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gary K
CBS 8 San Diego
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Comments by "gary K" (@garyK.45ACP) on "Some fast food franchises start cutting jobs as California minimum wage increases" video.
That's right. It changes the math for low volume times of day. Increasing the cost of "keeping the doors open" makes it unfeasible to stay open longer. Every business owner knows what his minimum income is required to stay open. They aren't in business to LOSE money.
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@roygbiv5164 To what end? Drive the store out of business? Then there is no store in that neighborhood? Businesses WILL NOT lose money. If they do, they WILL close. You can not FORCE a business to lose money. The better solution is to ELIMINATE the minimum wage and allow the MARKET to determine what the work is WORTH.
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@Mike__B It's still reducing paid hours for someone. And it requires MORE business to make it profitable to stay open. And THAT is the problem with "minimum wage". Raising wages without an increase in productivity or revenue causes business to raise prices and/or cut expenses.
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@roygbiv5164 The "system" never kept me down. Or my children. Explain.
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@vickieclark5931 Did not hurt you. Yet.
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@teresitahammond731 Provided they chose to keep the best workers...which they should.
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The government FORCING employers to pay employees more than they are worth is not a job growth program.
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They will ALL cut jobs eventually. Usually by attrition. The turnover in fast food is very high. All they have to do is wait for people to quit or get fired, then not replace them.
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@LaughingSeraphim Please inform me correctly with the "proof"
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@LaughingSeraphim Please provide the data for that statement. "Around the world.." Which countries? How much do they pay in the currency of the country? "Never close..." How many stores in each of those countries are 24 hour locations? I'll wait for the information.
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@zzzz-sf5lr They aren't LOSING money to deduct from the money they made during profitable hours. You obviously don't own and operate a business. Lol
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