[QUOTE="rilpas"]
[QUOTE="WhiteKnight77"]
As it seems that you have not completely read this thread or are up on the story, those striking fast food workers want to double what they are making, not just a measley 75 cents. When you double the wage, prices have to rise somewhere and the what is being sold will increase in price and double the price of a burger will not cover said wages. Answer the question, would you pay that much for a burger?
WhiteKnight77
Ah in that regards I agree with you, though I think they should receive higher wages, I don't think they should be payed double.
Though, as someone who has witnessed strikes before (though as an accountant I'm usually on the greedy ceo's side) I can tell that most like the number they chose is simply meant to pressure their bosses and draw attention, the REAL number they're aiming for is likely much lower
I'm guessing a 20-30% increase.
And to answer your question, would I be okay with going from say... a 2 euro chesse burguer to a cheese burguer costing 2.6 euro? absolutely
The problem with increasing pay, and as an accountant, you should see that an increase in wages means an increase in the cost of a product. It isn't McDonald's paying those wages, it is Greg Fisher Foods of Pasternak NJ (fictitious franchise name and city) paying those wages and probably making a very slim profit a year (maybe 6% for fast food joints). Increase the price of a product, and fewer people buy said product, thus decreasing an already slim profit margin (and a business should make at least a 15% if not more).
The Average Profit Margin for a Restaurant details much about different types of restaurants.
Giving people more than $8 an hour for working in a fast food joint is nothing but retail suicide.
No offense, but your theory is flawed, alright, so restaurants have an 8% margin, but how much of that are the wages? a lot of it could be from renting the place, or food costs, health and safety costs, insurance, etc.
you're going off in a tangent with data that you don't have
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