Are you all ready to start paying about $15 for a Big Mac?
- Thread starter JLM
- Start date
Yeah, there's a lot who probably feel that way- between raising the min. wage and introducing the H.S.T. a lot of fast food joints (and even a few slower food joints) are going to bite the dust.
yes, it's long overdue, b.c. should not be at the low end of the scale, but at the top.
the whining about going out of business because they might have to pay their help a couple
of dollars more is comical.
the whining about going out of business because they might have to pay their help a couple
of dollars more is comical.
The problem is, Talloola, the consumer gets the final say on this and the outcome will be people will just start packing lunches.
I wouldn't pay a nickel for a Big Mac, and I wouldn't eat one for less than $500, because I know from bitter experience that I'm going to feel bloated and queasy for hours after. That's why I haven't had one for years. It's not real food, it's filler and mostly indigestible. I'd bet you could buy one, put it in the fridge in its original container, and it'd dry out and get hard, but it wouldn't go moldy. If mold won't eat it, I'm sure not going to.
Maybe temporarily, but it will be just as it always has, become normal, and helpful for those who
need/deserve the raise, and life will go on as usual.
the multi million dollars in profits for the majority of mc donald types of business won't put a tiniest of dents in their quality of life.
Raises come to most workers along the way, and we also have to look after those
who would 'never' receive enough except for the approval of government and
citizens who see that is right.
Maybe those companies might have to lower their standard of living, eg. don't eat
at the high end restaurants, try something middle of the road, and give a little
to others.
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If you read my earlier post you will see that this amounts to a loss of profitability for businesses of about 3.85%. Remember, this will only affect businesses that use primarily min wage workers not ones that pay a reasonable wage. I think Mcds and Wendys and the like can absorb 4% as can most other stable businesses.
Let's see...
Presume a Big Mac costs $2.75.
The current minimum is $10 per hour, so that means four Big Macs per hour to pay for one employee.
At $12.25 per hour, they'd have to sell 4.6 burgers per hour to break even.
Rounded out it means selling 9 burgers per two-hours for each employee instead of 8 burgers per two-hours to pay for each employee.
Well that's outrageous! MacDonalds being required to sell 9 burgers per two-hours per person instead of 8 burgers per two-hours to pay the person making the burgers a raise! What MacDonalds could ever be expected to handle that kind of volume?!? The only option will be to set a new price at $15 per burger!
Sort'a reminds of the time in the early '60s when American steel workers went on strike demanding a raise, which they got, whereupon US steel turned around and said they had to raise the price of steel by $4.50 per ton to cover it.
Kennedy did a calculation and showed the world that US steel only had to raise the price by $0.50 per ton to cover the raises, causing US steel to stand back and say what a pity when he got shot.
Be prepared for the price of burgers to go up way more than what's actually required to cover the cost of the raise.
The Plutocrats get to make more dividends, and they get to blame it on the government.
By the way... if someone who likes to grill has been laid off and needs to make money and can run a clean eating place, the secret sauce of a Big Mac is Thousand Island dressing.
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I used to eat stuff like that but no more. As for the minimum wage, I have a business and
I have never paid minimum wage. We for some reason believe young people should work
for less because they are trying to get an education. We don't take into consideration that
they need to make a living too.
yes operations like Tims, etc, have more employees, but then they make more money than
a small operation with less employees. I for one would never pay as low as ten bucks an
hour either. It is time BC started to pay what the rest of the country pays. No problem
paying more to eat out.
I have never paid minimum wage. We for some reason believe young people should work
for less because they are trying to get an education. We don't take into consideration that
they need to make a living too.
yes operations like Tims, etc, have more employees, but then they make more money than
a small operation with less employees. I for one would never pay as low as ten bucks an
hour either. It is time BC started to pay what the rest of the country pays. No problem
paying more to eat out.
My memory goes back well over 60 years to when my mother used to send me to the local store to pick up the odd item. At that time milk was 14 cents a quart and bread was 11 cents a loaf and minimum wage (if anyone knew what it was) was low. So why should there be any expectation that things will suddenly improve now? Christy is just doing a knee jerk reaction to try to stem the loudest whining. It's just going to make things worse.
I beg to differ - one Chinese establishment locally is charging $60 for smorg for 4 and that is before any tip.
I beg to differ - one Chinese establishment locally is charging $60 for smorg for 4 and that is before any tip.
I remember when a Big Mac was under a dollar. A cheese burger was 35 cents and they used to say you could feed a family of four for under five bucks. God I miss bell bottoms free love and the Penthouse Magazines I had stashed under my mattress.
Mostly, the Penthouse Magazine's.
Call me Madam
Xavier Hollander
Mostly, the Penthouse Magazine's.
Call me Madam
Xavier Hollander
If they were passing Big Macs out for free I wouldn't take one.
Atta boy Grumpy. Same here.
If you can keep management from upping pries by 20 and 30% (blamed on increased wages) the price increase is a lot less than one may think - but it still goes up for walk-ins at Timmies
Maybe it will be a blessing in disguise- maybe they will all go belly up. From what I can see, Subway is the only half ways decent one anyway.
It's not quite that simple.
The $12.25 paid does not include the employer's contributions into payroll taxes or benefits (if any). Add 25%-30% to that number and you'd be closer to the total paid-out by the company. Also, there is a cost of the actual Big Mac that must be deducted from the sales revenue (profit) needed for the new break-even.
When you crunch these #'s, your figure of selling only 1 more burger per person per hour is low. Chances are it will be more like 2 or 2.5... This isn't a large expectation, however, considering that you have (probably) a minimum of 7 employees in store at any given time, the number of extra Big Macs you sell every hour is closer to 15. Assuming that Rotten Ronnies is open fro 10 hrs/day, can they expect to sell an extra 150 Big Macs to generate the same revenues.
One of the problems with "minimum wage" is that it soon becomes the "maximum" wage
and there are people trying to live on minimum wage. The only way to live on minimum wage is
to share rent and food costs etc. with three or four other people. When I was a lot younger I
did just that. There was no set minimum wage back then but it was a way to make the dollars
stretch.
and there are people trying to live on minimum wage. The only way to live on minimum wage is
to share rent and food costs etc. with three or four other people. When I was a lot younger I
did just that. There was no set minimum wage back then but it was a way to make the dollars
stretch.