1y ago

McDonald's franchisee group says new $20 minimum wage California fast-food bill will cause 'devastating financial blow'

www.cnbc.com McDonald's franchisee group says new California fast-food bill will cause 'devastating financial blow'

The California fast-food bill will raise the minimum wage for many California workers at fast-food chains to $20 an hour starting April 1.

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1y ago

McDonald's pushes back: "business model can't sustain $20/hr"

www.cnbc.com /2023/09/15/mcdonalds-advocacy-group-criticizes-new-california-fast-food-bill.html

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142 comments

Sounds like McDonald's can't afford to do business. I guess the free market will have them close.
- The group said the costs “simply cannot be absorbed by the business model.”
  They can do business, just not be as profitable if they can't pay slave wages. The problem here is in the quote... they don't want to change the model where the franchisee's earn a little less and their crews can actually afford rent.
  
  Why the heck should the franchisee be footing the bill? Make corporate McDonald’s pay for it. Surely they’ve made enough money off ice cream machines by now to afford it…
- Oh honey, no. The free market only applies when it works in their favor.
- There is nothing "free market" about a forced minimum wage.
  There are lots of arguments to be made for an increased minimum wage, at least try to be smart when making them.
  
  The irony of you asking for smarts to be considered in regards to a mega billion dollar corp, who can more than afford this change for the entire country, let alone just California, is astounding while you are commenting the stupidest crap about "free markets" in relation to this news. It is hilariously pedantic....
  
  There is literally nothing incorrect with the statement "enforced minimum wages go against the free market philosophy" and the statement itself makes no claim one way or the other about their personal views. It's just pointing out a factually incorrect claim. Ironically enough, your paragraph reply is the hilariously pedantic part
  
  There is a lot wrong with that statement, but one look at your username,tells me I'm not speaking to anyone worth conversating with... pp.boy... pretty on the nose with proud boy huh...
  
  What? Lmao you're insane it's a reference to my big fat hog between my legs. But anyway, please explain how the statement is wrong
  
  Yeah, that adds up... proud boys think they have something to show off when in reality we all laugh at that member you call a penis but is the size of an enlarged clit... no shame bro..
  
  You are on something.
  But anyway, back to the conversation. Use your degree in economics (which you clearly have) to explain exactly how state-enforced minimum wages do not directly conflict with the ideas of lassaiz-faire free market economies. Please, be as specific as possible.

142 comments