Mommy, why are poor people poor?Follow

Way to miss the point, which is everyone think "wages" as the sole profit killer, without looking at other spending. They don't accurately budget their money, because they don't know what they are doing. People aren't as picky as you think if the food is good. You can constantly have a good amount of customers and still fail. Logically speaking, that shouldn't ever happen, but if you fail at management, you can. In other words, simply paying more wages != loss of profit. There are several other ways to cut spending to allow paying more wages that wouldn't affect customer satisfaction.

I wish I got paid $7. I got paid $5.15 even though she knew the minimum wage was going up within a month or two. Other Mc D workers at other stores (along with other fast food) got paid $6-$8. Goes all back to management.

Yeah back when minimum wage was still $5.25/hour, I saw a sign outside a local McDs that said their positions started at $7/hour. I don't know if they've gone past minimum wage since then.

I like Restaurant Impossible. He doesn't pull any punches. (Mystery Diners and that other one with the surveillance team, forgot its name, is usually more about employee theft or incompetence.) He also usually gives the restaurant a much needed face lift in addition to the menu makeover. He even made one place change their name. (It was "Edibles." Not very encouraging.)

There's one such "5th iteration of a restaurant" around here call Cali 'n Tito's. It was a Pizza Hut long ago. Then it became an ice cream joint. Then it was Achim's K-Bob, which still exists around here although it's now called Keba. The place was shuttered for a long time til the current guys came in. Now it's... kind of a local tropical island. They planted palm trees and dragged in beach sand and most of the dining is outdoors on cheap picnic tables, with a BYOB policy and cash only. Self-bus and cleanup. Best pan-Latin cuisine in town. The line always stretches around the building. It's the closest restaurant to the south part of the uni campus, and in walking distance from the baseball field.

They don't charge any more for their food comparatively, but they've got their overhead shrunk down so much that they probably make a lot more than a similar priced restaurant in better digs.

We have a lot of regional franchises headquartered around here. My office is across the hall from Zaxby's corporate headquarters.

Edited, Oct 25th 2013 9:09am by Catwho

Who's everyone? It's not the sole, it's just the biggest.

The @#%^? Why would McD drop its incoming cash by 1200%

How high are you right now?


Edited, Oct 25th 2013 10:43am by Timelordwho

Until the Franchise Wars turn everything into Taco Bell.

Poor judgement.

I'm not an economist, but.... aren't the profits of the corporations more or less directly tied into the Gross Domestic Product? E.g. the GDP is the entire economic output of the private and public sectors.

If you mean that the profits of all companies in the world are more than the entire GDP of the United States, well, yes. That makes sense. But if you mean that the profits of the US based firms are more than all the money those US firms make, then it doesn't make any sense at all.

Kinda yes and kinda no. GDP only accounts for income that is retained within the nation, or essentially the Value of the Corporation of the US. Many US based corporations earn income outside the borders, but the income is applied to the Corporation at home. The corporations are required to pay tax on this as it is considered standard income, but it does not account to the US GDP (it actually hurts it in some areas because imports on auto parts for example count against US Exports taking away potential trade surplus.).

Um to maybe make it more clear.

Franchise McDs in Canada sends 12.5% of Profits to Corporate > Corporate pays taxes on this and keeps the money.

Since the Money comes from Canada, it is applied instead to the Canadian GDP, and not the US GDP. Hence why the Total Corporate profits can out scale GDP.

(still don't know if that made any sense.)

Also to be clear I am talking about Growth not Final dollar. Corporations Profits only represent like 12% of US GDP currently. (and those who invest in Corporations only make up like 8% but that is 20% or 1/5th of your GDP just tied up in money to Corporations.) With Government Spending accounting for 19.5% and followed by Trade at about 9%, and about 50% is based on personal incomes/expenditures of the population of the US.

The problem is the Gap between Corporations Profits, and the Personal %'s Since the 80s Personal Consumption has declined from about 70% of GDP to 50% today, with Corporations rising nearly 2:1 with the remainder of the fraction now dependent on government (hence its rise from about 12% in the 80 to 19.5% today)

Essentially people have less money to buy stuff, so they only pay what they need to pay, government tries to provide assistance to boost leisure money that is used to help stimulate corporate production to hopefully entice more jobs, but that hasn't worked, government cuts taxes (lowering its revenue) to help create jobs that hasn't worked. US companies move out of country to create cheap product and resell it the US, this cost people more money...and the cycle of degeneration repeats.

If Corporations brought their profit ratios down to 1:1 with the people they employ, Government could back out of spending, and then reduce taxation on the people as the money allows. More people with more money buy more stuff, this pushes more profits up, and allows more people to become employed.

Or that is how it should work, ideally Governments involvement in private money would drop, and the true spirit of capitalism would take effect. But unlike true communism we can not have it because there are always men of greed power and corruption, unfortunately Capitalism is ripe target for Greed and Corruptiuon, because with money you buy power. 2008 Was all about Greed, rich people wanting to become even richer gambling with the money of their 300 million serfs. Today it is still about Greed, and is why poor people are poor and more are becoming poor each day.









Edited, Oct 25th 2013 4:42pm by rdmcandie

Around here people are to scared of liability or don't want to deal with the headache of going to the 7 stooges to try to open up a BYOB place and would rather just get a beer and wine license. Then dealing with the other restaurants complainants. They also have a damn good location but with 5 places going though it goes to show location only goes so far. They have everything to make a that low over head model work, a great location good food and they have a novelty in the BYOB policy and probably a ATM is on the main way from campus to support the cash only.

But if you're bringing your own booze, why not just stay at home and make a beer tasting/bottle share out of it? And half the reason for going to a beer pub is to drink beers you can't just get in stores, at least for me.

I'd say 90% of the reason for going to pub is to meet new people and talk with acquaintances you may not necessarily know well enough to invite to your home. If I'm drinking with friends, usually they have friends that want to drink too, and I don't necessarily want to host several people in my home just to have a drink with some friends.

Then again, I've always been more of a social drinker. I never keep beer or liquor at the house, because I never drink alone. If I know someone's coming over for a bit, I'll buy beer for the occasion only.