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32,360 Views • Apr 5, 2024 • Click to toggle off description
Views : 32,360
Genre: Education
Date of upload: Apr 5, 2024 ^^
Rating : 4.043 (189/601 LTDR)
76.08% of the users lieked the video!!
23.92% of the users dislieked the video!!
User score: 64.12- Positive
RYD date created : 2024-05-23T04:29:46.120225Z
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YouTube Comments - 8 Comments
Top Comments of this video!! :3
Plot Twist....Just went to Wendy's here in Martinez CA.....one I eat at 4 times a week for the last 6 years. All the regular staff has been replaced....The new workers screwed up my order, giving me a single burger instead of a double burger that I paid for. I believe the new staff is friends and family of the owner.
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Kevin why don't you do a breakdown on how much more that cheeseburgers costing you with the higher pay on fast food workers. I'm just wondering what the burgerflation is on that?
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Hourly wages may go up for the 4 in 5 people that get to stay on, but it'll likely net those workers zero when their hours get cut. Many franchisees operate on margins smaller than the percent increase in labor, meaning prices need to go up and staffing need to go down in order to operate in the black.
There's also an effect on other businesses that employ the type of worker getting paid minimum wage (grocery/retail) that means their pay offering needs to increase to maintain staff, which gets passed to the consumer, increasing prices on necessities like food, clothing, and health products.
The increased prices increase cash flowing through the business, increasing the on-paper revenue stream volume, increasing the value and cost of commercial real estate (and apartments), who's mortgages are now more expensive, which gets passed on to tenants, making rent more expensive and increasing the cost of services like oil changes, barbers, and restaurants, as well as housing for those renting apartments.
In the end the net effect is people making minimum wage have no actual net wage growth, many are jobless, and every aspect of their life remains unaffordable.
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Wow how many businesses are closing or letting go employees in California. Then those burger prices all went up.
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tons more inflation incoming
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UPS is laying off 12,000. Wage inflation means jobs have to be cut. It’s not about wealthy people, it’s about resource allocation for businesses.
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@DavidVincentII
1 month ago
We've been lied too loyalty isn't important. Jump ship every three years .
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