Fast Food Strike Today...

[honeybunny]

Nationwide fast food workers strike :

http://www.nbcnews.com/feature/in-plain-sight/were-movement-now-fast-food-workers-strike-150-cities-n195256



So you want $15 / hr for flipping burgers ? ? ? Meet your new McRobot replacement :

http://legalinsurrection.com/2014/08/mcdonalds-replacing-cashiers-with-machines/


I'm suddenly craving a happy meal for lunch... 8)

 

[Grey Colson]

I'm sure I've mentioned this before, but they can have $15 an hour the day they can demonstrate they can get my order correct. :Stick

C'mon people. These are entry level jobs and no one continues to make minimum wage if they stay in a job for any decent length of time. Mrs. Colson has a previous coworker and friend who has done extremely well financially in her career at MacDons.

Take a hint. Get in a job and actually stay there for more than 6 months or a year. You might be surprised how well you can do.

 

[stradial]

And saying "please" or "thank you" should not come as a surprise to the customer.
(of course that goes for almost any retail place)

 

[LisaC]

Wait, if I give up eating out, WHO is going to do the cooking tonight? :tapfoot2 :tapfoot2 :tapfoot2

 

[Guard Dad]

If they had the sense to know that higher wages would drive retail prices up, which would impact the poor the most; they might be worth $15 an hour.

 

[Guard Dad]

Interesting how the left always gripes about corporate welfare, but many of them support this, which is workplace welfare.

Oh the double standard.

 

[honeybunny]

Protesters in Atlanta are disrupting traffic and sitting in the road, and the cops are just standing there.

Why are these folks not being arrested ? ? ?


:dunno

 

[honeybunny]

Okay, the paddy wagons just showed up and now they are being arrested.


:thumbsup

 

[Grey Colson]

Okay, the paddy wagons just showed up and now they are being arrested.


:thumbsup

Yeah, I'm not surprised they waited for a large enough transport vehicle. They could try to squeeze them into patrol units, but you can't get 10 lbs of deification into a 5 lb bag. :dunno

 

[lotstodo]

Okay, the paddy wagons just showed up and now they are being arrested.


:thumbsup

Yeah, I'm not surprised they waited for a large enough transport vehicle. They could try to squeeze them into patrol units, but you can't get 10 lbs of deification into a 5 lb bag. :dunno

They could just load them back up on the SEIU bus that dropped them off there. I'll bet the SEIU is paying these day laborers less than $15 per hour to sit in the road.

 

[Grey Colson]

Okay, the paddy wagons just showed up and now they are being arrested.


:thumbsup

Yeah, I'm not surprised they waited for a large enough transport vehicle. They could try to squeeze them into patrol units, but you can't get 10 lbs of deification into a 5 lb bag. :dunno

They could just load them back up on the SEIU bus that dropped them off there. I'll bet the SEIU is paying these day laborers less than $15 per hour to sit in the road.

They may be training to get a job as a speed bump. They may actually qualify for that. :

 

[lotstodo]

Fast food has a very high elasticity of demand at .95. What that means, is that for every 10% increase in price, sales would go down 9.5%. It's one of the first things people cut out when times are tough.

What does that mean for $15 per hour? That would increase total costs for the average fast food restaurant 15%. That restaurant must raise prices by 17% just to remain even, if they didn't lose one sale. Obviously, that is not the case. Labor experts have said that what would really happen is that sales would drop by about 35% along with hours worked, and prices would rise by 38%, putting the cost of a Whopper meal on par with that of a current steak at Sizzler.

So for the fortunate 2/3 of employees who kept their jobs, sweet deal. But for the 1.2 million it would put out of work, not so much. Just for reference, 8.2 million people lost their job in the "Great Recession", so 1.2 million jobs lost is more than a drop in the bucket, and it affects the most vulnerable segment of the population.

 

[J-man]

Fast food has a very high elasticity of demand at .95. What that means, is that for every 10% increase in price, sales would go down 9.5%. It's one of the first things people cut out when times are tough.

What does that mean for $15 per hour? That would increase total costs for the average fast food restaurant 15%. That restaurant must raise prices by 17% just to remain even, if they didn't lose one sale. Obviously, that is not the case. Labor experts have said that what would really happen is that sales would drop by about 35% along with hours worked, and prices would rise by 38%, putting the cost of a Whopper meal on par with that of a current steak at Sizzler.

So for the fortunate 2/3 of employees who kept their jobs, sweet deal. But for the 1.2 million it would put out of work, not so much. Just for reference, 8.2 million people lost their job in the "Great Recession", so 1.2 million jobs lost is more than a drop in the bucket, and it affects the most vulnerable segment of the population.

Many of those would be happy to stay home and draw that unemployment check though.

 

[lotstodo]

Fast food has a very high elasticity of demand at .95. What that means, is that for every 10% increase in price, sales would go down 9.5%. It's one of the first things people cut out when times are tough.

What does that mean for $15 per hour? That would increase total costs for the average fast food restaurant 15%. That restaurant must raise prices by 17% just to remain even, if they didn't lose one sale. Obviously, that is not the case. Labor experts have said that what would really happen is that sales would drop by about 35% along with hours worked, and prices would rise by 38%, putting the cost of a Whopper meal on par with that of a current steak at Sizzler.

So for the fortunate 2/3 of employees who kept their jobs, sweet deal. But for the 1.2 million it would put out of work, not so much. Just for reference, 8.2 million people lost their job in the "Great Recession", so 1.2 million jobs lost is more than a drop in the bucket, and it affects the most vulnerable segment of the population.

Many of those would be happy to stay home and draw that unemployment check though.

Instant Democratic voters.

 

[deewee]

Fast food has a very high elasticity of demand at .95. What that means, is that for every 10% increase in price, sales would go down 9.5%. It's one of the first things people cut out when times are tough.

What does that mean for $15 per hour? That would increase total costs for the average fast food restaurant 15%. That restaurant must raise prices by 17% just to remain even, if they didn't lose one sale. Obviously, that is not the case. Labor experts have said that what would really happen is that sales would drop by about 35% along with hours worked, and prices would rise by 38%, putting the cost of a Whopper meal on par with that of a current steak at Sizzler.

So for the fortunate 2/3 of employees who kept their jobs, sweet deal. But for the 1.2 million it would put out of work, not so much. Just for reference, 8.2 million people lost their job in the "Great Recession", so 1.2 million jobs lost is more than a drop in the bucket, and it affects the most vulnerable segment of the population.

Many of those would be happy to stay home and draw that unemployment check though.

Instant Democratic voters.

I can't afford another one!

 

[Guard Dad]

Fast food has a very high elasticity of demand at .95. What that means, is that for every 10% increase in price, sales would go down 9.5%. It's one of the first things people cut out when times are tough.

What does that mean for $15 per hour? That would increase total costs for the average fast food restaurant 15%. That restaurant must raise prices by 17% just to remain even, if they didn't lose one sale. Obviously, that is not the case. Labor experts have said that what would really happen is that sales would drop by about 35% along with hours worked, and prices would rise by 38%, putting the cost of a Whopper meal on par with that of a current steak at Sizzler.

So for the fortunate 2/3 of employees who kept their jobs, sweet deal. But for the 1.2 million it would put out of work, not so much. Just for reference, 8.2 million people lost their job in the "Great Recession", so 1.2 million jobs lost is more than a drop in the bucket, and it affects the most vulnerable segment of the population.

Many of those would be happy to stay home and draw that unemployment check though.

Instant Democratic voters.

Which is why the Dems usually back these things.

 

[Boss 302]

Fast food has a very high elasticity of demand at .95. What that means, is that for every 10% increase in price, sales would go down 9.5%. It's one of the first things people cut out when times are tough.

What does that mean for $15 per hour? That would increase total costs for the average fast food restaurant 15%. That restaurant must raise prices by 17% just to remain even, if they didn't lose one sale. Obviously, that is not the case. Labor experts have said that what would really happen is that sales would drop by about 35% along with hours worked, and prices would rise by 38%, putting the cost of a Whopper meal on par with that of a current steak at Sizzler.

So for the fortunate 2/3 of employees who kept their jobs, sweet deal. But for the 1.2 million it would put out of work, not so much. Just for reference, 8.2 million people lost their job in the "Great Recession", so 1.2 million jobs lost is more than a drop in the bucket, and it affects the most vulnerable segment of the population.

The U6 unemployment rate is at 12.2%. The left continues to spew how great the economy is improving.