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Posted: 2/26/2021 1:29:07 PM EDT
[#1]
$100/HR!!
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Posted: 2/26/2021 1:30:32 PM EDT
[#2]
So McDonald’s net sales in 2020 was $19.2 billion. Gross sales was $9.7B. So they are one of the Billion Dollar Companies.
Most of this money comes from the franchise fees times 37,000 restaurants. Under Hawley’s law it would still push burger flipper’s wages to $15 / hr. So saying it is directed at Amazon, Walmart, etc doesn’t negate the fact that it would still force laying off people and raising prices at the local level. And running a franchise is a headache with slim profit margins. The franchise buys product recognition and support, but not the same percentage big profits that the head corporation sees. Edit: first value listed should be Sales/Revenue, not net sales. Www.marketwatch.com. Stock MCD |
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Posted: 2/26/2021 1:34:49 PM EDT
[#3]
Quote HistoryQuoted: 200 Naaa, $2000...Hell, $20,000 an hour. Fuck yeah! |
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Posted: 2/26/2021 1:35:24 PM EDT
[#4]
Quote HistoryQuoted: Like the cost won't be passed on, Senator Dumbass? You really don’t understand why he is putting this forward ??????? The Democrats,after making it a campaign promise to fight for it,have decided they will run away from the idea because big companies that are huge donors to them have told them to do so. The dumbasses who voted for Biden because they thought they were going to get $2000,$15 minimum wage,student loan forgiveness...and he is attempting to give them a choice: side with the donors or side with with voters. If he doesn’t do this they get to skate and use it as a campaign promise in 2022. |
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Posted: 2/26/2021 1:36:15 PM EDT
[#5]
Quote HistoryQuoted: And with the outsourcing those non-skilled positions will lose benifits like medical, dental, and maternity leave that smaller companies can't give. These Congressmen are college educated and are intentionally overlooking the rather simple to see "unintended consequences" of artificially setting a limit on the value of someone's labor. That leads me to believe that the Congressman of Missouri are out to cause poverty, inflation, and unemployment. Or maybe they are trying to reframe the debate from "Why do you hate poor people?" to "Why do you support large evil corporations over mom and pop biz?" You can fight a battle by attacking the front or the flanks. |
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Posted: 2/26/2021 1:39:13 PM EDT
[#6]
I don’t care whether he’s right or wrong on any particular issue, Hawley is nothing more than a giant penis with ears.
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Posted: 2/26/2021 1:40:12 PM EDT
[#7]
Quote HistoryQuoted: Not when you see what it could do to the labor force at a smaller company. By the time inflation catches up and it will happen fast because these companies will still make their bottom line, the 15 dollars will be worth 7.50 so they get nowhere. You do not need to be a Wharton graduate to figure that one out. The smaller companies will simply cut back and get rid of people to survive or have to adjust their prices and price themselves out of business. |
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Posted: 2/26/2021 1:40:31 PM EDT
[#8]
Quote HistoryQuoted: So McDonald's net sales in 2020 was $19.2 billion. Gross sales was $9.7B. So they are one of the Billion Dollar Companies. Most of this money comes from the franchise fees times 37,000 restaurants. Under Hawley's law it would still push burger flipper's wages to $15 / hr. So saying it is directed at Amazon, Walmart, etc doesn't negate the fact that it would still force laying off people and raising prices at the local level. And running a franchise is a headache with slim profit margins. The franchise buys product recognition and support, but not the same percentage big profits that the head corporation sees. |
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Posted: 2/26/2021 1:41:53 PM EDT
[#9]
Quote HistoryQuoted: I bet this doesn't affect very many people. Something tells me Microsoft isn't paying coders $10.50/hour. I think you'd be surprised. Jersey Mike's, Jack in the Box and Dunkin Donuts certainly aren't paying everyone $15 an hour, but they exceed the revenue threshold for this. |
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Posted: 2/26/2021 1:47:15 PM EDT
[#10]
Quote HistoryQuoted: By the time inflation catches up and it will happen fast because these companies will still make their bottom line, the 15 dollars will be worth 7.50 so they get nowhere. You do not need to be a Wharton graduate to figure that one out. The smaller companies will simply cut back and get rid of people to survive or have to adjust their prices and price themselves out of business. Quote HistoryQuoted: Quoted: Not when you see what it could do to the labor force at a smaller company. By the time inflation catches up and it will happen fast because these companies will still make their bottom line, the 15 dollars will be worth 7.50 so they get nowhere. You do not need to be a Wharton graduate to figure that one out. The smaller companies will simply cut back and get rid of people to survive or have to adjust their prices and price themselves out of business. Three major things are being discussed here: 1) The lunacy of placing an arbitrary value on labor. It causes unemployment. 2) The blindness to what this does to competition. Everyone has to compete for labor, and companies who can only afford to pay less are going to find it difficult to compete. 3) The ignorance of reality when it comes to who ultimately pays the price and what it does to the dollar. To all you saying "Smart move Senator... I see what you did there" are failing to register the harm this would cause if enacted. Sure, it punishes these virtue signaling leftist corporations, maybe, hardly... It also punishes those who have to compete with them. He probably intends this to fail, but it's a dangerous game. If I was a leftist, I'd take him up on that in a heartbeat. |
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Posted: 2/26/2021 1:49:27 PM EDT
[#11]
Quote HistoryQuoted: I’m afraid it’s going to be lost on most of the crowd here. Quote HistoryQuoted: Quoted: Yep, that was me while reading. Quite clever. It's like saying "Muslims are right about women." I’m afraid it’s going to be lost on most of the crowd here. Yep. |
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Posted: 2/26/2021 1:49:33 PM EDT
[#12]
Quote HistoryQuoted: Why would I want to punish companies that are successful? Quote HistoryQuoted: Quoted: Quoted: Yep, that was me while reading. Quite clever. It's like saying "Muslims are right about women." It's fuckin genius really. When you look at the list of companies this encompasses... it's nearly everybody you'd want to punish with such a bill. Because no billion dollar company pays that little |
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Posted: 2/26/2021 1:50:02 PM EDT
[#13]
Meanwhile, the full attack on the 2nd A is being ignored.
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Posted: 2/26/2021 1:50:08 PM EDT
[#14]
Quote HistoryQuoted: lol. Big corp liberals suddenly against $15 minimum wage in 3...2...1... yep |
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Posted: 2/26/2021 1:50:59 PM EDT
[#15]
Quote HistoryQuoted: Why would I want to punish companies that are successful? Quote HistoryQuoted: Quoted: Quoted: Yep, that was me while reading. Quite clever. It's like saying "Muslims are right about women." It's fuckin genius really. When you look at the list of companies this encompasses... it's nearly everybody you'd want to punish with such a bill. lol. |
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Posted: 2/26/2021 1:53:55 PM EDT
[#16]
Quote HistoryQuoted: Senator Hawley is a bright guy. While your traditional Republican is willing to lose an election by foolishly getting into a fight over a $10 minimum wage versus a $10.25 minimum wage, Hawley is taking the fight to the big corporations and hitting their bottom line. This is a brilliant strategy on many levels, including providing a benefit to small businesses over large businesses. The only thing better would be to put Amazon and Walmart on "lockdown" for the next 12 months, so small businesses can try to recapture their screwing over the last 12 months. After all, we can't prove that all those shipping boxes aren't spreading the China virus, can we? This. The midwits in here will never understand it though as they are living in the past. They’ll pretend to hate “woke” directives that these big corporations put out and then turn around and simp for them. It is hilarious and sad at the same time. |
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Posted: 2/26/2021 1:55:22 PM EDT
[#17]
Quote HistoryQuoted: It's fuckin genius really. When you look at the list of companies this encompasses... it's nearly everybody you'd want to punish with such a bill. |
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Posted: 2/26/2021 1:57:29 PM EDT
[#18]
I approve this.
 Leftists want to make big corps the sole businesses in the US, then let them shell out the money to their employees even if they're foreigners. This way the leftists idiot voters can see just how much big corps really like them.
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Posted: 2/26/2021 1:57:55 PM EDT
[#19]
Quote HistoryQuoted: I think you'd be surprised. Jersey Mike's, Jack in the Box and Dunkin Donuts certainly aren't paying everyone $15 an hour, but they exceed the revenue threshold for this. Quote HistoryQuoted: Quoted: I bet this doesn't affect very many people. Something tells me Microsoft isn't paying coders $10.50/hour. I think you'd be surprised. Jersey Mike's, Jack in the Box and Dunkin Donuts certainly aren't paying everyone $15 an hour, but they exceed the revenue threshold for this. And suddenly, everyone's a 1099. Though I like the theory of this. In the current environment, since it was proposed by an R, the D's MUST oppose it. Their true believers will not allow agreement with the nazis |
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Posted: 2/26/2021 2:00:13 PM EDT
[#20]
There used to be a country show called Hee Hawley.
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Posted: 2/26/2021 2:02:57 PM EDT
[#21]
Quote HistoryQuoted: How is net sales larger than gross sales? I’m looking at the www.marketwatch.com website for McDonald’s annual income statement. The first line of the report is Sales/Revenue listed as 19.21B . Eight lines down is Gross Income at 9.72B . About 40 lines down is Net Income listed as 4.73B . In between is a lot of deductions/expenses/tax credits/losses that juggle the figures around. Yes, the first value I listed should have been listed as Sales/Revenue, not net sales. At what point is a franchise considered a Mom-n-Pop vs. a corporation? The hope is yes, the bill is to twist it around on the democrats mantra of ‘Big Corporations Bad’. I understand the nuances mentioned. I just look at the ‘what if’ and enough of the dems don’t get the nuance, and calls his bluff? Because there a few in the senate with the mentality of the squad. |
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Posted: 2/26/2021 2:08:39 PM EDT
[#22]
Something brilliant at play here.
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Posted: 2/26/2021 2:12:43 PM EDT
[#23]
Quote HistoryQuoted: I’m afraid it’s going to be lost on most of the crowd here. Quote HistoryQuoted: Quoted: Yep, that was me while reading. Quite clever. It's like saying "Muslims are right about women." I’m afraid it’s going to be lost on most of the crowd here. One of the first things I learned here is that nuance is beyond GD’s comprehension abilities. |
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Posted: 2/26/2021 2:20:19 PM EDT
[#24]
Quote HistoryQuoted: And suddenly, everyone's a 1099. Though I like the theory of this. In the current environment, since it was proposed by an R, the D's MUST oppose it. Their true believers will not allow agreement with the nazis Quote HistoryQuoted: Quoted: Quoted: I bet this doesn't affect very many people. Something tells me Microsoft isn't paying coders $10.50/hour. I think you'd be surprised. Jersey Mike's, Jack in the Box and Dunkin Donuts certainly aren't paying everyone $15 an hour, but they exceed the revenue threshold for this. And suddenly, everyone's a 1099. Though I like the theory of this. In the current environment, since it was proposed by an R, the D's MUST oppose it. Their true believers will not allow agreement with the nazis That's not something they play around about. |
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Posted: 2/26/2021 2:26:25 PM EDT
[#25]
Quote HistoryQuoted: I don’t care whether he’s right or wrong on any particular issue, Hawley is nothing more than a giant penis with ears. Well you can have Claire Bear back... no? |
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Posted: 2/26/2021 2:29:17 PM EDT
[#26]
Quote HistoryQuoted: One of the first things I learned here is that nuance is beyond GD’s comprehension abilities. Quote HistoryQuoted: Quoted: Quoted: Yep, that was me while reading. Quite clever. It's like saying "Muslims are right about women." I’m afraid it’s going to be lost on most of the crowd here. One of the first things I learned here is that nuance is beyond GD’s comprehension abilities. There's one problem with bluffing... sometimes you get called on it. |
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Posted: 2/26/2021 2:29:58 PM EDT
[#27]
$15 isn't what it used to be. Even if this (stupid) proposal passes, there aren't many people making less than that for it to affect
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Posted: 2/26/2021 2:35:16 PM EDT
[#28]
Walmart
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Posted: 2/26/2021 2:36:03 PM EDT
[#29]
Missouri hates kronke, rams
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Posted: 2/26/2021 2:39:19 PM EDT
[#30]
We should just print enough money to make everyone a billionaire.
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Posted: 2/26/2021 2:39:59 PM EDT
[#31]
They are just leaving the USA faster or creating little companies to segment the same group into separate entities etc..
also $15 wont be enough shortly etc etc etc things why this is bs and all that |
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Posted: 2/26/2021 2:41:22 PM EDT
[#32]
Quote HistoryQuoted: A lot of you don't realize that most large corps are already starting people at at least $15/hr. Let the invisible hand of the market decide. If a position can't support 15 bucks there's always a work around. |
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Posted: 2/26/2021 2:41:49 PM EDT
[#33]
Elections have consequences
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Posted: 2/26/2021 2:43:33 PM EDT
[#34]
I think this as fucking retarded of a proposal as anything AOC has done. Hopefully that was the point. If he’s actually serious fuck him, if not serious, good troll.
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Posted: 2/26/2021 2:49:16 PM EDT
[#35]
WORLDWIDE
MAKE THIS LAW APPLICABLE TO BILLION DOLLAR CORPORATIONS ON ALL WORLDWIDE OPERATIONS POS COSTCO CEO, cant fathom how a $15 min wage would be bad for small businesses. FUCK COSTCO |
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Posted: 2/26/2021 2:56:02 PM EDT
[#36]
Quote HistoryQuoted: Well you can have Claire Bear back... no? Nah. Never liked her either. |
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Posted: 2/26/2021 2:57:24 PM EDT
[#37]
Quote HistoryQuoted: Inflation is going to go crazy Yes, but any company for which this stupid legislation is a problem will either move offshore or simply reorganize itself to fall under the threshold. |
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Posted: 2/26/2021 2:59:16 PM EDT
[#38]
Quote HistoryQuoted: Election |
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Posted: 2/26/2021 3:07:22 PM EDT
[#39]
Zero fucks given. People only understand one thing in this world, getting kicked in the balls.
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Posted: 2/26/2021 3:11:45 PM EDT
[#40]
Quote HistoryQuoted: Yep, that was me while reading. Quite clever. It's like saying "Muslims are right about women." Quote HistoryQuoted: Yep, that was me while reading. Quite clever. It's like saying "Muslims are right about women."  |
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Posted: 2/26/2021 3:12:16 PM EDT
[#41]
Quote HistoryQuoted: So McDonald’s net sales in 2020 was $19.2 billion. Gross sales was $9.7B. So they are one of the Billion Dollar Companies. Most of this money comes from the franchise fees times 37,000 restaurants. Under Hawley’s law it would still push burger flipper’s wages to $15 / hr. So saying it is directed at Amazon, Walmart, etc doesn’t negate the fact that it would still force laying off people and raising prices at the local level. And running a franchise is a headache with slim profit margins. The franchise buys product recognition and support, but not the same percentage big profits that the head corporation sees. Edit: first value listed should be Sales/Revenue, not net sales. Www.marketwatch.com. Stock MCD Franchise owned local not national. |
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Posted: 2/26/2021 3:17:32 PM EDT
[#42]
Quote HistoryQuoted: I don’t care whether he’s right or wrong on any particular issue, Hawley is nothing more than a giant penis with ears. Yep sandy vagina mcrascal would be a better choice. 
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Posted: 2/26/2021 3:28:37 PM EDT
[#43]
https://www.theguardian.com/technology/2020/apr/15/amazon-jeff-bezos-gains-24bn-coronavirus-pandemic
Amazon CEO Jeff Bezos grows fortune by $24bn amid coronavirus pandemic Small businesses took it up the ass during the wuflu with the mandatory close downs. I see no problem, especially as the bigger businesses support raising the minimum wage KNOWING that their smaller competitors will be harmed. |
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Posted: 2/26/2021 3:48:35 PM EDT
[#44]
Republicans showing they don't actually believe in conservative ideals like limited government and the Constitution
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Posted: 2/26/2021 3:49:27 PM EDT
[#45]
Quote HistoryQuoted: I think you'd be surprised. Jersey Mike's, Jack in the Box and Dunkin Donuts certainly aren't paying everyone $15 an hour, but they exceed the revenue threshold for this. I've never been to a Dunkin Donuts corporate store. Neither have you. They're 100 percent franchise locations. I would bet dollars to dunkin donuts that no franchisee is doing a billion dollars in revenue. |
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Posted: 2/26/2021 3:52:56 PM EDT
[#46]
He's obviously just trolling the Democrats. This isn't a "real" proposal and won't go anywhere. Not sure why people here are taking it seriously, it's obviously meant for a laugh.
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Posted: 2/26/2021 3:53:45 PM EDT
[#47]
I understand why, he wants to protect small business. They are less likely to afford minimum wage increases.
But at the same time less people would be willing to work at a small business. Why work at a local store for $10 when a big retail store charges $15? |
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Posted: 2/26/2021 3:57:47 PM EDT
[#48]
Quote HistoryQuoted: Make it $20. Bonzai bitches! "That's not a living wage." 
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Posted: 2/26/2021 3:59:03 PM EDT
[#49]
Quote HistoryQuoted: I bet this doesn't affect very many people. Something tells me Microsoft isn't paying coders $10.50/hour. What's the going rate in Bangalore? |
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Posted: 2/26/2021 4:28:52 PM EDT
[#50]
Quote HistoryQuoted: You really don’t understand why he is putting this forward ??????? The Democrats,after making it a campaign promise to fight for it,have decided they will run away from the idea because big companies that are huge donors to them have told them to do so. The dumbasses who voted for Biden because they thought they were going to get $2000,$15 minimum wage,student loan forgiveness...and he is attempting to give them a choice: side with the donors or side with with voters. If he doesn’t do this they get to skate and use it as a campaign promise in 2022. Thank you. At some point the mindless populist Left needs to wake up to being stooges. |
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