Comments by "" (@jmitterii2) on "SHOCKER: Minimum Wage BOOSTS Employment In Seattle" video.

  1. Franchises are the worst. 1) You have to buy the franchise over priced supplies. 2) You have to set price points to what they demand. 3) Often Franchise loan is provided by the franchiser with an underwriting bank at a ridiculous interest rate. 4) Often there is a Franchise Fee either a fixed amount, or usually a percentage of sales payment... and remember you're buying their over prices supplies, and likely paying their over prices loan interest payments. When I worked at the water utility in Boise, one of my jobs were processing bankruptcies so we wouldn't shut water off for non-pay and know what amounts we could legally collect... McDonald's and several other fast food and other franchises constantly in Chapter 11... and a constant trickle that would eventually go chapter 7... a McDonald's location finally went Ch 7 and poof vacant around 2015... still vacant today. Retail though since 2011 has been weird... I worked until 2017 at the water company, lots of new retail, but they would exist for a year sometimes less and Ch 11... then 7... then poof gone. Lots of retail space empty. Those weird Mattress Firm places literally built across the street from each other brand new buildings... we speculated if they were a front for money laundering... well they're now in Ch 11.... they're not a franchise... but some other goofy initial public offering scam. Retail itself gets goofy. Franchises, though, are a racket unless you do your own financing, have extremely good locations, and are allowed to find cheaper suppliers... and you need more than one or two locations, you need several locations in a large area and an agreement with the Franchise of a non-compete for any other Franchise within 40 miles... good luck getting those terms or having that ability. Otherwise, you're better off with a startup operation. And now we discover, the Franchise model not only fucks the franchisee, but the workers too. Fuck that model. It's parasitical multi-level marketing gimmick fucking everyone over most of the time, only to their benefit.
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  2. It's the fact that she has a franchise is why here business sucks. 1) she has no control over her inputs, she has to buy franchise required merchandise. 2) She can't charge whatever price, she must meet the pricing established by the franchiser. 3) Franchisers often provide loan setups and charge huge interest on the borrowed money. Franchises are more often a multi level market gimmick . It's the business model. It's stupid to begin with. Just in Boise Idaho when I was working for the water utility, one of my jobs was processing bankruptcies so we didn't turn their water off for unpaid water bills; McDonald's and many other franchises were always going into Chapter 11, they were constantly changing hands to one partnership to another. One finally declared Chapter 7 around 2015, and the store went vacant. And this is in Idaho, where only the Fed min wage exists. It's business models, many are parasitical, only benefiting a franchiser, and fucking the wanna be business person aka franchisee. Some rules should exist to protect franchisees from parasitical antics for franchisers: they should allow control of the Franchisee to control pay, prices, most inputs, and strict lending standards on amount of interest can be charged on their loans.
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