Quote: (08-29-2013 01:14 AM)Wadsworth Wrote:
Quote: (08-29-2013 01:02 AM)Hades Wrote:
Profit margins with cheap fast food is pretty much shit. You raise the minimum fast food wage to something like 15 an hour and they're just going to slash hours and fire off the non-essential employees. It's already to the point where it's impossible to do overtime.
If this manages to get through it's a guarantee that the population of barely-employables will go up significantly while all "full-timers" enjoy a 28 hour work week. Where you once had a thousand jobs suddenly you find about five-hundred "half" jobs and maybe a hundred part-time positions.
All this means is that there is no market for the bullshit they're selling.
Using market conditions in U.S.A. in terms of supply/demand for fast food, while using market conditions in Mexico in terms of supply/demand for labor is fundamentally broken.
Introducing a price floor in terms of wage isn't going to fix the system, it's merely going to shift market prices up.
I saw your other post which clarified on this one.
Yes it's going to shift market prices up, but the last time the minimum wage went from something like $5.20 to $7.25 in my state, this is exactly what happened, McDumpster's fired a bunch of shitheads, put out "we're hiring" signs to take advantage of the huge turnover with new guys and never having to pay benefits to non-fulltimers who are going to quit after three months, slashed hours down to an average of about 30-35 hours per week, made it impossible to schedule yourself for overtime, hired a bunch of part-timers, and overall reduced the number of people working at these places.
The net benefit for each 'full-time' employee working there was almost nothing from where it was previously, maybe an extra ten or twenty bucks per month -- and now fewer people work there.
That's the gist of it, it happened before, now if it happens to a serious degree (doubled wages?!) they're just going to go full retard on their old policy and probably just hire a shitload of part-timers. These morons are campaigning for a "living wage" at an unskilled job and are going to end up, dick in hand, with a lot of free time and no benefits.