cross-posted from: https://lemmygrad.ml/post/4173165
Finance bros be like
$0.00-0.25 price increase to pay for $20/hr wage
Finance bros: This is what's keeping the next generation from affording $1 million houses with a mortgage at 7.5%
In-N-Out is the worst one to pick for this because they were already starting at $19/hr anyway
That's a .10 cent increase! Western society is doomed.
meanwhile, there are like no poor people that wouldn't make that trade. the price goes up all the damn time anyway, workers might as well get paid.
The wage increased by $4/hr and the double-double price increased by $0.25 so the workers will break even when they eat 16 double-doubles per hour.
I am a serious accountant please buy my book.
The wage-price spiral makes no sense on any level, since businesses will always sell their goods at the highest price they sustainably can, counterracted both by competition and demand reduction, with the only argument against this being that a summary rise in the minimum wage will increase the amount people are able to spend on goods across the board, and then there would be a nominal rise in prices but economic relations would remain the same, so nothing should be worried about.
An increase in wages by itself leads to a decrease in profit as a rule, but the claim that it also leads to a similar real increase in prices can only be true under monopoly, where a company that has complete control over a good must raise its prices to keep up with a pay increase demanded by workers within the company, and we know this is far from the rule as even companies with large monopolies like Amazon spend considerable resources to prevent worker organizing.
FIVE ITEMS CHANGED YA FUCKIN PSYCHO CRACKER
God damn this shit makes me mad as hell and I don't usually do rants on this site lmao
At my last workplace, we had your typical menu with food+drink combos that costed a pretty penny (it was an above average fast food/smoothie place) so typically we also had to keep presentation of the meal in mind. That's no big deal to me personally, but I do consider it extra labor when we're on a timer. Especially so when we're in a morning to lunch rush. That shit takes time and any manager worth a shit will understand the importance of actually making the sale in a timely manner and set some common sense expectations.
However, not too long ago we added four new items to the menu that only shared two prep ingredients while the other two had their own yogurt/oatmeal mix for the base. All four of those items required different standards of presentation which made me want to rip my hair out. These things cost more than almost all food menu items and we had to give the customers an option to add or subtract ingredients just like our smoothies. The sheer amount of extra labor required to make these things in a timely manner was fucking ridiculous. So on top of the extra prep now required for all crews, we had to make these things along side our already busy days AND have managers breathing down our neck if complaints about the new precious item ever rolled in.
Nobody got a raise. Closing got worse and worse because they didn't give a damn about what was actually happening in the store. Got ignored when I requested an extra set of hands. One of my shift leads (who I worked very well with during closing) got written up by some random new dipshit because for the first time in the two years we closed the store around 11 PM once.
Eat my dick ya workless managers. Go jack off to spreadsheets or some shit. God forbid you have to wash some dishes or wipe down a countertop for once.
True, this is a problem.. The fact that bourgeois fucks can raise prices as needless retaliation to laws needs to be remedied..
My milkshake costs an extra nickel, for what? So people can survive? This is bullshit!
As an accountant, the only people who get CPAs are the ones seeking to become an executive in a CFO group, or they want to work for a CPA firm where they'll get to work 70 hour weeks during busy season and maybe move up some day if they stab enough backs and kiss enough asses