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News & Current Events Discuss Fast Food Restaurant Responds to Minimum Wage Hike at the General Forum; Minimum wage is raised by 14 percent. Restaurants raise their prices up to 14 percent. Wow, didn't see that one ...

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Old 07-12-2015, 04:33 PM
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Default Fast Food Restaurant Responds to Minimum Wage Hike

Minimum wage is raised by 14 percent. Restaurants raise their prices up to 14 percent.

Wow, didn't see that one coming!

Will these restaurants who jack up their prices do more or less business? That's a rhetorical Q.

When restaurants lose business, are they more or less likely to lay peeps off? That's another rhetorical Q.

Anyone not see where this is goin'?

Fast Food Restaurant Responds to Minimum Wage Hike | TheBlaze.com

As San Francisco is set to raise its minimum wage to $15 over the next few years, Chipotle raised the price of its food.

According to Investors Business Daily, Chipotle in San Francisco raised its prices as much as 14.4 percent as the Golden Gate City raised its minimum wage by 14 percent.

“We believe the outsized San Francisco price hike was likely because of increased minimum wages (which rose from $10.74 per hour to $12.25 on May 1) as well as scheduled minimum wage increases in future years,” Sharon Zackfia of the investment firm Williams Blair said in client note obtained by Investors Business Daily.

Restaurants in Denver, Chicago, Orlando and Minneapolis also saw an increase in prices, according to the William Blair review, but those increases averaged out to only 0.5 percent, largely in part to a rise in the price of beef. In San Francisco, prices of beef entrees were raised 14.4 percent, large sodas were raised 11.1 percent, chips were raised 10.3 percent and water was raised 10 percent.

San Francisco will raise its minimum wage to $13 in 2016 and then to $14 in 2017 and $15 in 2018.

Chris Arnold, a spokesman for Chipotle, confirmed to the Chicago Tribune that the San Francisco pricing hike was “done in part to offset higher labor costs.” Pricing at Chipotles nationwide vary due to the cost of doing business, he said.

“California, and San Francisco in particular, has a high cost of doing business,” Arnold said. “In San Francisco, for example, our occupancy costs are about double the Chipotle average as a percentage of sales, and our menu prices there are right around the average for Chipotle restaurants around the country, so increases to wages can have a greater impact than they might elsewhere.”

According to Eater, while officials in Los Angeles and Seattle have also approved a minimum wage hike to $15 per hour, it is unclear whether or not Chipotle will raise prices in those communities as well.

Chipotle recently made its debut on the American Customer Satisfaction Index, coming in second place right behind Chick-fil-a.
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Old 07-12-2015, 05:56 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

States can certainly regulate their own minimum wage if they want to.
SF's minimum was 10 something till May when it only went up to 12+.

To be 14 by 2017 is not a huge leap imho.

The federal minimum wage is still $7.25 per hour.
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Old 07-12-2015, 06:16 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

I don't understand how restaurants can raise their prices to make up for the pay raise. Something is afoot here.



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Old 07-12-2015, 07:30 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

Looks like Hairy has gone from FOX to the Blaze for his hyped stories. Let me show you something Hairy. Please try to pay attention

This is the price of a Big Mac in all the different countries

• Big Mac index 2015 | Statistic

The price of a Big Mac in Australia is $4.32 In the U.S. it's $4.79. So it's cheaper in Australia right?

Next lesson

Australian minimum wage is $15.96 per hour. After taxes their take home pay is $9.54. And their taxes include Medicare health insurance for all.

This country has the best minimum wage in the world - May. 14, 2015

Next Lesson

Macca's as it's known in Australia uses U.S. beef.

Next lesson

McDonalds in Australia are 80% franchised stores.

https://mcdonalds.com.au/franchise-opportunities


So, They use U.S. products shipped from here. They pay more than US minimum wage. Their taxes are higher and they have full coverage health insurance. AND the buger is cheaper.

Sort of blows up your BS doesn't it?

Your real question should be "What the fu*k are we doing wrong?"

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Old 07-12-2015, 08:02 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

Mikeyy, maybe some people give a camel's fart about what Australian hamburgers cost, but I don't.
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Old 07-12-2015, 08:04 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

Quote:
Originally Posted by Manitou View Post
Mikeyy, maybe some people give a camel's fart about what Australian hamburgers cost, but I don't.
That isn't the point
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Old 07-12-2015, 08:14 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

Quote:
Originally Posted by Mikeyy View Post
Looks like Hairy has gone from FOX to the Blaze for his hyped stories. Let me show you something Hairy. Please try to pay attention

This is the price of a Big Mac in all the different countries

• Big Mac index 2015 | Statistic

The price of a Big Mac in Australia is $4.32 In the U.S. it's $4.79. So it's cheaper in Australia right?

Next lesson

Australian minimum wage is $15.96 per hour. After taxes their take home pay is $9.54. And their taxes include Medicare health insurance for all.

This country has the best minimum wage in the world - May. 14, 2015

Next Lesson

Macca's as it's known in Australia uses U.S. beef.

Next lesson

McDonalds in Australia are 80% franchised stores.

https://mcdonalds.com.au/franchise-opportunities


So, They use U.S. products shipped from here. They pay more than US minimum wage. Their taxes are higher and they have full coverage health insurance. AND the buger is cheaper.

Sort of blows up your BS doesn't it?

Your real question should be "What the fu*k are we doing wrong?"

Are you sure about that? According to the MD's site, McDonalds is importing beef from Australia because US sources cannot provide enough to meet their needs.

They also mention that Aussie beef is cheaper.
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Old 07-12-2015, 08:27 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

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Originally Posted by jimbo View Post
Are you sure about that? According to the MD's site, McDonalds is importing beef from Australia because US sources cannot provide enough to meet their needs.

They also mention that Aussie beef is cheaper.
I have been to Australia and have seen the US beef signs. But even if I am wrong lets consider what you said. The price of beef is higher in Australia. Farm workers there make more money. Can you answer the rest? Why can they make a profit if they are paying much more in wages and taxes than us and still selling a big mac cheaper?
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Old 07-12-2015, 08:45 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

Quote:
Originally Posted by Manitou View Post
Mikeyy, maybe some people give a camel's fart about what Australian hamburgers cost, but I don't.
I'm hoping he tells me how much Aussie hookers go for these days.
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Old 07-12-2015, 08:56 PM
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Default Re: Fast Food Restaurant Responds to Minimum Wage Hike

Quote:
Originally Posted by Mikeyy View Post
I have been to Australia and have seen the US beef signs. But even if I am wrong lets consider what you said. The price of beef is higher in Australia. Farm workers there make more money. Can you answer the rest? Why can they make a profit if they are paying much more in wages and taxes than us and still selling a big mac cheaper?
I am not interested in getting into a pissing match, but according to McDonalds Australia, they use 100% Australian beef.

https://mcdonalds.com.au/maccas-food/whats-in-it

Their Q and A on the US site states that the imported beef costs less to the tune of approximately 10%.

Mikeyy, there can be any number of reasons why prices vary by country on a similar product. Plant and equipment cost, government restrictions, taxes, etc.

I'm not interested enough in MickyD's in Australia to research the matter. Just trying to set the record straight.
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