No offense bro, but I actually have a hard time deciphering this post. i'm not sure what youre asking or implyIng here
I understand this as well but the govt subsidies should be a fail safe rather than an invevibitiltt.
OK. Fine, but don't talk about MD's business plan as if they're not tight-wire businesses themselves. You can't just throw out terms and think you can make better decisions for the businesses themselves.
Which part have you shown to be false?
The vast majority of fast food workers are White. I think it's over 50% nation wide.My thing is we know employment will be affected(negatively) to some degree by a wage increase... and as black men that this affect on employment will disproportionately hurt our community.
So why are we supporting it?
Is there some delusion going on that those at the bottom of the labor force are not minorities?
... and when the(projected) cuts happen blacks will make up most of those let go.
But the restaurant business as a whole is a money pit if you don't know what you're doing. The point i'm trying to make is labor costs is one of many aspects you have to deal with. People trying to make it seem like it's the sole reason why a company will fold. Everybody aint build for it. McDonald's to company makes money by collecting that franchise fee every month. But this isn't about a McDonalds. This goes for every type of restaurant. If you in it for the sole purpose of making money you will fail regardless.
Link the CBO assesment and I'll hold your hand and walk u through it okay?Which part have you shown to be false?
The CBO assessment that there will be job loss, or that African Americans will be disproportionately affected by an uptick in unemployment?
Only 2% of the workforce makes the federal minimum wage, but about 25% of the private workforce(the free market) makes less than $10 an hour.
So evil capitalist are not out here paying the lowest wage possible as is often suggested/implied?
The report states that the share of low wage jobs would fall slightly... Which is what I have been advocating for. I keep saying that certain corporations are allowed to open franchises in places where they would not normally be profitable. Therefore there are excess jobs at mcdonalds etc. However this projection does not take into account the overall increase in employment at different wage levels. It does not say that over the extended period, overall job growth is effected by the wage increase. It does not forecast net unemployment. It simply relates the reality of a reorganization of low wage jobs. That does not mean there will be the type of wholesale job losses which you are indicating. In fact, according to CBO statistics, transfers to low wage individuals is the most productive economic activity.
