Minimum wage hikes could lead to $15 Big
Macs, 25 states don’t care
BizPac Review,
by
Tom Tillison
Original Article
Posted By: Imright,
1/2/2024 8:38:23 AM
Twenty-five states are boosting their minimum wages in 2024, with California leading the way with a bump to $16 for all employees. But fast-food workers in California enjoy a special carve out — effective April 1, 2024, employees at most fast-food chains with more than 60 locations will make $20 an hour.
At the same time, Pizza Hut is laying off more than 1,200 delivery drivers in California, according to Fox News. (Video) For many Americans who have been fed the fantasy of Keynesian economics, they don’t quite grasp that as wages go up so too do prices, which Brandon Arnold of the National Taxpayers Union explained
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Reply 1 - Posted by:
NamVet70 1/2/2024 8:48:54 AM (No. 1628240)
Most people who don't understand inflation really don't have skin in the game. People who live on savings and investments know that the people most harmed by inflation are those living off their retirement savings. Inflation is like a tax on your money.
26 people like this.
Reply 2 - Posted by:
mean Gene 1/2/2024 9:01:51 AM (No. 1628246)
The latest burger ads tout their new (improved?) 2 ounce burger patty.
Gee, shades of Orwell's 1984 when the chocolate ration was lowered 33% and presented as a rise so people would celebrate.
9 people like this.
Reply 3 - Posted by:
wilarrbie 1/2/2024 9:14:00 AM (No. 1628257)
They keep tinkering with minimum wages, which will cause economic damage along the lower rungs first, then up the ladder to the actual wage payers (small business first, then the bigger ones) and a chain reaction of unintended consequences. Maybe they should focus on MAXIMUM wages and play out their redistribution fantasies there. And fix SS by lowering the rate for everyone, perhaps exempting the lowest, and remove the top dollar exemption. Yeah, yeah - 'the rich pay the lions share' already. But from the headlines of who really screws over the taxpayer, it's a paper lion.
8 people like this.
Reply 4 - Posted by:
Muguy 1/2/2024 9:17:15 AM (No. 1628263)
The consumers who do not have money to spend on $15 Big Macs will spend their money elsewhere. As was mentioned, those on fixed incomes will have to tap into their investment savings to afford one.
Its doubtful that those getting the $20 and hour wage will have jobs in Taxifornia much longer as the businesses FAIL for lack of traffic. Even those of us who have not eaten out much and are making meals at home are feeling the squeeze with food prices going way up due to Bidenflation.
For example, a simple small jar of Vlasic pickle relish that was 98 cents a few years ago under Trump has now risen to $1.68-- 70 cents more! A rise of 58%!!
Don't go telling me that things could not be better under the Vegetable-- older people can see this plainly is a rip off, so those who have reduced income are taking jobs to make ends meet.
With all of the new ILLEGAL ALIENS being allowed in without pause, jobs are going to get tight and Newsom's Taxifornia is going to see another mass exodus OUT with fewer people still there to pay for the "new" arrivals who should have not been in this country to begin with...
20 people like this.
Reply 5 - Posted by:
seamusm 1/2/2024 9:28:18 AM (No. 1628275)
And now even more those who most NEED to learn how to work - our children - will be shut out of fast-food employment. These MIGHT be worth $7.00 an hour but they sure as hell aren't worth $20. But then that is the plan. To put Grandpa back to work and make our children MORE dependent on taxpayer handouts.
15 people like this.
Reply 6 - Posted by:
janjan 1/2/2024 9:37:24 AM (No. 1628283)
The problem McDonalds is going to have is not having to raise prices. It’s that very few people are going to buy $15 Big Macs. Fast food in California is going to become a dinosaur industry leading to another severe reduction in tax revenue in a State that already has a $68 billion budget deficit. Add that to the generous offer of free medical care for all illegals courtesy of the tax payers who pay for their own and you have the perfect example of what liberal governance will get you.
18 people like this.
Reply 7 - Posted by:
Gordon Mills 1/2/2024 9:56:54 AM (No. 1628291)
They can charge what they want but I will not purchase them. The Chinese flu disrupted everything and the greedy b's took advantage of the situation to jack up the prices. Consequently, I refuse to pay their outrageous, unjustified prices for $2 hamburgers.
12 people like this.
Reply 8 - Posted by:
bpl40 1/2/2024 10:07:27 AM (No. 1628299)
It's not just the minimum wage. Any politically mandated wage has direct effect on prices. But the connection is too complicated and obscure for the average American to understand. Even our learned President has asserted that the way to control inflation is for corporations to voluntarily refrain from passing on higher costs to consumers.
6 people like this.
Reply 9 - Posted by:
Clinger 1/2/2024 10:09:11 AM (No. 1628300)
If people would pay $15 they would already sell for $15. Good luck.
15 people like this.
Reply 10 - Posted by:
mc squared 1/2/2024 11:38:26 AM (No. 1628349)
Circumstances led Wifey & I to a Waffle House this week. Slightly less than $30 for 2 of their breakfasts and coffee - plus tip. No knock against WH but I'm glad Branden reduced inflation.
7 people like this.
Reply 11 - Posted by:
Bur Oak 1/2/2024 12:03:36 PM (No. 1628362)
Soon there will be no people working at fast food outlets. There will only be machines. It will be Vendomatic on steroids.
5 people like this.
Reply 12 - Posted by:
snakeoil 1/2/2024 12:40:39 PM (No. 1628379)
Due to a combination of laziness and fear of crime I order food sent to my house. Both supermarkets and restaurants. Maybe they can use AI or whatever for driverless vehicles. But I doubt they can climb the stairs to my front door. So there still be a need for human drivers. I hope.
1 person likes this.
Reply 13 - Posted by:
JunkYardDog 1/2/2024 12:52:21 PM (No. 1628390)
Call me old-fashioned, but weren't jobs at fast-food joints meant for teenagers saving up for cars/clothes/etc., and not to be meant for CAREERS? I know there has to be a managment system, but fry cooks and burger flippers are non-skilled labor that robots can do-and they WILL because of stupid laws like this.
6 people like this.
Reply 14 - Posted by:
chumley 1/2/2024 1:15:54 PM (No. 1628400)
I dont even take the grandkids to McDonalds anymore. While the kiosk finally got the orders right when the illiterate thot at the register never did, the price just got too high. That and the kind of people who go there just made it too much.
3 people like this.
Reply 15 - Posted by:
DVC 1/2/2024 4:01:33 PM (No. 1628477)
We quit going to McDs when they closed most or only drive thru during the Dem-panic. Then they dropped their salads and fruit parfaits and that made it permanent.
Don't ever plan on entering on again, so the price of the crappy Big Mac means nothing to me.
2 people like this.
Liberals kill everything they touch, and the latest example will be the fast-food industry, and maybe the whole restaurant industry. I enjoy eating at McDonalds on occasion, but a $15 Big Mac? forget it!
1 person likes this.
Reply 17 - Posted by:
XCenturion 1/3/2024 2:12:42 AM (No. 1628716)
You can thank Governor Gavin Newsom and the Democrats for this in California. These Socialist morons think by raising the minimum wage for fast food workers it will allow them to purchase a home in a state with the nations highest real estate prices, highest gas prices, and highest income tax. Look's like I'll be eating out a lot less. My advice to the fast food industry. Start laying off 10% of you workforce to keep you costs down.
1 person likes this.
Reply 18 - Posted by:
homefry 1/3/2024 8:05:33 AM (No. 1628820)
Well DUH! We have been telling them that for 3 years now.
0 people like this.
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