McDonald's and Chipotle said they will raise menu prices in California to pay for the minimum wage hikes that Gov. Gavin Newsom recently signed into law.
Does the owner being religious effect whether or not they can pay a living wage and still make a profit? I personally don't think so. I think the key difference is that the company is private.
This is what being addicted to ever-growing profit looks like. They could still make mountains of profit with the new minimum wage, but they can't make as much profit as they did before.
If they aren't increasing their profits every year endlessly, they'll have to stop using that one clipart of the arrow line going up on a graph in their presentations.
They sacked the guy that knew how to change the image years ago and they're in too deep now to stop
McDonald's has 200,000 employees, and another 2 million that work for McDonald's franchises. Thats 2,200,000 for every 100 million you took from the executives, you could give every employee a $45 bonus.
The prices were always gonna be raised, the wage increase is just an easy excuse, if the wage increase is reversed the prices will 100% still be raised and will almost definitely stay there.
Its not just labor they like to blame. I remember my local McDonald's raised prices by around 10 cents across the board without giving a reason even though they had gotten a tax cut that year, next year the tax was raised to its previous value and they raised prices again, this time citing the "tax increase". Corps will ALWAYS find a way to raise prices and blame it on something other than greed.
They won’t lower prices until people stop buying. And most Americans will happily spend themselves into the poorhouse in the name of convenience, and then blame the government for it, so…
"The free market will fix it" seldom works, which is why it's still pushed as a solution.
Could this hypothetical someone make a more affordable burger ethically, or would they also have to fuck over their employees and suppliers?
Usually, the answer is "no". Businesses either use all the same sleazy, "race to the bottom" techniques or they go out of business because they offered a more expensive product to people without the luxury of being able to spend more.
But of course if you start paying people more, the billionaires will just fuck them out of that too. They want every dollar you have and they know people will spend every dollar they have to avoid being homeless or hungry.
Large Fast Food Chains:We made record profits, again!
Also Large Fast Food Chains:Wait! If we are required to actually pay our staff, how will I, Mr. CEO the Douchebag, afford my 16th yacht? How will I be able to send my children to the finest schools in the world? How will I be able to afford to eat if my workers aren't suffering? Won't anyone think of the 1% and our problems?
When I used to eat at McDonald's, it was because I was working 3 jobs and it was a quick, cheap way to get something vaguely nutricious into my body en route between jobs. Because of understaffing , the delays to order, to pay, and to get your food mean it's no longer fast; and it's certainly no longer cheap. The only remaining advantage is the "en route between jobs" part, but it's just easier to store a cooler in the car now.
I eat at McDonald's because it's cheap, it's fast, and it's reliably consistent. There are four or five different cheap fast food restaurants near the local McDonald's. If they all raise their prices, it won't be cheaper than a local restaurant burger, so the only advantage is time.
It literally doesn't matter, fox. If it's so bad, why hasn't McD's up and left the state? Why haven't people stopped buying it? All the blather in the world isn't bringing California down so go eat shit.