It's the number one topic on the news and everywhere you look. Fast food workers want to be paid $15.00 per hour. That would provide them with an income of just over $30,000 per year. This would raise many out of the poverty income line. It would also mean that many would not need government assistance to survive or second jobs.
The main argument of the fast food industry is that they can't afford it. These restaurants are generating millions of dollars in net sales. The corporation that own or franchise these restaurants out complain that the increase in the minimum wage would adversely affect their bottom line. Is this true? They speak of cost such as, franchise fees, food and maintenance. These fees are legitimate but the most important fee is the workers. Without the worker, you could not run the restaurant and therefore would not have a business. Why should the one to suffer most be the worker when they are the most important cog in the wheel?
The corporations and the owners complain of the hardship it would cost to pay a minimum wage of $15.00 per hour. They complain of having to reduce their payroll and having to close stores. They complain about losing money and not being able to make enough to cover their payroll. They complain about a lot of things. They say it will end their business if this happens. The question is: WILL A MULTI-MILLION DOLLAR BUSINESS CLOSE DOWN BECAUSE OF AN INCREASE OF $7 - $8 DOLLARS IS MADE TO THE PAYROLL. The answer is a resounding NO. They will continue to operate and pass on the cost to their customers. They will absorb little to no cost of the increase. That is how business is done and they are no different.
The main argument of the fast food industry is that they can't afford it. These restaurants are generating millions of dollars in net sales. The corporation that own or franchise these restaurants out complain that the increase in the minimum wage would adversely affect their bottom line. Is this true? They speak of cost such as, franchise fees, food and maintenance. These fees are legitimate but the most important fee is the workers. Without the worker, you could not run the restaurant and therefore would not have a business. Why should the one to suffer most be the worker when they are the most important cog in the wheel?
The corporations and the owners complain of the hardship it would cost to pay a minimum wage of $15.00 per hour. They complain of having to reduce their payroll and having to close stores. They complain about losing money and not being able to make enough to cover their payroll. They complain about a lot of things. They say it will end their business if this happens. The question is: WILL A MULTI-MILLION DOLLAR BUSINESS CLOSE DOWN BECAUSE OF AN INCREASE OF $7 - $8 DOLLARS IS MADE TO THE PAYROLL. The answer is a resounding NO. They will continue to operate and pass on the cost to their customers. They will absorb little to no cost of the increase. That is how business is done and they are no different.
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