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Paying More For Fast Food,
Retail Jobs Will Boost U.S. Economy

Forbes, by John Wasik

Original Article

Posted By:NorthernDog, 9/2/2013 12:31:52 PM

As a former fast-food worker, I can attest to the crazy hours, poor working conditions and rotten pay. I boiled chicken — and repeatedly burned my forearms — in hot pressure cookers in high school for Colonel Sanders’s KFC (now owned by YUM Brands) until I could get a higher-paying job in a department store. The unionized retail clerk’s job wasn’t glamorous, either, but it was a big step up: I sold sporting goods, rang a register (calculating change in my head) and hand-drilled bowling balls. Although the pioneering retail chain (E.J. Korvette’s) at the time was dying a slow

Comments:
But everything would cost more. Duh.

      


Post Reply  

Reply 1 - Posted by: Blackeagle, 9/2/2013 12:39:05 PM     (No. 9502365)

Market forces could lift those wages if we would quit importing so many unskilled laborers. Which do the Dems want? Open borders or higher wages?

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Reply 2 - Posted by: montanabound, 9/2/2013 12:39:49 PM     (No. 9502367)

It´s pretty bad when a Forbes contributor doesn´t understand the law of unintended consequences.

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Reply 3 - Posted by: bamapreacher, 9/2/2013 12:40:55 PM     (No. 9502368)

If fast food chains are going to have to pay more they are going to want a higher quality of employee than the current crop, and so under-educated people who actually want to work will have a harder time finding jobs. Any new jobs created will be offset by the increasing number of people who will have to go on the welfare rolls.

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Reply 4 - Posted by: Ribicon, 9/2/2013 12:41:28 PM     (No. 9502370)

"We´re all burger flippers now." That, plus a corps of government workers to manage our every decision. Wonderful utopia brought to us by the one-party system.

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Reply 5 - Posted by: shalimar, 9/2/2013 12:43:54 PM     (No. 9502372)

FTA: Workers who have money to spend buy more consumer goods like appliances, cars and homes.

==============
But customers who have to pay higher prices for burgers and fries to support a $10 minimum wage will have less to spend on appliances, cars and homes.


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Reply 6 - Posted by: jacksin5, 9/2/2013 12:49:47 PM     (No. 9502378)

these fools always assume that when minimum wages go up, everyone elses wages will remain static.

Union wages, for one example, are tied to the minimum wage with automatic increases when it rises.

Market forces will not allow a "burger flipper" to be paid on par with an electrician or builder.

In short, raising the wages for unskilled workers starts an inflationary spiral until a new balance is found.

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Reply 7 - Posted by: HPmatt, 9/2/2013 12:54:36 PM     (No. 9502383)

I liked the irony of him pointing out the union job that paid a lot more than KFC when he was in college (assuming he was young w no experience) was with a company that has GONE BROKE. You can eat at home so much more cheaply than eating out - but you trade your prep time for the cheap price. Double the price of fast food and you will see FF demand drop - it w/b too expensive for the tradeoff.

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Reply 8 - Posted by: jalo1951, 9/2/2013 1:01:46 PM     (No. 9502392)

Sorry, but someone who cooks up a batch of fries is not worth $15.00 an hour. You are paid what the job is worth. obama/dems have destroyed the jobs market. If you want to get mad get mad at them. No one is owed this "phoney living wage". You start low and work your way up. The problem is there are no "up jobs" to work toward.

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Reply 9 - Posted by: killerbee, 9/2/2013 1:13:39 PM     (No. 9502405)

I never worked fast food. There are other jobs if you hate that one.

And BTW: there are a couple of fast food places in my town that I´ve gone to a few times over the years. I´ve many of the same people working at them for all that time. Can´t be that bad if they aren´t ready to move on yet. This guy is lame.

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Reply 10 - Posted by: Thos Weatherby, 9/2/2013 1:14:25 PM     (No. 9502406)

They want more money but still can´t get my order right. Paying more for fast food jobs will get me the same old incorrectly made hamburger for twice as much. Bridges for Sale!

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Reply 11 - Posted by: Persecutor2, 9/2/2013 1:22:36 PM     (No. 9502416)

Keynesian economics, citing a "progressive think tank" for support= don´t bother, it ain´t worth reading...

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Reply 12 - Posted by: Hobbiest, 9/2/2013 1:29:01 PM     (No. 9502425)

Automated burger flippers will be the order of the day. In some chains the machines now control every part of the deep frying process other than dropping the basket in the oil and pulling it out when the machine beeps. Full automation fill follow closely if the minimum wage is hiked.

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Reply 13 - Posted by: Phosphene, 9/2/2013 1:41:39 PM     (No. 9502440)

giving 17 year olds more money to buy dope and liquor won´t boost the economy

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Reply 14 - Posted by: luandir, 9/2/2013 1:57:59 PM     (No. 9502447)

Clearly a disciple of the Pelosi "Unemployment stimulates the economy" School of the Dismal Sciences.

If this comes about, you will have far fewer fast-food emporia to choose from, and in those which remain open, you will find half as many employees, overworked, providing poorer service than you are getting now.

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Reply 15 - Posted by: AltaD, 9/2/2013 1:58:57 PM     (No. 9502450)

His byline reads: This blog is about financial deceptions, swindles and costly untruths. Which is a rather accurate description of his proposal.

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Reply 16 - Posted by: KTWO, 9/2/2013 2:26:22 PM     (No. 9502487)

Or we could put a 100% sales tax on food. That should make things peachy.

Pro: Reduce obesity and please Michelle. More tax collectors. Mandatory prison for home gardeners.

Con: Food would be smuggled in from Mexico.

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Reply 17 - Posted by: 4justice, 9/2/2013 2:40:25 PM     (No. 9502505)

It is frightening that Forbes would publish an article that is completely counter to how economics work. I thought Forbes was a business and financial magazine. I guess they have become a new comic magazine with more fantasy but not as clever as Mad Magazine.

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Reply 18 - Posted by: stablemoney, 9/2/2013 2:50:05 PM     (No. 9502516)

Retailers can´t sell their products now at posted prices. All have to use discount coupons. Mr. Wasik says he held some clerical jobs. I see why he never made management.

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Reply 19 - Posted by: Robert Ives, 9/2/2013 3:20:54 PM     (No. 9502545)

Why $15.00? Why not $50.00? THAT would REALLY boost the economy. While we are at it, forbid price raises. Everyone will have more money and yet everything will be cheap! What can possibly go wrong?

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Reply 20 - Posted by: Jethro bo, 9/2/2013 3:27:28 PM     (No. 9502551)

IF the cost of labor goes up, then companies will find ways to replace those over paid workers. Robots can flip burgers and prepare food quick, more accurate and with less HR issues. So the ´workers´ will once again price themselves out of a job ( ask the UAW, textile workers and furniture workers how it worked out for them). The object of supplying a product isn´t to supply a ´living wage´ to anyone. IT is to make a profit. Once profit is eliminated, so to are jobs.

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Reply 21 - Posted by: franq, 9/2/2013 3:51:26 PM     (No. 9502569)

Been to a Lowe´s lately? One human at the register and five self checkout lanes. Not my cup of tea, but fast food workers beware.

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Reply 22 - Posted by: 6079 Smith, W, 9/2/2013 3:57:50 PM     (No. 9502572)

"The taxes on their wages help every level of government.." Well, now we know your priorities are out of whack---along with the rest of the drivel in this article.

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Reply 23 - Posted by: bobn.t, 9/2/2013 4:07:06 PM     (No. 9502583)

By that twisted logic, higher gasoline prices should also boost economic recovery.

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Reply 24 - Posted by: JediJerry, 9/2/2013 4:49:50 PM     (No. 9502613)

The Laborers and Hodcarriers Union is a good place to start looking for a job that requires no education and has high paying wages. All you need to know how to do is use a shovel. I was a Union Laborer in the late 60´s and made really good wages back then working for a pipeline company. Then I went to college. Then spent 4 years fighting the Vietnam war. Now I wish I could go back to work swinging a shovel. My college educated profession has died with the economy sadly, and flippin´ burgers isn´t on my must do list.

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Reply 25 - Posted by: xcenturion, 9/2/2013 4:52:59 PM     (No. 9502615)

It doesn´t take a genius to figure out that the White House needed a distraction because of this whole Syria thing they screwed up so they called on their minions to fabricate a "fast food" strike. The predictable lap dog main stream media jumped all over the story.

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Reply 26 - Posted by: god of irony, 9/2/2013 5:20:19 PM     (No. 9502628)

Hey John Wasik of Forbes. Econ 101, the free market is like water, it flows in the path of least resistance. Artificially place barriers will only cause it to go somewhere else.

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Reply 27 - Posted by: whyyeseyec, 9/2/2013 5:45:22 PM     (No. 9502644)

Looks like the author of this article was doing fine until he went to college and got stupid. I thought at least one economics class was mandatory in college but I guess not. This is nothing more than another liberal bellyaching about Big Food being mean to its employees.

Once again, if you don`t make enough money where you currently work then educate yourself and get a better job. Just don`t go to the same college as John Wasik.

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Reply 28 - Posted by: craige, 9/2/2013 6:19:39 PM     (No. 9502669)

For the author: "PRODUCTIVITY"

It´s a term used by economists and businessmen. Look it up.

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Reply 29 - Posted by: jeffkinnh, 9/2/2013 7:27:00 PM     (No. 9502728)

Amazing that this is on Forbes that should understand how money works. The only way to increase prices without triggering inflation is to provide more value. A worker takes on more responsibility, produces more product or a higher quality product, figures out how to streamline a process, or some other value enhancing method. That carries into making a better product for consumers who then are willing to pay more for it. Everyone wins.

When workers just "demand" more money, inflation kicks in. I realize my fast food meal costs more and I demand a bigger raise to deal with inflation. As this effect ripples through the economy the end effect is that EVERYONE´S wages go up, often the high wage earners even more than the little guy who ends up even further behind.

In addition, the fast food is no longer as competitive. Maybe I now decide to bring a lunch with me or go to a regular restaurant since it is now not that much more expensive. The fast food industry takes a hit and starts laying people off. So the remaining workers get paid a bit more and everyone else suffers including shareholders.

The Socialist argument that the fast food industry can afford to pay more is beneath contempt. If outsiders can set a company´s pay scale then I think John is getting paid far too much to produce this kind of drivel.

As for the living wage argument, baloney. It´s not supposed to be a living wage. If it´s not enough to get by, you look for a better job or get a second job.

This wage demand is a rip off that will end up hurting the workers and the economy.

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Reply 30 - Posted by: beancounter, 9/3/2013 2:08:13 AM     (No. 9503011)

I would be shocked if I didn´t know economics professors that are this dumb.

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Entertainment Magazine, by James Hibbard    Original Article
Posted By: drive- 4/10/2014 12:10:39 PM     Post Reply
Official: Stephen Colbert is the new host of CBS’ Late Show. Release: The CBS Television Network today announced that Stephen Colbert, the host, writer and executive producer of the Emmy and Peabody Award-winning “The Colbert Report,” will succeed David Letterman as the host of THE LATE SHOW, effective when Mr. Letterman retires from the broadcast. The five-year agreement between CBS and Colbert was announced by Leslie Moonves, President and CEO, CBS Corporation, and Nina Tassler, Chairman of CBS Entertainment. Letterman, the legendary, critically acclaimed host of the CBS late night series for 21 years, announced his retirement on his April 3 broadcast. Colbert’s

Global solar dominance in sight
as science trumps fossil fuels

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Telegraph [UK], by Ambrose Evans-Pritchard    Original Article
Posted By: Attercliffe- 4/10/2014 6:08:54 PM     Post Reply
Solar power has won the global argument. Photovoltaic energy is already so cheap that it competes with oil, diesel and liquefied natural gas in much of Asia without subsidies. Roughly 29pc of electricity capacity added in America last year came from solar, rising to 100pc even in Massachusetts and Vermont.[Snip] The technology is improving so fast--helped by the US military--that it has achieved a virtous circle. Michael Parker and Flora Chang, at Sanford Bernstein, say we entering a new order of "global energy deflation" that must ineluctably erode the viability of oil, gas and the fossil fuel nexus over time.


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