I think the Catholics got rid of the white collars . . . .

Brewha wrote:

I am not so sure there would be as large of a cost increase due to raising minimum wage. Let's look at a McDonald's employee as an example. Say on average an employee produces 15 sales an hour and the average sale is $15.00. If their wage was increased $7.50 an hour the employers cost would be about $9.35 per hour. This would equate to about $.64 per meal. This would be a price increase of about 4%. In this case I do not think increasing a $15.00 meal by $.64 would have any effect on business. Also a 4% increase is not significant. I would prefer this over subsidizing businesses that I do not patronize.

gryphonms wrote:

I am not so sure there would be as large of a cost increase due to raising minimum wage. Let's look at a McDonald's employee as an example. Say on average an employee produces 15 sales an hour and the average sale is $15.00. If their wage was increased $7.50 an hour the employers cost would be about $9.35 per hour. This would equate to about $.64 per meal. This would be a price increase of about 4%. In this case I do not think increasing a $15.00 meal by $.64 would have any effect on business. Also a 4% increase is not significant. I would prefer this over subsidizing businesses that I do not patronize.

gryphonms wrote:

The guy cooking fries and the guy cooking burgers produces no sales. The whole scenario is bogus. What you need to determine is the breakdown of the business costs.

HockeyDad wrote:

Under that scenario, an order per minute steady for 8 hours is not realistic.

HockeyDad wrote:

I dunno.
You could have two people at registers for a faster rate. Or just lower the rate a little. The estimated numbers may be off, but he's going the right direction. Maybe it'd turn out to be 0.8 instead of 0.63$... either way the price increase probably isn't going to be allowed by the home office anyway. The individual franchises will have to decide how to absorb the cost.

On a completely unrelated note, it may be a good time to look at investing in companies making these:
http://global.networldalliance.com/downloads/white_papers/EMN8_MG_UPDATE_01_09.pdf 

victor809 wrote:

I dunno.
You could have two people at registers for a faster rate. Or just lower the rate a little. The estimated numbers may be off, but he's going the right direction. Maybe it'd turn out to be 0.8 instead of 0.63$... either way the price increase probably isn't going to be allowed by the home office anyway. The individual franchises will have to decide how to absorb the cost.

On a completely unrelated note, it may be a good time to look at investing in companies making these:
http://global.networldalliance.com/downloads/white_papers/EMN8_MG_UPDATE_01_09.pdf 

victor809 wrote:

... Sadly, due to increased cost of labor, landmine prices have risen too high to make them a viable solution any longer.

victor809 wrote:

... Sadly, due to increased cost of labor, landmine prices have risen too high to make them a viable solution any longer.

victor809 wrote: