Comments by "Dennis" (@Dennis-nc3vw) on "Why Fast Food Has Gotten So Expensive" video.

  1. Meaning all the workers you tried to help by raising minimum wage will be out of a job.
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  2. Because the right CEO can make or break 1200 jobs, easily.
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  3.  @tobiramasenju6290  um, what? Half the country has seen minimum wage rise in the past five years. New York, DC, and New Hampshire are three states I thought of off the top of my head.
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  4. Seeing as fast food is still cheap in Texas I’d say it’s a good assumption.
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  5. Makes sense, because labor got more expensive. Your explanation is corporations magically became greedier for no reason.
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  6. No, that number is cooked. Adjusted for inflation the minimum wage has never been more than 11.00hr, federally. How they get that ridiculous 23.00hr number is almost certainly like this… Imagine I help you bake a pie and in return I get 10%. Then I bake a pie three times the normal size. The people claiming minimum wage should be $23 would say I deserve 30% now, while a sensible person would know I still only deserve 10% because that 10% would be three times as big.
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  7.  @clintbuzzworth6669  According to liberals people are just really greedy in the Honolulu airport and really generous in Tokyo for some reason.
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  8.  @tv-21  Yet grocery stores run razor thin profit margins. Walmart's profit margin is something like 2.7%. But people will still blame corporate greed for the increase.
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  9.  @CharlyCD93  "I agree. I feel like it should be cost should be 1/3 materials 1/3 labor & 1/3 profit." McDonald's profit margin is 31%. That's less than 1/3rd.
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  10. I can still get the whole Big Breakfast with Hot Cakes for under $7. Red State economics, baby. 😎
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  11. There was also a time the minimum wage was $1. Ever heard of inflation?
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  12.  @blackgemstone801  I'm not sure Texas prices haven't risen. It feels like Chick Fil-A and Subway have gotten more expensive, but not McDonalds or Panda Express. Regardless, its not nearly as bad as the stories I hear coming out of New York and California.
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  13. A McDonald’s diet worked fine for Usian Bolt. It’s all about calories in vs. calories out.
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  14. That's the future in California and New York, not Texas. I can still get a Big Breakfast with Hotcakes for under $7.00.
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  15.  @mikejones8519  Christ alive, it's so hard to believe even you believe what you said. Businesses are incredibly complex. You might as well say "hand any idiot a scalpel and some morphine and they can do a doctor's job." That would be a more rational statement.
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  16. Grocery store profit margins are tiny. Even if they doubled their profits it would only increase prices by a few cents to a dollar, yet groceries of all things are getting more expensive.
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  17. Usian Bolt ate a McDonalds diet. It's all about portion control and calories in vs. calories out.
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  18. It’s the state governments. It’s not so bad in Texas.
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  19. "Local business" are going to have an even harder time with a $15 minimum wage.
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  20. In Texas its 9 dollars. I guess corporation are just greedier in San Francisco than Texas, it couldn't possibly be that we have lower minimum wage, right?
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  21. Yes, corporations magically become greedier in the place where they raised minimum wage. Makes sense. A double cheeseburger meal is still under $10 here in Texas.
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  22.  @robclark3095  It should be free and we should all live in mansions while working zero hours a week. Economics isn't about what should be, it's what works and what doesn't work.
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  23. The CEOs could work for free and it would barely effect profits or worker wages. Do the math.
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  24. When liberals learn to love themselves more than they hate "the 1%", this problem will go away. In Texas I can still get a Big Breakfast with Hotcakes at McDonalds for under $7.00. But liberals love to hate so much that they have to blame corporate greed.
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  25. Who are the big bosses? The restaraunt owners? They make middle class incomes. I don’t think you know how franchising works.
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  26. No its not. It's all about portion control. Look up all the people who set out to refute "Super Size Me" and succeeded with flying colors, showing how you can be healthy and eat fast food every day.
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  27. Bluestatenomics. Texas is doing fine, for the most part.
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  28. Wage increases + property taxes. If it was price gouging wouldn't profits increase by 150% (actually more than that) too?
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  29. Pretty sure corporations don’t choose these prices, individual business owners do. Anyway why do you think corporations magically became greedier all of the sudden.
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  30. Also soaring corporate profit margins would be something like 10% to 12%. Nothing that would add more than a few cents to a dollar on prices.
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  31. Half the country has increased its minimum wage in the last few years.
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  32. Yes, corporations magically became greedier over the last couple of years for no reason. That makes sense. By the way, do you know how franchising works? I’m pretty sure corporations don’t choose these prices. Individual restaraunt owners do.
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  33. It's more the fault of local governments. Inflation hasn't been that bad in Texas.
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  34.  @robclark3095  That would be true, but its profits going up 2% and minimum wage going up 10%.
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  35.  @robclark3095  Well how does this explain increasing grocery store prices? They run razor thin profit margins, so even if they doubled their profits it couldn't increase prices by more than a couple of cents on the dollar.
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  36.  @AuspexAO  Companies have grown over time, so the correct leadership means more. Labor indeed matters more, which is why collectively workers make about ten-thousand times more money than a CEO. A Walmart CEO makes 20 million a year. Walmart has 2 million workers. Do the math.
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  37. @AlWorth9738 The people who decide CEO salaries are the ones who have to part with their money (the shareholders), you don't. So who are you to say who's worth what?
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  38.  @davidfaustino4476  What a ridiculous dogma. Do you even believe what you said? Millions of people have died because the wrong people were put in charge of managing resources. You think someone with 0 years of experience in an industry can manage it as well as someone with 30?
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  39. CEO salaries are still nothing in the grand scheme of things. They account for maybe .01% of what a business makes.
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  40. Corporations don’t choose the prices in a franchise. Individual business owners do.
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  41. When I moved out of my parents house and started eating fast food 3 or 4 times a week, I lost 15 pounds in six months. It's all about portion control, and not buying a cup of melted ice cream with every meal.
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  42. Funny how corporations aren’t so ‘greedy’ here in Texas or the other Red States. 🤔
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  43.  @dastan4637  I don't know. When I moved out of my parents house (very wealthy people who could afford to buy "healthy food") and started eating fast food 3 or 4 times a week, mostly McDonalds and Taco Bell, I lost 15 pounds in six months. It helps if you don't buy a cup of melted ice cream with every meal.
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  44. Yes, corporations magically became greedier for no reason. Makes sense.
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  45. Now all the workers you tried to help by raising minimum wage will be out of work.
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  46. Nice dogma. Now explain why people are so much greedier in places where labor is more expensive, and why corporations suddenly become greedier after COVID.
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  47. They get like 1/10,000th of the revenue the business makes. They could work for free and it would barely make a difference.
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  48. The 'execs' at the top could work for free and it would barely effect worker wages or profits. Also when was this time minimum wage meant the ability to pay rent, utilities, and put food on the table and clothes on your back? I guess if you lived like the guy in Flowers For Algernon it could, but most people watch Leave it to Beaver and for some bizarre reason I assume that's how everyone lived even though the dad worked a white collar job for a big company in New York.
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  49. Because there are hundreds of thousands of employees.
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  50. People blaming corporate greed likely don’t know how franchising works.
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  51. Nice dogma. Why is there so much more "greedflation" in places with higher labor costs and higher property taxes?
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  52. This is what happens when you raise minimum wage. I can still get a double cheeseburger meal for under 10 dollars in Texas.
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  53. What's really killing small businesses is minimum wage hikes.
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  54. Funny how corporations are so much greedier in places with higher minimum wage. How does that work?
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  55. That’s freaking nothing considering how big the corporation is.
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