04-10-2024, 02:33 AM | #67 | |
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I don't have a suggested solution to the current situation. I'm just saying that people have to start somewhere if they don't have experience and/or work skills. |
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04-10-2024, 02:51 AM | #68 |
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^ I remember $1.65 an hour. Worked at a fast food place part time making that. At the time, thought it was great. Just a kid in school. Not even 16yo, which I think was the legal working age back then.
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04-10-2024, 07:55 AM | #69 | |
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Homes in the Richmond and the Sunset ran $25-30K; a mortgage payment would have run ~$125-150, roughly the same as rent. That's if you could get a mortgage; it was before Fannie Mae and Freddie Mac had nationalized the rates and the market. Today, of course, most of those homes cost well over a million dollars. I left the P.O. after six months for a job in a computer room that paid closer to $600/mo. That's around $67,500/yr. in today's dollars. Money went just a tad further in San Francisco in those days!
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04-10-2024, 08:00 AM | #70 | |
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04-10-2024, 08:23 AM | #71 |
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On a related note, article in April 8, 2024 WSJ:
Fast Food Flashes Worrying Signal The take away -- no pun... -- is fast food buying patterns are changing and signaling all is not well in quick-serve restaurants (QSR). Core customers and lower income customers are changing their dining habits. Not ordering french fries is one way. The article states that the consumer-price index for food away from home has risen by nearly 30% in the past 5 years. In the comparable period immediately before the pandemic it gained 14%. And in CA the $20-an-hour minimum wage will begin to exert its influence. |
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04-10-2024, 08:29 AM | #72 |
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$1.65!!! Wow! I go back to my first REAL job (father was a farmer, so I ALWAYS worked) I made $3.35 per hour AND got the "privilege" of paying union dues out of it! Even at 15 I remember the optics of a group of men in suits with Caddies parked at the fire lane curb walking in every 3 months or so to shake everyone's hand, call us "brothers", and thank us for keeping the union strong. LOL
I can also remember my first paycheck that was over $100 - I was amazed! If we only knew then..............
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04-10-2024, 11:30 AM | #73 | |
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Celebrity chef Robert Irvine predicts California 'opened the gateways' to minimum wage 'problem' in America One of the world’s toughest and most resilient chefs – who’s helped hundreds of restaurants on the brink of survival write their comeback stories – claims nothing could have prevented the consequences of California’s $20 minimum wage, but there is one solution. "This is Robert Irvine predicting we're going to lose about 20-plus percent of our small, mom-and-pop business because what California has actually done is going to enable other states to do the same thing," the celebrity chef and host of "Restaurant: Impossible" told Fox News Digital. "And the increase of wage plus the food cost is putting small, mom-and-pop operators out of business because they cannot afford $20 an hour, $27 an hour in some places," he added. "Fast food chains, think of the McDonald's and the Yum! Brands and all those kind of folks, are turning to technology to offset that human being." https://www.foxbusiness.com/media/ce...roblem-america I spent 40 years plus as a manufacturers representative with most of my customers being considered small business shops. These folks are generally in the business due to passion and not to get rich. Due to my business experience I was often consulted to try to help struggling business's and if memory serves was around cost of labor was around 28% of gross sales. The issue is not just the wages but the ancillary costs of workmans comp, local and state income tax, Social security tax, 401(k) contributions. Bottom line is these small business's are be placed in a untenable position of dealing with: 1) Higher labor cost and associated cost 2) Higher consumables cost due to inflation 3) Lower sales due to effect of inflation on consumers 4) Demographic shifts that effect their local market. Not a pretty picture, Robert Irvine sees the future. PS. My first non family/farm job was working in a bicycle shop for $.25 a hour. I was 13 and there were no child labor laws at the time. |
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04-10-2024, 12:38 PM | #74 | |
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04-10-2024, 01:14 PM | #75 | |
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04-10-2024, 02:16 PM | #76 |
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It's clear that California is trying to put small business out of business.
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04-10-2024, 03:09 PM | #77 |
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04-10-2024, 03:25 PM | #78 |
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Covid Shutdowns were one of those deep cuts. I think the shutdowns were about destroying small businesses and making people more reliant on megacorporation's (who function as arms of the government)
Example - the government can't just scan your phone, that's a violation of your 4th amendment. What they can, and do is allow Google, or Apple to scan your device, and if anything illegal is found, they will notify the authorities. These systems are put in place so the government has plausible deniability on these matters. It happens with Speech on platforms as well.
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04-10-2024, 06:09 PM | #79 |
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04-10-2024, 07:59 PM | #80 | |
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Wages, all round, have not kept up. That is one of the major problems. Greed. It is all greed. The rich that run the show are just greedy.
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04-10-2024, 08:00 PM | #81 |
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Yea, could not be about not having more people die of COVID or anything...
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04-10-2024, 09:17 PM | #82 | |
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Now do it the opposite direction. But keep housing supply constant because that’s what we do now.
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04-11-2024, 01:29 AM | #83 | |
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Companies have been using COVID, inflation, and now “higher wages” to absolutely rape the consumer AND low skilled laborer while taking in more profit and higher margin than ever before. |
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04-11-2024, 06:02 AM | #84 | |
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The issue with CEO pay vs the lowest or average pay is an indicator of increasing efficiency and scale. Using the McDonalds examples in this thread, if the CEO or company could only effectively manage 1,000 locations in one country instead of 40,000+ globally, he would be paid a lot less and the pay multiple would be much lower. That said, I think there is an issue with boards that are a little too close to the CEO and the way CEO compensation is “benchmarked” in the boardroom (by reputable firms, not management or the board itself), resulting in higher pay than necessary. As with the McDonnalds example, however, this has almost no direct impact on their prices or their profitability (so it is an easy board decision). |
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04-11-2024, 07:10 AM | #85 |
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So they can just violate your rights on their whims? 99.8% survival rate.
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04-11-2024, 07:15 AM | #86 | |
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All you did was describe the most recent official narrative, but it doesn't address what the actual issue is and what their goal is. Money isn't the motivator, it's a tool. They system is working exactly as designed.
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04-11-2024, 07:18 AM | #87 | |
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04-11-2024, 07:27 AM | #88 | |
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But if fast food is as expensive as a sit down restaurant, the only reason you’d go to a fast food restaurant is because you don’t have to get out of your car. I swear, a sit down restaurant can be a faster experience than visiting a fast food restaurant. |
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