No I do not. Try to address the actual problem instead of insults.
Y’all are incapable of understanding that franchises pay out to the parent company. The money the parent company gets has to come from somewhere. If you guys can’t understand that, then that’s on you.
Did I say all of the greed comes from this particular stock buyback? Did I say all of the greed comes from franchise fees? No. Try thinking it through.
I am aware. That financial release is from Yum Brands, which owns Pizza Hut. The franchise owners have to pay Yum Brands to be a franchisee.
None of which changes the fact that this event is a result of corporate greed. If Yum wasn’t so greedy, the franchize owners could afford it. So as a whole, as an entire organization they are quite capable of paying a $20 wage. But they aren’t, because of greed.
Umm… no. They couldn’t afford it and got rid of the employees. Businesses are not charities. If the employees created 20 dollars an hour in value, they would have been kept. They didn’t. So they will be let go. Laws have consequences
So you are fine with non minimum wage like Denmark? You are also fine with almost no full time workers like the McDonald’s in Denmark ?
You’re also fine with those wages being taxed at a much higher rate on those workers?
https://investors.yum.com/news-events/financial-releases/news-details/2023/Yum-Brands-Reports-Fourth-Quarter-Results-and-Increases-Dividend/default.aspx
They are just greedy. They have the money, but giving the money to the rich is evidently more important.
https://cwa-union.org/stock-buybacks-hurt-workers
You think the franchise owners repurchase shares ?
You have failed to understand. I can’t help you with that.
Maybe be more clear. What does a stock buyback have to do with a franchise laying off people because of cost? the two are unrelated.
He doesn’t understand what a franchise is or how they work. He thinks every pizza hut restaurant is owned by pizza hut.
No I do not. Try to address the actual problem instead of insults.
Y’all are incapable of understanding that franchises pay out to the parent company. The money the parent company gets has to come from somewhere. If you guys can’t understand that, then that’s on you.
You claim to understand how franchises work but your comment says otherwise.
How much do you think franchises pay in fees to pizza hut?
How much do you think it will cost the average restaurant to pay delivery drivers the 30% wage increase?
Did I say all of the greed comes from this particular stock buyback? Did I say all of the greed comes from franchise fees? No. Try thinking it through.
Surprise surprise you couldn’t answer my questions.
That is what I suspect. I can’t see the correlation to greed, stock buybacks and franchise owners laying people off.
The answer is simple at 20 an hour the roles were no longer viable
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Gee, I wonder if those pizza workers were dead before, or if they considered the wages they worked for to be living wages?
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Pizza hut corp is not the frachisees. Its stupid, and greedy, but the franchisees are fucked in this situation.
I am aware. That financial release is from Yum Brands, which owns Pizza Hut. The franchise owners have to pay Yum Brands to be a franchisee.
None of which changes the fact that this event is a result of corporate greed. If Yum wasn’t so greedy, the franchize owners could afford it. So as a whole, as an entire organization they are quite capable of paying a $20 wage. But they aren’t, because of greed.
Umm… no. They couldn’t afford it and got rid of the employees. Businesses are not charities. If the employees created 20 dollars an hour in value, they would have been kept. They didn’t. So they will be let go. Laws have consequences
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You realize the rate was never really used? The amount of deductions were much greater back then. In effect you’d be giving them a huge tax cut.
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https://www.usatoday.com/story/news/factcheck/2022/05/09/fact-check-viral-post-exaggerates-tax-rates-under-eisenhower/9588111002/
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I think stories should be linked as bibliography for content in comments.
That comment would be better with a link and the relevant thesis either quoted or articulated by you.
Bullshit. Mcdonalds pays ~$22/hr in Denmark. If they can afford it there, they can afford it here.
Inb4 anybody bitches about firings: https://www.businessforafairminimumwage.org/resource/research-shows-minimum-wage-increases-do-not-cause-job-loss
Inb4 anybody bitches about inflation: https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp
https://www.businessinsider.com/aoc-mcdonalds-workers-denmark-make-a-living-wage-15-compromise-2021-3?amp
Thank you for the additional evidence to prove that the idea that a wage hike to $20/hr is quite possible.
The number of people around here licking the boots of the rich is ridiculous.
You sound silly when you say bootlicking.
So you are fine with non minimum wage like Denmark? You are also fine with almost no full time workers like the McDonald’s in Denmark ? You’re also fine with those wages being taxed at a much higher rate on those workers?
Are you capable of having a conversation without attempting to put words in people’s mouths?
I am not suggesting that they be charitable. I am saying that they ought to pay a living wage, the bare fucking minimum.
They are. That means eliminating positions that don’t justify the wage.
https://www.businessforafairminimumwage.org/resource/research-shows-minimum-wage-increases-do-not-cause-job-loss
In this case it did. They can outsource it cheaper. So they did.