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Fatburger CEO: Why Nobody Wins With $15 Minimum Wage

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Posted: #26
Darkhorse - by balancing wages/expenses vs. income. Its like how a business runs. I know all you lefties think everyone can run up huge deficits like your friends in the government, but that's not a reality as a business owner. Increase my payroll 30-40% and none of them will have a job and I'll just go back to what I was doing before I bought the business. Granted the gov will feed/house them, they'll be fine, of course someday the bill will come due.
 
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Posted: #27
Nature no offense but you need to focus more energy towards making sense. How can I trust that you know what you're talking about when you come across at us with 4th grade grammar and spelling. Yes, I know the auto correct is problematic but dam. I cannot understand 85% of your posts.
 
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Posted: #28
Quote Originally Posted by Killer_B:

Darkhorse - by balancing wages/expenses vs. income. Its like how a business runs. I know all you lefties think everyone can run up huge deficits like your friends in the government, but that's not a reality as a business owner. Increase my payroll 30-40% and none of them will have a job and I'll just go back to what I was doing before I bought the business. Granted the gov will feed/house them, they'll be fine, of course someday the bill will come due.

again buisnesses that can not employ people ABOVE POVERTY LINE ARE THE BURDEN NOT THE ANSWER.
you would not hire if it wasn't from necessity not obligation.
and the government allows this practice.
 
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Posted: #29
Quote Originally Posted by bowlslit:

Nature no offense but you need to focus more energy towards making sense. How can I trust that you know what you're talking about when you come across at us with 4th grade grammar and spelling. Yes, I know the auto correct is problematic but dam. I cannot understand 85% of your posts.

my spelling =) this I do not believe that anyone should be able to employ personal that can not afford them a above poverty line wage.

I type all characters some do not respond .
it is good because the super computer can read your posts but need to flag mine.
and I post some serious stuff at times.
 
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Posted: #30
Quote Originally Posted by nature1970:


again buisnesses that can not employ people ABOVE POVERTY LINE ARE THE BURDEN NOT THE ANSWER.
you would not hire if it wasn't from necessity not obligation.
and the government allows this practice.

Hey newsflash, this is obviously above your thinking capacity but why can't some jobs not be intended for low skilled employees?

Why can't flipping burgers be intended for high school and college students? Why do you foolishly insist that a high school student needs to be paid above the market level? He's living at home. He doesn't have expenses like a family man does. 

Why do you foolishly insist that the government should ban or not allow businesses that don't have higher margins? 

Show me you have a brain my dude.
 
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Posted: #31
lets see what money really is it is the ways and means to generate commerce. we conjured the banking system. it was the easiest way to generate work. this has been done throughout history . our bank now gives its money at no charge to generate systems of basic needs to be distributed. the banks invest this to generate interests to pay expenses. the flood of money throughout the systems of commerce gives work and provides ways and means to distribute commodities food clothing shelter and entertainment it has been done this way for nearly 4 millennia from pyramids and Egypt . to modern day steel and now to cyber commodities as visionary
money is no worth in itself but by act of faith it is taking and distributed. saying 15 is too much or little only because the perception of what 15 hour is.
15 is an arbitrary form of nothing and will be ridiculed in the future as we ridicule salt or clam shells of the past currency. 
 
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Posted: #32
how can you bow
in reality of generational forms of integrity suppose that you hire for 3.25 and that does not allow a future generation to eat. how then could overlords merchants survive. If you can not provide food for the least how then can you champion a Christ.
 
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Posted: #33
I would gladly for go any wage if it allowed generational prosperity.
if it provided a society freedom want. and sustainable growth gave all a sense of worth a purpose

 but that is utopia and this earth may have been made for that purpose.
but I do not  believe we should be export this failure to his cosmos.
 
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Posted: #34
Quote Originally Posted by Killer_B:

Darkhorse - by balancing wages/expenses vs. income. Its like how a business runs. I know all you lefties think everyone can run up huge deficits like your friends in the government, but that's not a reality as a business owner. Increase my payroll 30-40% and none of them will have a job and I'll just go back to what I was doing before I bought the business. Granted the gov will feed/house them, they'll be fine, of course someday the bill will come due.


You know the answer to your question...you know your business and what makes it work. If your inputs are minimal as you say, then you know the analysis required to make the decision.

What if another input suddenly changed to a level of importance, what do you do? If your vendor suddenly started charging more or your landlord doubled your rent or utility rates went up. What do you do?

Every single thing I said is 100% proper business analysis, it doesnt matter if you are 6 or IBM, the analysis is the same.

At a point, if you feel the business is turning more into a commodity type and margins are too low, well you decide if you can continue or if you let someone else with lower cost centers do this and you move into something with better margins that is not being properly serviced. The other possibility is you do an analysis on labor costs and see if your processes can be improved to LOWER labor costs.

Of course the old motto sticks out about sales cures all problems..so if your sales are not able to increase no matter what you do, I think you know the answer to your question. Why are you running a business so tight on margins with no revenue increasing potential and no possible way of increasing productivity/cutting costs?

If you have no ability to increase sales, reduce costs or increase prices then the devil is coming for you anyway..its not if but when. Electricity goes up, rents go up, input prices go up..everything seems to go up but your ability to increase sales and margins.

There is nothing wrong with being a niche player, but you know your analysis and you know what is next...maybe you reduce your workforce, lower your orders and try to maximize say 3-4 workers and see if the results are more productive for you...or you even go down to 1-2 and see what the results are.

If your cost of labor is say 25% and that bumps to 35% with a jump in the min wage, and you cannot absorb it or pass it along, I think the numbers are telling you that you either need to reduce sales and increase productivity that way OR that this business cannot support an increase in any input and be reasonable for existing.

You know exactly what I am saying...this isnt some concept you have never heard of before.
 
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Posted: #35
Quote Originally Posted by bowlslit:


Hey newsflash, this is obviously above your thinking capacity but why can't some jobs not be intended for low skilled employees?

Why can't flipping burgers be intended for high school and college students? Why do you foolishly insist that a high school student needs to be paid above the market level? He's living at home. He doesn't have expenses like a family man does. 

Why do you foolishly insist that the government should ban or not allow businesses that don't have higher margins? 

Show me you have a brain my dude.
I Guess this is ideology. I believe all human time is as equal to any other humans time. that only time can measure all thing. If a man likes to flip burgers or sweep streets or paint fish farm and that what he intends to do for his career he should be able to pursue his happiness without owns leaning on government subsidies.
 
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Posted: #36
Quote Originally Posted by nature1970:

I Guess this is ideology. I believe all human time is as equal to any other humans time. that only time can measure all thing. If a man likes to flip burgers or sweep streets or paint fish farm and that what he intends to do for his career he should be able to pursue his happiness without owns leaning on government subsidies.

That is a humongous pipe dream. And if it is possibly the worst piece of ideology I've ever come across.

Should I pitty you because you believe an astronaut and the person that buses tables at Wendy's should make the same salary? 

Do you even recognize the reasons why I choose to reject that ideology?

At least I can thank you for saving time in the future by not arguing with you about anything because of your inability to think things through and make a rational conclusion.
 
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Posted: #37
[Quote: Originally Posted by bowlslit]

That is a humongous pipe dream. And if it is possibly the worst piece of ideology I've ever come across.

Should I pitty you because you believe an astronaut and the person that buses tables at Wendy's should make the same salary? 

Do you even recognize the reasons why I choose to reject that ideology?

At least I can thank you for saving time in the future by not arguing with you about anything because of your inability to think things through and make a rational conclusion.
[/Quote/]

great. l because an astronauts are dead weight worthless eater steal an excision of the gop to me to a person giving something real FOOD we food cloth and house at unicef.
 
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Posted: #38
Nature1970 

Is English your first language? 

For your sake I hope not because then I could grant you some leniency.

Unicef has no part in the discussion about appropriate wages for American workers. We have programs for people who cannot work. We shouldn't have extensive programs for those that choose not to work or choose not to enhance their work skills.

Please try to keep the discussion on track. (within reason)
 
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Posted: #39
Quote Originally Posted by bowlslit:

Nature1970 

Is English your first language? 

For your sake I hope not because then I could grant you some leniency.

Unicef has no part in the discussion about appropriate wages for American workers. We have programs for people who cannot work. We shouldn't have extensive programs for those that choose not to work or choose not to enhance their work skills.

Please try to keep the discussion on track. (within reason)

okay then in 100 years you will understand what money is and what hairless wingless monkey means.
 what you humans understand.
 we will talk further then.
but back to the thread if you destroy Americans sense of fair play call all benefit programs entitlements and give a human is more important then the collective race of humans. well it looks bleak . maybe the population control should be pushed the god resets this miserable marble and we ghosts with a body can understand the human condition
we the human population are created equal we are born to die we need to eat.
 we live  we love we bear our replacements and then born again or die  and we are created by the creator equal. until everyone acknowledges that we are equal upon conception then the divide and conquers the have and have not mentality reigns.
 if 15 clam shells 15 pounds of salt or 15 federal reserve notes is whats needed to generate a prosperous future than i say give em 30 and lets get their faster.
for the record i speak 6 languages but can only write in three
 
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Posted: #40
Quote Originally Posted by nature1970:


for the record i speak 6 languages but can only write in three

Which three?  Is English going to be the fourth?  Or are you already counting it as the third?
 
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Posted: #41
Obviously bowlslit,you have to cut into your obscene profits and learn your social justice and income inequality.
 
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Posted: #42
Quote Originally Posted by nature1970:


okay then in 100 years you will understand what money is and what hairless wingless monkey means.
 what you humans understand.
 we will talk further then.
but back to the thread if you destroy Americans sense of fair play call all benefit programs entitlements and give a human is more important then the collective race of humans. well it looks bleak . maybe the population control should be pushed the god resets this miserable marble and we ghosts with a body can understand the human condition
we the human population are created equal we are born to die we need to eat.
 we live  we love we bear our replacements and then born again or die  and we are created by the creator equal. until everyone acknowledges that we are equal upon conception then the divide and conquers the have and have not mentality reigns.
 if 15 clam shells 15 pounds of salt or 15 federal reserve notes is whats needed to generate a prosperous future than i say give em 30 and lets get their faster.
for the record i speak 6 languages but can only write in three

Where have you been hiding? Ask many minorities if they have felt equal opportunities their whole life. 

We all would like to see everyone have equal opportunities. Some people rise above their circumstances, while others spin their wheels or dig the hole deeper. 

If you insist that a high school student needs to make 30k per year then you are as stupid as Winston Churchill said you are.
 
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Posted: #43
Quote Originally Posted by bowlslit:


Where have you been hiding? Ask many minorities if they have felt equal opportunities their whole life. 

We all would like to see everyone have equal opportunities. Some people rise above their circumstances, while others spin their wheels or dig the hole deeper. 

If you insist that a high school student needs to make 30k per year then you are as stupid as Winston Churchill said you are.

look your going into child labor issues. and students have a release already in place for student minimum guidelines.
I am referring to working adults who have chose to work in food industry not that was a dream Job but that is where they find peace.
I also understand the manipulation of labor pools. 
How if you can outsource the Job it was done . 

But if we are willing to take on foreign labor with work VISAS at minimum to work in restaurants housekeeping ect, in tourist economy areas. 
Paying a tune of 15.00 hr to house food shelter pay the agency and them minimum with all citizens rights afforded under fair wage standards. 
 These Job at cost should be given to a us worker first then outsourced if necessary.
 Bottom line is these jobs do pay nearly 15.00 and are temporary seasonal customers service jobs. These Jobs should be given to inner city urban Children first with all the bells and whistles to give a child a chance to further his career, at least own Transportation or books and supplies for higher learning.

Indecently we did offer SETA jobs through the school systems for high school students 16 and older at student minimums so that a work reference could be placed on the application for jobs at McDonald's or other fast food.
if the bar was moved to 10.10 we could afford to move individuals off entitlements and into structured Pay.
we need a healthy well fed population to challenge even Babylon as the greatest governing system known to man.
 
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Posted: #44
Quote Originally Posted by nature1970:

if n avg meal delivered at a medium f 2 min costs 7.00 a crew of five. hmm lets do the math. the entity is making 210 an hour ss for an 10 hour himpact schedual on a 16 schedualed day the franchise is making gross 2000 a day 5 x 16 x 8= 640 utitlities at 50 and franchise fees at 200 the corp is generating  1000 a day profit even if the wage was 15 corp would still be making 300 a day. if a corporation must exist a saddle the state with a food stamp bill to employ low cost labor they should then be prepared to pay the state for the burden to society they are creating........... do you want fries with that tanf. check


GED??
 
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Posted: #45
If you have no ability to increase sales, reduce costs or increase prices then the devil is coming for you anyway..its not if but when. Electricity goes up, rents go up, input prices go up..everything seems to go up but your ability to increase sales and margins.

Well said,Wall.
 
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Posted: #46
Quote Originally Posted by Getty3:

If you have no ability to increase sales, reduce costs or increase prices then the devil is coming for you anyway..its not if but when. Electricity goes up, rents go up, input prices go up..everything seems to go up but your ability to increase sales and margins.

Well said,Wall.

Your 3D avatar is amazing, but I now think it is a bit of an attempt to compensate for not being too keen on the issues.

There are thousands of small businesses in this country that employ less than 20 or 30 peeps that generate enough profit to support only the owner and co owner. The devil only comes for them when a Democrat comes reaching into their pockets.

If I was a dumb azz I would be saying the same thing as wall and yourself.
 
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Posted: #47
Quote Originally Posted by bowlslit:


Your 3D avatar is amazing, but I now think it is a bit of an attempt to compensate for not being too keen on the issues.

There are thousands of small businesses in this country that employ less than 20 or 30 peeps that generate enough profit to support only the owner and co owner. The devil only comes for them when a Democrat comes reaching into their pockets.

If I was a dumb azz I would be saying the same thing as wall and yourself.

First of all, thank you for the avatar compliment. 

But in your own words a small business of 20-30 people can only support the needs of the owner(s). What about the 20-30 employees? Who are they? Illegal Central Americans? I thought closing the borders was an uber important requisite of the Republican agenda? If they're not illegals, then what kind of life are you setting your employees up for? Do you even care? 
 
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Posted: #48
Quote Originally Posted by bowlslit:


Your 3D avatar is amazing, but I now think it is a bit of an attempt to compensate for not being too keen on the issues.

There are thousands of small businesses in this country that employ less than 20 or 30 peeps that generate enough profit to support only the owner and co owner. The devil only comes for them when a Democrat comes reaching into their pockets.

If I was a dumb azz I would be saying the same thing as wall and yourself.

And you wonder why people do not engage with you.

If a business larger than 10 people barely makes enough money to support an owner, then there is something wrong with the business model.

What you are suggesting is the margins for that business would be in the 3-7% range...and that wont work unless you can grow sales and increase profits that way.

There are not many businesses on a small scale that can survive with your scenario because the slightest increase in costs or decrease in sales and you are totally wiped out.

What I said is business 101, I guess if you call that something with regard to lib vs repub then you really should never consider running a business.


 
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Posted: #49
Quote Originally Posted by Killer_B:

I had a 29 year old that worked at the business I bought previous to my arrival. I rehired her and raised her salary 27% in 18 months, because she "got it". She had yearly $1 an hour raises coming for as far as I could see (nice Xmas bonus 6 months after being there, even threw in some paid vac time). She got wind that a key employee was looking to leave and quit prior to her because "her job was too stressful" and (she could read that it was going to get harder), after all she was working 2.5 hrs a week overtime and NEVER A WEEKEND HOUR WORKED! She had tremendous job security (which isn't as popular as it used to be).

This was my assistant and the first words out of her mouth were "I think its time for me to leave". She was in position to buy this business one day and was quite capable of running it. I gave her the blueprint for what she needed to do and that didn't interest her, she left. (I wish someone would've shown me a way to own a successful business by the age of 40), I never had that conversation, it continues to amaze me to this day.

My bedrock belief in a good employee take 3 traits. Motivation, attitude & competency. 2 out of 3, you got nothing. 

Hire someone that doesn't need a job nowadays and you have a problem. So little Johnny living in his mothers house is going to make $15 an hour at McDonalds at the age of 17. Yeah right, that's going to work. I just lived that one and he wasn't worth the $8.50 I was paying him and I couldn't commit the necessary resources training him necessary in a gamble that I could make him worth it...

Still crickets Bow from our intellectual friends, like we're the only 2 guys sitting in a bar.


Once you interject reality into the liberal's fantasyland, it gets very quiet very quickly  Railing against "Wal*Mart,"  "McDonald's," "Rich CEO's," and "Wall Street" is easy, but once you try and move beyond the invective, there's really nothing there. 
 
 
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Posted: #50
Quote Originally Posted by wallstreetcappers:


And you wonder why people do not engage with you.

If a business larger than 10 people barely makes enough money to support an owner, then there is something wrong with the business model.

What you are suggesting is the margins for that business would be in the 3-7% range...and that wont work unless you can grow sales and increase profits that way.

There are not many businesses on a small scale that can survive with your scenario because the slightest increase in costs or decrease in sales and you are totally wiped out.

What I said is business 101, I guess if you call that something with regard to lib vs repub then you really should never consider running a business.



Now you're just being silly and I think 99 unicorns out of 100 would agree.

I could walk down main street in your city and point to multiple businesses like the ones I'm talking about with one hand while the other hand fends off scorpions and tarantulas. Same for any city or town.
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