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<blockquote data-quote="BrownBrokeDown" data-source="post: 1444044" data-attributes="member: 46824"><p>Wrong...If the fast food companies <strong>maintain their profit's</strong>, <strong>not at a percentage but at the actual profits they are making</strong>, the typical fast food chain burger may go up 0.25 to 0.50. I am not going to go into the numbers again, did it in a thread after the Seattle change about how much they change will actually effect the cost, but it's not that big a deal unless the owners decide to keep their percentage of profits, in which they will be using the wage increase as an an excuse to increase their actuall profits. simplified eg...if they are making a 10% profit at 0.50 per burger, with increased cost do they maintain the 10% profit or the 0.50 profit as they raise their prices. (Hint, they will say that they have to keep the 10% profit, but this is not true...)</p><p> </p><p>The wage will be split between all those burgers/pops/etc already being ordered, but the overhead will not change. Only the wages. The utility companies already pay more than minimum wage...the factories that make the burgers already pay more than minimum wage (don't believe me, go look at how much Pepsi pays).</p><p> </p><p>Also, think of all the people that might have extra money to put into the economy now, whether it is buying a car, buying a TV, or going out and buying a burger which will help that business generate more money per hour thus increasing their profits...</p></blockquote><p></p>
[QUOTE="BrownBrokeDown, post: 1444044, member: 46824"] Wrong...If the fast food companies [B]maintain their profit's[/B], [B]not at a percentage but at the actual profits they are making[/B], the typical fast food chain burger may go up 0.25 to 0.50. I am not going to go into the numbers again, did it in a thread after the Seattle change about how much they change will actually effect the cost, but it's not that big a deal unless the owners decide to keep their percentage of profits, in which they will be using the wage increase as an an excuse to increase their actuall profits. simplified eg...if they are making a 10% profit at 0.50 per burger, with increased cost do they maintain the 10% profit or the 0.50 profit as they raise their prices. (Hint, they will say that they have to keep the 10% profit, but this is not true...) The wage will be split between all those burgers/pops/etc already being ordered, but the overhead will not change. Only the wages. The utility companies already pay more than minimum wage...the factories that make the burgers already pay more than minimum wage (don't believe me, go look at how much Pepsi pays). Also, think of all the people that might have extra money to put into the economy now, whether it is buying a car, buying a TV, or going out and buying a burger which will help that business generate more money per hour thus increasing their profits... [/QUOTE]
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