By: The Voice of Reason |
“Hands up, don’t shoot!” No, wait, wrong fictional narrative. What about, “What do we want? Pigs in a blanket, fry ’em like bacon?” No, wait, that’s not the right fictional narrative either. Ah yes, now I remember… direct from the liberal rag Huffington Post, “How am I supposed to Earn a Living on the Minimum Wage?” Are you kidding? Earth to liberals, come in… do you copy? Hello? Earth to Liberals?
Leave it to liberals, or to the Democrat Party in general, to never let the facts get in the way of a perfectly good fictional tale they are trying to sell you in order to perpetuate some type of race or class warfare. They have no shame, and they will say whatever they have to say in order to gin up enough animosity to get votes on election day. Because the argument for why raising the minimum wage to $15 is so asinine, and because the primary reason against it is so elementary, it hardly deserves more than casual mention here before teeing off on the fools advancing yet another phony narrative. In the video below I go into more detail and site several EXTREMELY important statistics never mentioned by the bleeding heart liberals who push for these insane policies.
The concept behind why raising the minimum wage actually cuts jobs is not rocket science to anyone other that a liberal. The following comes from the Employment Policies Institute, an organization I’m sure is spending your tax dollars as effectively as possible undoubtedly.
“When labor costs go up, business owners can do one of three things: Raise prices, cut costs or shrink their profit margins. Given the consumer’s insatiable demand for ever-lower prices, and the fact that most minimum wage employers operate with a profit margin of two to five percent, the only realistic option is to cut costs. One of the key ways to cut costs is to introduce automation or self-service.”
Fast-food industry veterans are coming out against raising the minimum wage.
“It’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries,” former McDonald’s USA CEO Ed Rensi said in an interview on Tuesday on the Fox Business Network’s “Mornings with Maria.” “It’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe.”
According to Rensi, rising labor costs are forcing chains to cut entry-level jobs and replace workers with machines. Currently, Wendy’s, McDonald’s, and Panera are rolling out kiosks across the US, in part because of the rising cost of labor.
This isn’t the first time Rensi, who served as McDonald’s USA’s president and chief executive from 1991 to 1997, has spoken out against increasing the minimum wage.
“I can assure you that a $15 minimum wage won’t spell the end of the brand,” Rensi wrote of McDonald’s in Forbes in April. “However it will mean wiping out thousands of entry-level opportunities for people without many other options.”
Rensi isn’t alone in this belief.
“With government driving up the cost of labor, it’s driving down the number of jobs,” Andy Puzder, CEO of Carl’s Jr. and Hardee’s, told Business Insider. “You’re going to see automation not just in airports and grocery stores, but in restaurants.”
But there is some evidence that concern regarding rising wages may be overblown.
In the past year, McDonald’s investment in employee wages and benefits has already had a significant impact on customer service — one of the most problematic parts of McDonald’s business. According to CEO Steve Easterbrook, customer satisfaction scores were up 6% in the first quarter, compared to the same period last year.
Even if Rensi is convinced that increased pay could doom entry-level employees, it seems as though Easterbrook is seeing returns on McDonald’s investment in workers. Rising costs may convince some chains to invest in machines, but they’re also helping make business more efficient and improving the customer experience.
THE VOICE OF REASON is the pen name of Michael DePinto, a graduate of Capital University Law School, and an attorney in Florida. Having worked in the World Trade Center, along with other family and friends, Michael was baptized by fire into the world of politics on September 11, 2001. Michael’s political journey began with tuning in religiously to whatever the talking heads on television had to say, then Michael became a “Tea-Bagging” activist as his liberal friends on the Left would say, volunteering within the Jacksonville local Tea Party, and most recently Michael was sworn in as an attorney. Today, Michael is a major contributor to www.BeforeItsNews.com, he owns and operates www.thelastgreatstand.com, where Michael provides what is often very ‘colorful’ political commentary, ripe with sarcasm, no doubt the result of Michael’s frustration as he feels we are witnessing the end of the American Empire. The topics Michael most often weighs in on are: Martial Law, FEMA Camps, Jade Helm, Economic Issues, Government Corruption, and Government Conspiracy.