@return2ozma to Work Reform • 1 year agoMcDonald's franchisee group says new $20 minimum wage California fast-food bill will cause 'devastating financial blow'www.cnbc.comexternal-linkmessage-square141arrow-up1666arrow-down119cross-posted to: antiwork
arrow-up1647arrow-down1external-linkMcDonald's franchisee group says new $20 minimum wage California fast-food bill will cause 'devastating financial blow'www.cnbc.com@return2ozma to Work Reform • 1 year agomessage-square141cross-posted to: antiwork
minus-square@SCBlink2•1 year agoTheir business can’t just absorb this cost. That’s not how businesses work. What they can do is raise prices a few cents each and pay the cost. Franchisees are empowered to set their own pricing, so this is a non-issue.
minus-square@HeyThisIsntTheYMCAlinkEnglish4•1 year agoYeah heaven forbid the owner take home a little less profit.
minus-square@[email protected]linkfedilink3•1 year agoI can almost guarantee a lot of locations wouldn’t even need to do that. The owner would just have to not take a bonus. God forbid that though.
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Their business can’t just absorb this cost. That’s not how businesses work. What they can do is raise prices a few cents each and pay the cost.
Franchisees are empowered to set their own pricing, so this is a non-issue.
Yeah heaven forbid the owner take home a little less profit.
I can almost guarantee a lot of locations wouldn’t even need to do that. The owner would just have to not take a bonus. God forbid that though.
Per the article it’s a $250k cost of labor increase on average