If you work at Timmy’s do a count of how many ice caps you make in a day. Multiply that by the cost. I guarantee on ice caps alone you make more value than you get back in your check
Libs learn about the labor theory of value and are like, “so what if people skim a little off the top? The business has overhead.” This is not skimming. Most people lose more than half of their labor value every day.
I agree with the general premise of both the thread and what you're saying here, but it sounds like this guy gave them the sales, not the profits? If so they'd effectively be producing 78/hr minus what ever the cost of ingredients (including shipping), utilities and equipment.
I expect the profit per employee is still pretty high though.
The article says profit while the video says "all the money". Even then, the owner expected to be able to pay them around $50/hr. Compare this to their actual earnings.
Ohio's min. wage is $8.8/hr btw and tipped workers, students, part-timers can be paid even less.
Source
Did you mean the reverse? Didn't watch any videos, but the article states they were given "sales and tips"
There's a Facebook video linked in the article. And there was discrepancy b/w the article title and content (profit vs revenue) so I checked it out.
Eh, well in any case this is all splitting hairs I guess, sorry for starting the hairsplitting for no reason (personal flaw).
Point is that the workers are generating a bunch of wealth and living in poverty of course.
No problem, I've seen that point about it being revenue and not profit brought up a couple of times, so it's a valid concern. At least, putting a number makes it tough for libs and cons to say employers are only "skimming a bit from the top".
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Yeah, I think the biggest actual cost beyond restaurant employee labor is probably just paying agricultural and logistics workers to get you ingredients.
It's been a long time but I remember working at McDonald's a long time ago and finding out what labor vs other overhead was and doing some napkin math on how many McChicken™ sandwiches I was making an hour and being kind of astounded at how much income was been generated off of my labor.
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Worth noting the crazy high franchise fees for opening a McDs. And yet there's one on every corner.
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