minimum wage that much) and maybe other big cities like New York (where the main push for the fast food wages is happening.) It would be more than enough for many parts of Phoenix which has a much more livable cost of living. The issue is minimum wage is often talked about on a national sense, not a local push like it should be done. Don't get me wrong at all, family size is a part of it too but you can get welfare much more easily with kids than by yourself.
Corporate owns less than 11% of the McDonald's franchises in the US. 19% is the corporate margin, not the individual franchise margins, which average around 3% and were the focus of the Heritage study.
Corporate owns less than 11% of the McDonald's franchises in the US. 19% is the corporate margin, not the individual franchise margins, which average around 3% and were the focus of the Heritage study.
According to the McD's FDD report, the profit margin is close to 30% for the average store. McD's is the most profitable chain and won't be representative for all fast food companies though.
Trader Joes, Hobby Lobby, and others already pay nearly $15 an hour and they are still very profitable. Just saying
Agreed, and nobody is stopping people from working there instead of the places that only pay minimum wage. Just sayin'.
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