re: President* Biden Tells Restaurant Owner Desperate For Employees To: "Pay More"

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Yes prices will go up, but like I said in that earlier post, a Big Mac meal is $7 and minimum wage is $7.25. If minimum wage increases to $12 and Big Mac meals increase to $10, it will actually return things to a normal price point proportional to wages like the 70’s 80’s and 90’s.

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Your analysis is flawed. You don’t see a rise in real wages/income disproportionate to inflation unless there are efficiency gains, and there are no efficiency gains from the government decreeing a minimum wage hike or paying workers to stay home.

Think of it this way - make a burger, build a car or manufacture a computer, then sell it. Every single penny the consumer spends on any of those things (or literally every product/service you can buy) goes to either wages or some other form of income. It’s not like the cow or tree are cut in in the deal, right?

So the only way you can in fact make a Big Mac meal cheaper for anybody in real terms is to squeeze labor out of its production (starting with the production of raw material thru to preparing/serving) - that’s an efficiency gain, or someone in the economic food chain for that product has to surrender some of its income. For the hourly wage guy that means the owner of the franchise or the owners of McD Corp will have to settle for less. Now tell me how likely it is that the owners are going to allow their share to be shrunk in order for the unskillled guy to make more in real terms. And don’t forget, it’s not franchise owners and shareholders streaming across the border - which is why illegal immigration is a big frick you to the American unskilled/working class.

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Restaurants can kick fricking rocks with their $2.35 an hour bullshite and hope to god patrons decide to be nice enough to pay their employees. I have zero pity for restaurant owners, this is all self inflicted on themselves.

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That’s not how it works. Restaurants have to supplement the pay to reach min wage of tips do not equal up to it

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Lanni owns the Thunderdome Restaurant Group which has 39 restaurants across the country

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Thunderdome Restaurant Group received $8M in PPP loans which were likely forgiven.

John Lanni has a net worth of $11M.

He is crying about having to pay more than minimum wage in an industry where front of house staff costs less than $3/hr while taking $8M of tax payer money. Screw that guy.

LINK

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Restaurant needs to raise prices.

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Its that or go out of business. This is why prices are skyrocketing on everything. And Joe thinks that printing more money will quell inflation.

I shite you not.

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You can’t sit here and think it’s perfectly okay that minimum wage hasn’t increased in 12 years but inflation grows the dollar 3% each year.

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This isnt happening, though. Ive lived in 3 states over the last 8 years and had working age children the whole time. They have always made more than the national minimum wage.