tst123@lemmy.world to California@lemmy.world · 1 year agoCalifornia fast food workers to get $20 minimum wage under new deal between labor and the industrywww.kcra.comexternal-linkmessage-square10fedilinkarrow-up191arrow-down14cross-posted to: [email protected][email protected]
arrow-up187arrow-down1external-linkCalifornia fast food workers to get $20 minimum wage under new deal between labor and the industrywww.kcra.comtst123@lemmy.world to California@lemmy.world · 1 year agomessage-square10fedilinkcross-posted to: [email protected][email protected]
minus-squareSharkwellington@lemmy.onelinkfedilinkarrow-up9·1 year agoBecause menu prices are directly tied to employee wages and nothing else. They were raising prices regardless.
minus-squareNeuromancer@lemm.eelinkfedilinkarrow-up3·1 year agoLabor is about 25-35% of cost. Here is the mistake people make. If labor goes up by 5 dollars per hour. It doesn’t mean a cheeseburger will go up by 5 dollars. They’ll have to recalculate prices based on volume, etc. People would always say double labor cost would double the end product. It shouldn’t. It’s why I support fair wages. Things should cost what they cost. People should be able to survive on a job. Now I wish wages were more regional. For rural California, 25 may not be bad. In San Francisco, this isn’t liveable.
Because menu prices are directly tied to employee wages and nothing else. They were raising prices regardless.
Labor is about 25-35% of cost.
Here is the mistake people make. If labor goes up by 5 dollars per hour. It doesn’t mean a cheeseburger will go up by 5 dollars.
They’ll have to recalculate prices based on volume, etc.
People would always say double labor cost would double the end product. It shouldn’t.
It’s why I support fair wages. Things should cost what they cost. People should be able to survive on a job.
Now I wish wages were more regional. For rural California, 25 may not be bad. In San Francisco, this isn’t liveable.