Fast Food LOSING CUSTOMERS AND WORKERS AT ALARMING RATE!

[@MichaelBordenaro]

“I’d Rather Sell My House To OPENDOOR THAN HIRE A REAL ESTATE AGENT” kzbin.info/www/bejne/Z4HYhoGKpdimaqM

[@SamuelClemente7718]

I live in California. I don't know anyone making $20 a minimum in my town...... Source?

[@cardelturner8116]

I live in California, and we cannot afford this! All these pay raises! cmon now!

[@amberlopez7477]

@@SamuelClemente7718 Do your own research. Don't be a lazy Democrat.

[@cynjhern]

History Lesson: Since its inception in 1938, the minimum wage has gone up 19 times. Can you name any year in which one of these increases caused inflation? If there was such a year it would be repeated 5000 times a week on FOX News. Since 1938, every time it's been raised, within a 3-year period following the raise, it has spurted GDP growth without inflation due to aggregate demand increasing. That is because workers have more money in their pocket to spend and they do. What has exploded since 1980, is CEO compensation. It's gone up around 1040% while the average worker has only gone up around 16-18%. If minimum wage kept up w/ Wall Street Bonuses the minimum wage would around $26 per hour or more by now. Since 1985, bonuses have surged 1,217%. It's also important to understand the market for labor is an after-tax market & not a pretax market. Tragically, neoliberalism has really messed with our heads.

[@OilTrading]

You talk about Mcdonalds everyday, you must really LOVE Mcdonalds. I guess you never did figure out that Mcdonalds is for children not adults. Maybe one day you'll grow up Michael and actually become a man.....but probably not.....

[@Grace.h-t8o]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@Theodorebarba]

money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider financial advisory

[@Helen_white1]

I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@DhanaPayar]

That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@Helen_white1]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@Richard.raspberry]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.

[@raymondbuniak6887]

Last night it was 12 degrees outside. I had a choice: $13.34 at McD's for a Quarter Pounder meal with a medium hot coffee to eat in the car or $19.45 at Texas Roadhouse for a steak, baked potato, and house salad plus rolls and a bag of peanuts plus a warm booth. Which do you think I picked?

[@TheSuperdodgy]

the term "steak" at Texas roadhouse is used loosely.

[@DIVISIONINCISION]

The steaks are good, sirloin at least, but it's too loud in there. Also, you may want to think about moving to a warmer climate.

[@ryanyoder7573]

Hormel in the microwave. Tastes good. Very low cost.

[@mh0862]

So often the dining area is not open at Mc'Ds these days so yeah, you have to eat in your car or hurry home before the fries get cold.

[@wrsawy]

I cooked a 5 dollar piece of meat. Cooked up some taters, created a muffin stack. Sat down, watched the game, had a beer. Can't wait for Jan 20th

[@karenscookingkorner]

I avoid ALL fast food restaurants because it is crap food. I have been cooking at home everyday since March 2020 Never going back

[@blackworldtraveler3711]

Same. Never knew I enjoyed cooking until the shut down.

[@analyticalhabitrails9857]

Count me in!

[@kingscairn]

Gotcha beat by 35 years

[@kingscairn]

@dougrobertson555 well- ya got me there - enjoy being a helluve cook - dishes - not so much

[@fragtthorsten9059]

clausi darth vader schwab wrote exactly that in his Book "covi 19 the grat reset"

[@Saki630]

In-n-Out has been paying $20 before all of this and they are doing just fine. Every drive through is packed. $7.80 for double-meat and fries with a cup of water....

[@DIVISIONINCISION]

Their burgers are small, though. Whataburgers is larger and made fresh.

[@AudaciousBean]

They built employee satisfaction/retention into their business model. Don't you wonder why their menu is bare-bones compared to other fast food?

[@TheUtuber999]

@@DIVISIONINCISION If "Whataburgers" were so great, they would be everywhere like In-N-Out. Never heard of them, lol.

[@gauloise6442]

@@DIVISIONINCISION In and Out are large enough for most people .Portion sizes are out of control and lead to obesity

[@reginafisher9919]

Yep, all these other companies are lying, their CEOs are taking all of the money for themselves hoarding it or buying back stock, just so they don't have to pay the minimum worker a livable wage, so they can be a billionaire and have five homes and live on a yacht! Just like the CEO that was just killed!!!! People have had enough of their lives and that's what they are lies!!! They use people as slaves!!!

[@chrisjenkins9978]

Michael, $20 an hour only has the purchasing power of $10 an hour. It’s the devaluation of the $20 bill by the Federal Reserve that’s the problem.

[@Singlesix6]

According to the inflation calculator fwiw, $10/hour in 2019 would be $12.34 today. Even if the government is fudging the numbers and we double it, the $10 becomes $14.68. I agree, inflation is a killer and many things have nearly doubled.

[@chrisjenkins9978]

@ - It’s not the number, it’s the purchasing power. The dollar is losing value at an alarming rate.

[@tallman369]

My burgers I grill are much better. And price point is much better.

[@blackworldtraveler3711]

Indeed. I can make a true 8in diameter Whopper like it was years ago in my own home.

[@kingscairn]

You hav'nt had a burger untill one of mine

[@Eluderatnight]

1/2lb organic grassfed beef seasoned 2 slices of baby swiss +ranch/ketchup between two airfried mushroomcaps(better than bun) for ~$5

[@brettloo7588]

Do it your self people are the only 'kind of' winners in this shit show

[@kingscairn]

@brettloo7588 absolutely

[@daveblackman816]

Good! People should stop eating stuff that’s not edible!

[@renardfranse]

soylent green is PEOPLE!

[@tape6818]

Exactly my thoughts...... please price everyone out of junk food....do them a favor...

[@bustjanzupan1074]

Yes, Exactly, Amen.

[@TamekaGraham]

Hello

[@SgtJoeSmith]

Yeah stop eating fast food and smoking and don't need health care anymore

[@billbrock8740]

Haven’t had fast food since 1993. IT’S ALL CRAP!!

[@rubyferrante101]

So true

[@booboolips6053]

Yep, I vaguely remember going to McDonald’s when they had the deal 10 burgers for 10 dollars.

[@Brandon-0300]

I just ate jack in the box for lunch. I feel like crap tho :-/

[@keitha.9788]

What happened in 1993???

[@taino1642]

Damn you must have a great wife. Most young women cant even boil water and are perfectly happy feeding their kids happy meals.

[@smk-q1s]

Minimum wage is one factor but not the main factor. Main factor is the outrageous pay packages for the top Execs

[@redrumcertified9203]

🎯

[@KaineTremaine]

"Share holders" get all the profits. Free checks for life right?

[@jamieprewitt]

What many don’t understand is in many states the employer pays twice, minimum wage to the employee and another to the state. That is the issue $30-$40 per employee…. What we need is less government and a free market.

[@mr.makeit4037]

Yes ofcourse. This guy never addresses what the top execs, ceos, or shareholders make. Always places the blame on the workers. Then he goes straight to homeless issues. He has been called out several times, but repeats the same line consistently.

[@jeffhogueison1656]

It was about the same as labor cost percentage wise -what goes to profits of ceo and shareholders ​@mr.makeit4037

[@chrisrickmears3826]

California cost of living requires $40-50 an hour. Glad I left that state. Cheers all

[@gunkulator1]

Nobody goes there anymore. It's too crowded.

[@angelcitystudio]

@@gunkulator1 It is too crowded but no one goes there... 🤔

[@kennysponto6568]

Fast food is deadly 💩

[@TreeofLife-r3d]

Eat healthy food Eat fresh food

[@bustjanzupan1074]

@@TreeofLife-r3d Freshly bakened pancakes ?

[@catitude4]

They are paying big prices to eat poison.

[@Cassini-jr7oo]

Love it, people are waking up and realizing that is not worth spending money on crap food. Cooking your own food is the only way to go. Videos like this really help, good job Michael for saying it like it is, better than watching the fake news.

[@jamieprewitt]

Stopped going out to restaurants. They jacked up the cost of the meal by 70% on top cut the portions by half.. see ya can’t wait to see the “Going Out of Business”

[@robertbaker3126]

Prices went up way before the twenty Dollar an hour thing

[@danettewelborn5577]

No, that made prices explode

[@BillySBC]

Yep, everybody wants to get paid but nobody wants to do the paying.

[@BillySBC]

@@danettewelborn5577 No greed did that. Big corporations that would rather pass the cost along to you rather accept the cost of paying their employees.

[@TheRobertmaya]

This guys a washed up greedy realtor. Talk about useless and over paid! FO Mikey

[@stonefacedninja]

Yep. In fast food, they have been going up for about 11 years

[@bryancarlson3673]

After California and Federal confiscatory taxation, $20/hour quickly turns into less than $10/hour!

[@ralph95]

Well said

[@BruceLee-xn3nn]

They're not as educated as they think over there. They should protest for much lower taxes.

[@disenfranchised2.073]

If Zimbabwe is to be used as an example, it's not about how much money someone makes. It's about the cost of living and available resources. If California wants to tackle the minimum wage and livability issue, they should consider making it cheaper to live there, but they won't, because they don't really care.

[@iamswarms]

They do care, actually. About themselves. From their point of view the raising the minimum wage raises their tax base. Because they are psychopaths, they cannot see that they will kill the jobs they intended to steal tax money from. So it goes.

[@gunkulator1]

The reason California is expensive but Zimbabwe is not is because people want to live in California, not Zimbabwe. Supply and demand. Taxes are one factor but are not at all the only factor to quality of life. For example, a large chunk of the population doesn't care for "your body, my choice" draconian style of politics and will pay extra to retain their rights.

[@JohnSmith-ti2kp]

Micheal, the reason there are so many laws that are not enforced routinely, is that those same laws can be used against people that the people in charge or even law enforcement officers don't like.

[@cfoster6804]

Yep!

[@Rob-r2s]

I haven't eaten fast food in six years. It makes me sick.

[@KaineTremaine]

Yea.. food quality had to go away long time ago.. Serve cheap slop, just to boost profits for "share holders"

[@Rob-r2s]

@@KaineTremaine The meat quality is the worst that the FDA allows which is Grade D But Eatable. They probably serve Pink Slime and Meat Glue.

[@Omega-s6s]

@Rob-r2s wait till it's all you can afford. Lol or can't afford. At one point in my life, I could not afford a cheese burger. Lol welcome to the jungle, abandon all hope ye who enter

[@TheJohnbjunior]

It makes everyone sick. Some just don't realize it yet

[@chargermopar]

Everything I buy has gone up, some things more than 100 percent. Just went to do an oil change on my van and the oil filter that was 9.95 last year is now 27 dollars! R134 was 4.88 a can and now it's 9.88 a can. If the Fed keeps inflating the the wealth and income gap keeps increasing, pitchforks and torches will go their way.

[@brianmatthews4149]

Wtf.iam glad I dont live there.24.00 oil filter 34.00 synthetic oil filter where iam.

[@aaronburton8403]

McDonald's made 14+ billion in profit in 2023. Pretty sure they can both pay 20 an hour and not raise prices without becoming unprofitable. Infinitely growing profits is not sustainable.

[@stevecider2228]

Free Money is gone

[@blackworldtraveler3711]

You should have invested like i did. Was around $2 a share what I started buying the stock in high school. Part of the reason I had no student loan debt becoming an aerospace engineer.

[@charlesjones5900]

So the answer is to have the government force it?

[@aaronburton8403]

@@blackworldtraveler3711 I'm not even gonna hate, happy you did well for yourself. To be fair that would have been back in about 1980, I'm not quite that old. Particularly as a teenager and someone starting out their adult life investing isn't always an option living paycheck to paycheck or just not having financial resources, financially illiterate parents and schooling. Not everyone grows up in the same circumstances. Point is valid though, smart investing while young, if you can manage it, is an excellent pathway to future wealth.

[@bpb5541]

McDonalds is a real estate company not a fast food company. Research how they do the payouts for the franchise owners. It's criminal.

[@pdkrace]

Left California back in 2016.After living there for over 58 years. Most of my family did the same.

[@DIVISIONINCISION]

Left Fair Oaks in '87, when California was still "nice".

[@bpb5541]

It's like BTC we all wish we bought it at 10k, 20k, 30k, 40k, 50k, 60k, 70k.... lets just admit also there are folks that can afford to live here and then there are those that wished they did. Even if the state is all jacked up.

[@petuniasevan]

Left California in 1993. Was born and raised in Southern California; last place I lived in the state was a town a few miles north of Chico. I miss what WAS. I've got relatives still there in the LA area and Inland Empire, and quite a few say they wish they could get out. The old quotes "You can't eat scenery" and "The view ain't very sustaining" do ring a bell.

[@jasonfuller1001]

Leaving California soon, lived here all my life. Reasons? Too expensive and too crowded. Can't beat the weather here, however.

[@gunkulator1]

@@jasonfuller1001 No one goes there anymore, it's too crowded.

[@s99614]

The price of fast food is too damn high!

[@KaineTremaine]

All profits go to globalized "stock holders".. until they're dead. Stock profits Probably transfer to their children after

[@robertw1871]

Profits are looking pretty good though!

[@lindalewis8503]

Absolutely fantastic to hear the truth. I lived in Northern California and owned a retail store. It was insane. I sold everything and moved to a much better state!

[@UndertheNeedle282]

If you can't afford to pay your employees a living wage then you shouldn't be in business.

[@Obeserundown]

Inn and out pays well, is reasonably priced, and the food is fresh. Minimum wage isn’t the main issue. Corporate greed and bad business models are the root of the issue.

[@1man2many]

You derive this assertion from your experience running a public-facing business in California no doubt...pray tell, what is your company's name?

[@bpb5541]

I live in SoCal ... i have lots of fast food restaurants to pick from. I mostly go to In n Out. But everything has gotten so crazy that is like once a month.

[@kingscairn]

No - The govt spending and creating vast amounts of money devaluing the dollar - INFLATION

[@ZeCroiSSanT950]

I get In N Out every time I go to Cali. Price point for the quality of food you get is worth it IMO.

[@bpb5541]

@@kingscairn you are talking about the dollar dying. I hear you. It actually started during the GFC. That is when America sold it soul and stole from the next 4 generations. Horrible !!!

[@j.f.7576]

In-N-Out Burger is still killing it!!

[@jkmarshall3553]

Whataburger is still way better!

[@SamuelClemente7718]

@@jkmarshall3553 Stick to the topic

[@blackworldtraveler3711]

Killing it with seed oils,excessive carb, and high sodium

[@j.f.7576]

@@blackworldtraveler3711 protein style! And no fries.

[@DIVISIONINCISION]

I actually went to In-N-Out once, saw how small the burgers were (sliders) and left. I even had a coupon for a free meal and gave it to someone else! 🤣

[@tizzx4945]

Even Fast food isn't good for our health but chains like McDonald's used to be a good opurtunity for young people to earn some extra money!

[@KaineTremaine]

Half the staff are adults.. Everyone a slave while the "share holders" get free checks for all eternity

[@johnjaco5544]

For most young people it's not extra money It's their whole income

[@blackworldtraveler3711]

@@johnjaco5544 I was in high school so it all when to savings and investments.

[@AudaciousBean]

Now McDonald's hires snitches

[@onastick2411]

Fast food is harmless.

[@toddsmith1687]

If you cant afford to pay your employees a salary that they can live on with out subsidized govt. Benefits. Then you cant afford to be in business good riddance.

[@ralphcantrell3214]

My biggest problem with fast food is that it is no longer fast. That and those stupid order kiosks.

[@orbusg8451]

Let's be real, with the prices fast food places are charging, they can absolutely afford to pay $20 an hour. But that would cut into CEO and shareholder profit margins, and we can't have that!

[@makesumwake]

I suspect haven't actually done the math, you are just saying things that sound good. McDonald's has 1.7 million franchise employees. If the top executives worked for free and gave their salaries to the employees, each employee would only make an extra $10/month. When a company is that large with that many employees, the decisions of the managers are super critical and thus the companies compete to hire the best management teams. The pay gets bid up as each company competes for the best managers. Its the same reason that pro athletes get paid millions/yr.

[@jsd354]

Yeah that’s smart. We will just make investors (shareholders) buy into companies to break even or loose money. Investors need to start companies in order to provide employees with a job at an hourly income insufficient to return a profit. As for those greedy CEO’s they need to be removed and replaced with the guy at the counter at Burger Biggie who is incapable of counting back the correct change from your $20 bill.

[@youngbutternut5536]

Fast food prices are insanely high precisely because they are forced to pay $20/hr wages. Those "evil" republicans have been warning about this for decades.

[@the_oc_brewpub_sound_guy3071]

I dunno, ive managed different restaurants and seen P&L from top to bottom. No restaurant makes very much money, 5% profit is amazing for a restaurant.

[@GirlNextDoor1103]

I’m with you on this. Still surprises me we have people who defend huge company CEO’s. In the 1970’s, payroll was approximately 60% of a business’ profit. Today it is approximately 7%. And we’ve got people out there crying that’s too much😂.

[@LuzivalKrinke]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@LuzivalKrinke]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@CelicoBlank]

Wow that's huge, how do you make that much monthly?

[@CelicoBlank]

I'm 37 and have been looking for ways to be successful, please how??

[@LuzivalKrinke]

It's Ms. Evelyn Vera doing, she's changed my life.

[@LuzivalKrinke]

I started pretty low, though, $5000 thereabouts. The return came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Evelyn Vera you're a miracle.

[@JamesKerr-z4o]

Where do you think these people on $5 dollars an hour live, I’m guessing tents or with a parent or partner. If you can’t afford to pay for your staff to live then your business is not viable

[@Omega-s6s]

Whats wrong with that? As a 16 year old working minimum wage, living with my parents, getting into bitcoin.. almost made me a billionaire...this was early 2000s

[@JamesKerr-z4o]

@ yeah billionaires watch KZbin videos for fun? If I had $500,000,000 I’d be dancing on my party boat, glad you are here with us mortals.

[@TheUtuber999]

@JamesKerr-z4o Bingo.

[@gauloise6442]

A lot of them are on public assistance because they make so little. Our taxes are paying for them while the CEOs make out like bandits

[@scottwall3914]

What is a livable wage, and who determines the amount? So as a potential employee you go to every prospective business and demand whatever amount you consider "livable" even though you you may cost the business more than what you produce for it. Where do you think the money comes from to pay the employees?

[@nole8923]

Back in the late 1960s and early 70s taking your family to McDonalds wasn’t considered cheap and it was considered a special treat. Why? Because back then McDonalds wasn’t considered that cheap and they paid their workers a living wage. If your business model doesn’t allow you to pay your workers a living wage then the problem isn’t the government, it’s your flawed business model.

[@gunkulator1]

It's worse than flawed, it's profits subsidized by taxpayers. Every dollar workers have to get in welfare because they are paid so poorly should be assessed as a tax against corporate profits. No more subsidizing the rich with taxpayer funds.

[@racerx2580]

It's really quite simple. Do the math for non guaranteed 40hrs x $20/hr and subtract $150 from that for taxes. Then use a base rent cost of $1200. IF you can find something in decent condition AND in a decent area. With modest bill costs you may have about $250 left for the month for other necessities or misc things. $20 A FREAKING HOUR!!!!!!!!!!!!!!

[@ranchdressin-d3b]

Dont forget apartments want you to make 2-3x the rent. They wont even consider you if you dont make 2x the rent. Maybe if you have a cosigner or a huge amount to put down as a deposit, but if you want a normal apartment at 1200 they need you to make 2400 at least.

[@randysaber5220]

It's a catch 22 situation here...if you don't pay the 20 dollar minimum wage for fast food worker's...your not going to have any worker's...the cost of living in California is absurd..and if you expect someone to survive on the 16.50 an hour to live and pay their bills is plain insanity

[@55Reever]

We will never know the number of people that didn't get hired.

[@americanbeauty4015]

I'm sure there's no difference there at all. They still need shifts covered to keep the business fast food

[@hvaball150]

Zero. Now you know.

[@gunkulator1]

It's the opposite. When low and middle income people get more money, they go out and spend it instead of hording it like the rich do. This extra economic activity spurs hiring.

[@tw5139]

The pay of the handful of workers that a fast food restaurant employs isn't gonna make or break the operation. In N Out pays excellent wages and benefits and always has. What's different between In N Out and every other burger joint? The amount of overall profit that flows to the top, to satisfy hedge funds, mutual funds, private equity that has their dirty fingers in businesses like these. In N Out is family owned.

[@MegaRose1958]

If the cost of living wasn't so high, you wouldn't have to pay $20 or more an hr. Alot of companies can afford to pay this and more. They just don't want too.

[@sandbar3000]

Right!!!

[@tylrjsph]

Disney set records for PROFITS all the time and still cant pay a livable wage

[@jackmcgurnrecords310]

True that!👍

[@vanji611]

Bro, the cost of living is caused by increases in minimum wage.

[@americanbeauty4015]

@@vanji611 that's why housing costs more, really? That's inaccurate.

[@nickwilkinson7728]

When a crappy fast food meal costs nearly $20 , $20 an hour doesn't seem like a lot. Js..

[@JDmix123]

Please read up on economics 101 score you post something you clearly no nothing about.

[@the_oc_brewpub_sound_guy3071]

My first job I was making 7 bucks an hour when a combo meal at McDonalds was 5.

[@bibby3027]

@@JDmix123economics 101: if you can’t afford to pay your employees, your business is trash and needs to close.

[@avrgegmer1396]

@@JDmix123Economics has nothing to do with inflation and wages stagnating while companies gauge you for everything, please tell me more how everything can rise 20-60% but my wage hasn’t, tell me how elderly people see their pension stagnate but every bill going their way is rising every year, tell me how $20 at McDonald’s caused that.

[@4flatgarage-bf4sg]

Starbuck's tried to charge me $4.82 for instant decaf medium cup. I got money back. Went to the golden arches. They have any drink any size $1.29. Got a large decaf coffee $1.29. It was great.

[@labfixit]

I do remember the coffee at McDonald's being very good.

[@brianmatthews4149]

I need leaded coffee, otherwise it's just flavored water, but for years in taste test Micky ds beat out Starbucks.

[@vicp99]

The only fast food we do is Culver’s. It’s good for FF and the people who work there are very nice. And plenty of choices. I hope it doesn’t go downhill like the others.

[@TreeofLife-r3d]

I worked part time when minimum wage at Pizza 🍕 Hut happened. I was hired at $16/hour I was let go at $20/hour 1200 drivers instantly lost their job For $20/hr 😂 they literally expected me to take the phone call orders, enter it in the system, prep the next days dough, make the pizza, cut the pizza, package the pizza, drop the fries, sort the chicken nuggets into 2, 4, 8 bags, clean the dishes....😂 in my literally 2 hour shift. As a person with a masters degree...you're asking way too much for $40 😂 a week.

[@Micray55]

Reminds me of when I briefly worked at Walmart for $7.20/hr.I had to work in like 6 departments AND cashier when needed.

[@SR_KSERIES]

Walmarts Distribution Centers 8.50/hr every(thing) was cheaper even house price was good times

[@wfyfwfyf]

@@TreeofLife-r3d good, they deserve to go out of business if they can’t make enough profits to pay their payroll. (But they do make enough profits)

[@gunkulator1]

Post Hoc fallacy. Pizza Hut got rid of delivery because the market provided another way for folks to get it.

[@arcticwolf8150]

Pizza Hut used to be the shit 20 years ago but they changed the recipe and it tastes worse now and they are mostly gone now

[@nobelwarprize]

The minimum wage should be 15 dollars! It’s been 7.25 since 2009. Meanwhile cost of living and inflation has soared since 2009.

[@jkmarshall3553]

I had to finance my Whopper w/ Cheese Meal Deal last Tuesday!

[@greendesertgoddess]

🤣

[@frankvanfossan]

Yellen stated she was sorry for the way the federal deficit has went up under her multiple watches......15 TRILLION gets a "I'M SORRY"!!!

[@CLWEric]

I live in Cali. Government here believes money grows on trees.

[@johnjaco5544]

It does,it's call weed.

[@DIVISIONINCISION]

Not for long. Millionaires are leaving in droves for Texas/Florida and taking their taxable income with them. California pays too much in to entitlements. Money moves to where it's respected!

[@bpb5541]

The Federal Govt is spending 8 billion a day. That is with a B not an M. We put another trillion on the debt every 100 days. The USA is insolvent folks just haven't figured it out yet. And FL and TX are have a housing market crisis (not in all areas) ... I wouldn't move there if you paid me too. ❤

[@brianmatthews4149]

Houston Texas looseing a big company, they are moving to Costa Mesa ca.guess who.

[@jasonfuller1001]

@@DIVISIONINCISION You know, I keep hearing this crap. Someone is buying their houses, because I can assure you there is not loads of empty mansions here in California.

[@phil0930]

Not a $20 an hour wage employee problem, its a CEO problem. In 2023, Chris Kempczinski, the CEO and chairman of McDonald's, made $19.2 million in total compensation. This was an 8% increase from 2022.

[@thetreekeeper143]

I think McDonald's can afford $20 an hour for its workers. But it's the small family restaurants that can't afford it.

[@Impozalla]

McDonald's and the other fast food chains in California were losing money even before the $20 an hour min wage was instituted. In fact they were losing money when the minimum wage was $7.75 an hour in California a while back.

[@Peterpiperofthes]

If you think about it he could give a million people 19 dollars one time... Don't think he should make that much but his salary is not so much that it's taking away from employees

[@kimleone5496]

And huge franchise fees and the franchises have to pay the high prices of corporate providers

[@Rayjack-m9o]

Pack yourself a Bologna or p.b.and jelly sandwich , Save Invest and retire in comfort.

[@happylistener4628]

Sound advice. Thank you. 🙏 I appreciate you. Today our family of retirees is gratefully blessed, thriving and enjoying a well earned comfortable retirement. 😊 God is providing. Praise Jesus!.

[@thomasbruner854]

A PBJ lunch and bowl of cereal breakfast will be worth millions in 40 years!

[@JW-mb6tq]

How dare you save when others can’t! We will tax that wealth!

[@morningsalute03]

20 an hr for fast food worker? I was working as an EMT in 2018 making 13 an hr in Los Angeles county. Crazy how times have changed.

[@--Morpheus--]

13/hr in LA? Do you work like 120 hrs a week or something?

[@peteybrian]

@@morningsalute03 They fleece new EMT’s...

[@morningsalute03]

@@--Morpheus-- 48/72 hour weeks working 24 hour shifts. The 24 hour rate was 10.50 an hour. OT accrued after 40 hours in the week. We had a station that we rarley saw. Fun job just impossible to make it.

[@gauloise6442]

Well, they didn't raise the minimum wage at all for decades. People shouldn't have to be on food stamps while working a full time job. Maybe these businesses don't have successful models and should fail, if they can't pay their workers a decent wage.

[@katydid2877]

People shouldn’t be working a full time job, as an adult, and only be qualified for minimum wage.

[@Casual_Talk]

That's why people should get a career or work the trades.

[@brianmatthews4149]

Remember there's a lot of us that didn't get raises, so now we can't afford there high prices, it's a 2 way street.

[@ranchdressin-d3b]

@@katydid2877 They shouldnt be, yet they are, and not usually by choice. I live in texas, i have an extensive resume. Im in my mid 20s, on my resume i have 2 years of store management at a bakery/deli which offered wholesale/retail. I spent about another year as a department supervisor at another job. And i have been working in retail either for a company or my families business since i was 12. I have easily 11-12 years of experience. I also recently just got nationally certified as a phlebotomist and im trying to break into the medical industry. Do you wanna know how many management jobs or phlebotomy jobs ive applied at that according to their hiring criteria im qualified for? damn near 100 jobs. Wanna know how many paid more than 16 an hour? Zero. Wanna know how many hired me? Zero.

[@gunkulator1]

@@katydid2877 Who do you think works in restaurants when school is in session? It ain't kids.

[@AshleysBallistics]

Working at fast food was NEVER supposed to be a career. Nobody wants to drop $40 for 2 people everytime you go to McDonald's... 🙁

[@JoeFindsTreasures]

Use the app and get 20% off 🤷🏻‍♂️

[@jackwilbur9419]

@@JoeFindsTreasuresstill too expensive for fast food

[@stevenrose2114]

I agree but what he wrong about is not every fast food place is paying 20 hour. Even in texas most places is paying less then 10 bucks and is still losing business. Prices went up and quality of food plus service not good anymore

[@larryg2705]

Let's not skip over the fact that 50 years ago, you COULD make a living off of a minimum wage job. Hell, you could support your family just pumping gas. To put the blame on minimum wage workers is as heartless as it is misguided. Income disparity is the real problem.

[@crystalcleary]

So, who's making breakfast and lunch while the kids are in school? Dogs?

[@tobyg9879]

They could make R V parks for People who can be housed and live in R V's, if able to attain a R V. Instead They steal the money. BILLIONS.

[@tmoshamo]

What is sad is that at 20 dollars an hour working 40 hours a week and you cant afford a 1 bedroom apartment.

[@hvaball150]

One bedroom is not for them. They don't make enough. They need assistance in the form of roommates to share the cost.

[@bibby3027]

@@hvaball150 yeah that’s the problem. America, the country where you can come work 40 hours and still not afford to live on your own. What a dream

[@lhome8680]

Greedy companies could take better care of employees if they cared about people over proffits

[@ripvanrevs]

People are free to NOT work for those GREEDY companies. This is still a pretty much free country.

[@--Morpheus--]

​@@ripvanrevslol, where are those jobs at?

[@lhome8680]

@ they are, but companies can do better. The idea that we lack moral fiber and screw people for money is sad.

[@recyclingrevolution4905]

@@ripvanrevsif you recently looked for a job, the truth is that nobody is hiring except fast food.

[@ronnierebel6388]

@@ripvanrevslol free country yea at a cost

[@jessemedina4482]

I don’t agree that the market has done well with determining appropriate pay over the decades. My dad was sole provider with a wife, 5 kids, dogs, cats, birds, car payment, large home, etc. as a mail carrier with no education past high school back in the 90’s. Tell me that same job pays enough to cover all of that with money to spare in 2024. I’m a divorced college educated veteran technician with two kids, two cats, a tiny outdated apartment and still living paycheck to paycheck with no retirement plan in motion at 39 years old.

[@bibby3027]

If the market could determine appropriate pay then minimum wage, communism, unions, and a bunch of other things would not exist.

[@sargepent9815]

If they changed the law so that you couldn't use EBT at fast food joints, the job loss due to income loss would be MUCH higher.

[@gunkulator1]

Sounds like you want more gov't regulation. So what exactly constitutes a "fast food joint"?

[@BillySBC]

So increasing salaries in a state where it's crazy expensive to live, is a bad idea? But then at the same time we want to complain about homelessness? What the hell do you think is causing the homelessness?

[@JW-mb6tq]

I know…let’s raise the taxes more and also make the minimum wage $25. Next the government can just run the restaurants knock out those evil middle men. People need to eat!

[@BillySBC]

@@JW-mb6tq The minimum wage should at least reflect what the minimum wage was in 1970 adjusted for inflation to 2025 dollars. The prices of things have escalated obscenely yet we don't want to pay people more, then we complain when they wind up homeless. What's your solution.

[@JW-mb6tq]

@@BillySBC set caps on rent next.

[@piergraham4181]

So let's not pay the workers a livable wage, yet the Execs collect millions on the backs of their workforce. Great business model.

[@americanbeauty4015]

Just as bad as the health insurance biz

[@kimleone5496]

Not all of these stores are corporate stores; they're franchises

[@phaedrus2633]

I've been in CA for 8 1/2 years now. You CANNOT rip it enough. The state bird must be the cuckoo.

[@DIVISIONINCISION]

They why are you there? I hear so many Californians complain about the sinking ship, but they don't seem to be in a hurry to leave. I grew up in Fair Oaks. I left in 1987 and never gave thought to moving back!

[@MrBubbagump58]

@@DIVISIONINCISION We came here to support some family members from overseas. They're gone now, earlier this year. We took a road trip out east to find somewhere else to live. Been looking hard at mid-Georgia. It'll happen soon. I wouldn't say we're in a hurry to leave, but our departure is inevitable. I want to get out before our next property tax payment, and before gasoline cost 0.65 more a gallon. Question answered? I'd heard about how bad the traffic is over here, but no one ever mentions about how trashy it is. Trash all over the place along roads, interstates and city streets. It is a gross place to live.

[@DIVISIONINCISION]

@@MrBubbagump58 Georgia is rural and humid. I would never live in the Southeast, but to each their own.

[@MrBubbagump58]

@@DIVISIONINCISION Oh, I see where Fair Oaks is. The eastern side of Sacramento. My wife's cousin lives in Carmichael. That isn't too bad of a place. I'm in Fairfield, the extreme west side. There are places in CA that aren't as trashy, but compared to CA, the east looks like a well-maintained park.

[@gertrudewest4535]

Lousy over priced food and horrible work environment….what could go wrong? If fast food disappeared we’d all be better off.

[@lindagbukvic9441]

I guess I don't get out much. Today in Ohio, I bought a small Fry and a small Frosty and it was $5.08. I was shocked!!

[@monicaspector2388]

It is obscene. Just keep your money. And be healthier for it. Fellow Ohioan here.😉👍

[@DIVISIONINCISION]

I haven't eaten McDonald's in decades and have no urge to go back. I have eaten at Whataburger recently, because I had coupons. Whataburger is expensive, so I can only justify eating there if I have a coupon. I rarely splurge or eat out at all, so this is a compromise.

[@gauloise6442]

How many comments are you going to make about Whataburger. How much are they paying you per comment?

[@hvaball150]

Then none of this bothers you if you don't use them.

[@HenryCarrillo-p6x]

We are looking at this data wrong, not realizing that the industry was taking advantage of workers low wages and maintaining higher profits for owners corporations. Technology was already taking these low paying jobs anyway and forcing to be efficient. However, individuals can now earn enough to maintain a living wage. Structurally changing the fast food industry and forcing it to change. I can still remember when owners work side by side with its employees and put full to make their grow.

[@StuggleIsSurreal]

Being a true Cali elite requires a lot of money from taxpayers. Funny how that works.

[@daviddaugherty1011]

The main reason states raise minimum wages is due to the tax payers subsidizing these businesses. When these multi-billion dollar companies pay subpoverty wages the employees are forced onto public assistance to survive. If a business that makes billions in profits and pays executives hundreds of millions refuses to pay workers a living wage, I say let them adjust their business model or let them go under.

[@gunkulator1]

Every dollar of welfare a worker has to get should be assessed as a tax against the business that refuses to pay them a livable wage. No more taxpayer subsidized profits.

[@wfyfwfyf]

Looks like your comment section is smart enough to know corporate profits are at a record level and they can afford to pay $20 an hour if they take it out of their profits.

[@bibby3027]

And if they really can’t afford it then they shouldn’t be in business because $20 is nothing in california

[@wfyfwfyf]

@ exacto

[@TravelTechie415]

It's a U.S. manufactured crisis grift, the same fast food costs 2x-4x cheaper abroad with number of franchises growing, seen it myself

[@avrgegmer1396]

Crazy part is anything below 100k in Ca is poverty, $20 is not even livable in a state where teachers can’t even afford to live in the same area as their students at times.

[@GirtonOramsay]

I go to a CA McDonald's frequently for my lunch and NOTHING has changed since the new min wage. They have hired new employees too and just advertise "starting at 20/hr" in their job postings on the window

[@juliemoore6957]

And, in CA, they're now replacing fast food workers with kiosks...computers to put our orders in. I hate it.

[@dj-ii3ep]

Stop giving them your business eat at home its cheaper

[@NomadChristian]

They’re doing that in all states and long before the minimum wage was increased

[@americanbeauty4015]

NC, too. Encountered one of those kiosks at a McDonald's

[@Weathernerd27]

The wage isn't the problem, back in the 1960's and 1970's minimum wage was $22 per hour in todays dollars and we had a bigger middle class and the economy was stronger by almost every measure. The problem is excessive management pay and prices having gone up to fast to the point where people are saying I don't want to pay the cost of several grocery meals for 1 mediocre meal. The small mom and pop fast food places might need alittle government help but most fast food places could afford to pay workers $20 per hour if they only paid their CEO 50 times the average workers wage, didn't buy back a huge amount of their own stock and dropped prices alittle.

[@JohnQPublic345]

on the 80s, I made $2.20/ hr at McDonald's

[@rkw2917]

@@JohnQPublic345 i was working at Dairy Queen just before you, making about 2 bucks Wonderful time of my life

[@jasonfuller1001]

Yeah, and gas was $.75 a gallon. What's your point?

[@TravelTechie415]

that was around $14 hr / today's money

[@TheUtuber999]

Michael, how do you know that the $20-an-hour fast food worker wage is causing job losses in that sector rather than it being used as a pretext for retaliation by corporate overlords?

[@JoseDiaz-pl5kk]

I mean most restaurants already had well over 100% turnover rates, not like they need a new reason

[@juderobert1062]

Just make it $1,000.00/hr for everyone!

[@justinallport9789]

And the cost of a home 5 million ?

[@--Morpheus--]

​@@justinallport9789thats actually a lot more feasible with 1000/hr

[@healthyone100]

the system will NEVER change because politics is a great gig and they got it made!

[@ferrari250lm]

It's all for the 1%.

[@kennysponto6568]

No such thing as 10 or 15 minutes to anyplace in LA More like 45 minutes to 90 minutes

[@glennet9613]

Is it the couple of dollars extra for the kid on the counter or the incredibly number of layers of management between him and the twenty million a year CEO?

[@Larkinchance]

Coming soon to your town... All Robotic McDonalds, (No Employees!) $20 an hour on 40 hours is about $550 take home, That is $1,500 to $2,200 per month. Just try to find an apartment for less that %1,500 month per. Then child care, auto costs and insurance food and forget about health insurance... Also everyone in McDonalds is on part-time. to avoid benefits, they are lucky tp get 30 hours a week.

[@08turboSS]

Theres lots of apts under 1000/mo, what you smok'n.

[@recyclingrevolution4905]

@@08turboSSwhere? Not where they pay $20 per hour in MCDonalds.

[@Larkinchance]

@@08turboSS where? what state?

[@HenryCannon-kz1rs]

This world is a complete joke.

[@davida730]

@@08turboSS Maybe in the backcountry of Mississippi. Any city paying a decent wage you won't find anything close to that cheap.

[@CAVEMAN93able]

$60.00 to feed my family a delivered dinner? LOLOLOLOLLOLOLOL!

[@michaellalanae7228]

How crappy ff thought a $80.00 lunch was going to work. Can't wait to see the whole thing collapse.

[@Ch1n4Sailor]

I don’t buy that… Sure if you want to buy a home in DOWNTOWN DETROIT, YES You can find something for under $10000! But if you want to live in a neighborhood where you’re NOT going to get CARJACKED at gunpoint, those HOMES are still over $350k and still going up!!!! Matter of fact, I’ve been looking for a decent parcel of land, not in GANG territory, and you’ll be hard pressed to find something for even $30k that isn’t in Detroit, on flood plain, or zoned only for commercial business… Unless you want to drive 3 hours out into the country… And EVERYTHING KEEPS going up…. So I have NO IDEA about these home prices coming down that you speak of… Have seen the complete OPPOSITE!

[@peterhumphrys]

Real estate is always local I an seeing multiple price drops in the Kawartha lakes Ontario area but elsewhere maybe not so much in southern Ontario. Can't say for USA only lived in Texas two decades ago

[@deborahheckstall1881]

The purpose people use to go to fast food restaurants was during lunch hours so they can get a quick bite to eat. When you close businesses down you lose customers and the taxes that help the communities.

[@CarnivoreStork]

75% of the workers are sullen, high food prices to pay them, dirty franchises, with management asleep.

[@adamsworld100]

Very good analysis. I concur with everything you have said. You are a very wise and well spoken young man.

[@Austongold]

I use to have soup and salad at Olive Garden, tonight I just got one bowl of soup 🍲, no refills... It was more about just getting out... The barman was nice about it, I was surprised since I had water. It was easier to leave a 25% tip 🌿 Hang in there folks 🙏

[@Jeannified]

Preach, Michael! I love these videos where you talk about other subjects, too! 🙂

[@motoroil8853]

All those restaurants can afford the $20 an hour. It's all BS. McDonald's only has one cashier now. Maybe if they would reduce franchise fees it would help the proprietor out operating their store.

[@kimleone5496]

Agreed their franchise fees are ridiculous

[@DogWithHangover]

Damn, that's even crazy for California. I do not regret leaving that state.

[@TheOriginalHuckleberry]

Wages don't matter when there is rent. Wages up, rent up. Property tax is also rent and the same scam.

[@grovelandgal1185]

Not only the high prices and poor quality of the food, so many ppl are sick and I don’t want it !

[@RealityStudioLLC888]

I looked into many of these claims in more detail since I find the same points keep getting parotted over and over again. Labor statistics actually show that food jobs increased after the minimum wage hike in California. The big problem with how it's being reported is it's not being seasonally adjusted. As for cases like Rubio's, turns out they had crippling debt long before the fast food wage hike and had already filed for bankruptcy, so they were already in deep trouble and basically done.

[@liveyourbestlife1878]

We rarely go out to eat. I refuse to pay the inflated prices. Five Guys for example is so grossly overpriced! They don’t even use real cheese 🤦🏼‍♀️

[@healthyone100]

i pay my health insurance every time i go my local supermarket produce section!

[@HealingSwordsman]

To say "They can work somewhere else" is a terrible argument because you could say it no matter whst the conditions are.

[@timr31908]

I just had a McRib.. just don't buy two of them.. they're not that good

[@ryanyoder7573]

First one is good tho isn't it

[@blackworldtraveler3711]

To me it looked like prepackage mystery meat processed and pressed to look like a rib with a mystery barbecue flavored sauce poured on a bun. I did like that big breakfast burrito in the early 2000s. But since i have cut back on salt all fast food taste too salty now. Had no idea there was so much salt in fast and processed food until I started cutting it from my diet.

[@twhitten828]

Being poor has Always been 'Illegal'.

[@KaineTremaine]

We all supposed to agree to send all the profits to the "stock holders: Free checks for life.. multi'generational!!! 🤣

[@orangemanbad]

Except in California where they’re given much!

[@peteybrian]

Where I live in the San Francisco Bay Area - fast food wages were already at or close to $20/hour anyways.

[@fredk9999]

Thank goodness for Florida and the nations’s best Governor

[@MegaRose1958]

Thank you for showing the beach! I love seeing the water you showed!😊😊😊

[@charleshart5563]

Dude 35 dollars an hour is just getting by and can buy food. I'm moving to a tent while I still can

[@ralphee7487]

Jack in the Box's sales in 2023 were $846.2 million, and the company's sales have been steadily increasing. I don't think $20/hr is hurting them.

[@brianmatthews4149]

Its showing in there food.very tasteless.

[@texasyankee20066]

They don't pay 20 bucks an hour.

[@mgtowlevel5293]

Not so legals flooding the labor market. Us electrician working for scraps now. Auto technician leaving. All trades. Doctor's getting replaced by bots. It's getting scary 😳

[@JMgmkh]

Robots for fast food. Good idea. Maybe they'll leave the onions off my burger.

[@Corkfish1]

And I don't want people touching my food