I’ve known three families that had McDonald’s restaurants and all three were wealthy. They definitely lived beyond their two restaurant incomes if these are any guide. It makes me think they must have been finding ways to include personal expenses in the business.
I guess you don’t have to read to be a venerable business mogul now. I’m impressed at your credentials attested to by yourself, just not your reading comprehension.
I think I've made my feelings clear, but let me clarify - "starter" jobs are made up bullshit to underpay people and keep labor costs down in general.
Oh. That explains why China, Vietnam, N. Korea, Venezuela, et al. have all those high skilled jobs & juicy wages.
So paper boys were that? The kid on his bike...tossing you the TBT...on your walkway... should be able to buy a house?
So the kid tossing you your paper back in the day should be able to afford his own place off of that gig? Should we do away with part time jobs too while we are at it? They dont pay a living wage? Or should we double the pay for PT jobs so people can live off them for half the work?
Like most things we argue about here, both answers can be correct. There needs to be better compensation for many jobs that many people do. BUT there is still room for those small PT gigs that our kids can use to learn what its like to go to work, while earning enough money to hang out with their buddies or fill the car with gas. Im not giving a 16 year old a living wage to sweep the floors 15 hours a week. But im also not paying a warehouse attendant $7.50 to work a labor intensive full time job. Both things can be true.
Back in the day 45% of Mcdonalds workers were teens. Today its 33%. That means McDonalds, all by itself, is employing 200,000 more adults in these "part time" jobs for beer money. I think there are more people living off that wage than we'd like to admit. I do agree with you that jobs require different levels of skill driving wide pay gaps, Im just saying is it too much to ask for workers to share in the growth in productivity?
I guess you can thank our political system for allowing people with economic power to entrench their economic power by writing the rules in their favor counter to free-market principles
Well ultimately everything is made up (except the power of capital over labor), but people's idea of a "starter home" now costs like $300,000. No reason a 'starter' job cant pay $40-50,000 annual for full time work.
can’t speak for the above mentioned kid but my first job in HS was working the opening shift at McDonald’s across from Busch gardens. I chose it because I was able to go to work at 4am and be done by 12. This was important because I was playing legion baseball in tampa and we often played double Headers in the afternoon. We didn’t need the money but my parents insisted I work to learn work ethic and the value of money. Lessons that were not lost. I liked it because at first it was just me and one other person and would turn on music loud and cook ourselves breakfast while we prepped Everything for the day. And no I didn’t expect to buy a new car, rent an apartment, or take a vacation on that income.
depends. You can buy starter homes For less than $100,000 but in places where people aren’t pouring in like Florida or atlanta etc. wonder why people Who advocate some total economic nonsense never ever sell their house for below market. Why not sell that 350,000 House for 100,000? Not everyone in Florida is republican, and a lot people Believe what you do yet nobody is selling below market to help people at lower economic ladder buy a house ? Let me Guess. Because it’s YOUR money. Weird how that works
I had a job in HS too, I liked it because there were older people there that would buy alcohol for us and sell me pot, and thanks to my paycheck, I could afford it. I'm not sure what lessons I learned, but I've more or less held down part time work from HS and almost all the time I was in school. Never needed the money to pay rent or whatever (except for a stretch when I wasnt in school), but it was good to have some extra.
To your point, why not close your business instead of paying minimum wage/complying with state regs if you think its a bad idea and its against your principles? Strange how people want to make money instead of close up shop and make none. They must be hypocrites too. Everyone is trapped into market logic! Capital strikes are an Ayn Rand fantasy.
