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Fast-food strikes to hit today

  • Fast-food workers are planning to walk off the job at chains across the country today in an organized move to protest low wages.
  • The push for a higher minimum wage has gained traction in several states and major cities, although President Obama's proposed $10.10 per hour rate doesn't have the support in Congress yet for a federal minimum wage hike.
  • Related stocks: MCD, BKW, JACK, WEN, SONC, DENN, PLKI, DPZ.
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Comments (31)
  • phxcrane
    , contributor
    Comments (419) | Send Message
     
    They walk off they should be fired. Plenty of people need the job.
    15 May, 08:15 AM Reply Like
  • hhess13892
    , contributor
    Comments (279) | Send Message
     
    If they don't like the pay they should find another job. If they don't qualify for anything else go back to school.
    15 May, 08:31 AM Reply Like
  • Ajayyy
    , contributor
    Comments (327) | Send Message
     
    Yah, the solution clearly lies in burying yourself in student loans.
    15 May, 08:44 AM Reply Like
  • hhess13892
    , contributor
    Comments (279) | Send Message
     
    I was thinking the solution was bettering yourself so you can do for yourself rather than expecting others to do for you.
    15 May, 09:02 AM Reply Like
  • Ajayyy
    , contributor
    Comments (327) | Send Message
     
    Wanting a sustainable wage isn't expecting too much. We are seeing every increasing costs in everything from food to education without much in the way of decent minimum wages.

     

    Here in Ontario the minimum wage is $11. The situation in US is pathetic.
    15 May, 09:23 AM Reply Like
  • hhess13892
    , contributor
    Comments (279) | Send Message
     
    "Wanting a sustainable wage isn't expecting too much"

     

    What ever happened to the thought process of being paid what you are worth?

     

    It is an ENTRY level wage, it's not something meant to support your family on. Minimum wage is for low to no skilled workers, nothing more
    15 May, 09:38 AM Reply Like
  • kettiger
    , contributor
    Comments (3) | Send Message
     
    And those that don't understand the past continue to make the same mistakes over and over and over again.....

     

    Raising the minimum wage just gives everyone who makes more than minimum wage a pay cut. How would you like to be the guy that is already making 10.10 an hour? Congratulations buddy....you're making minimum wage again. In just about a year your standard of living will have dropped back to where it was before you got your well earned raise.
    15 May, 09:48 AM Reply Like
  • glssmrbl
    , contributor
    Comments (370) | Send Message
     
    If everyone went to school to get better jobs then the nation would be in much greater debt than ever and competing for the same high-quality careers.

     

    You will just have WENDY'S requiring a B.S. in any field as a requirement for employment.

     

    Although education is great, I'm tired of hearing we can just educate our way out of every problem. Not true at all. Supply and Demand applies to jobs just as it does to goods and services.
    23 May, 03:16 PM Reply Like
  • glssmrbl
    , contributor
    Comments (370) | Send Message
     
    Agreed, you forgot gas prices too :)
    23 May, 03:16 PM Reply Like
  • glssmrbl
    , contributor
    Comments (370) | Send Message
     
    Good point. Problem is entry level jobs never gave disposable income that could sustain rising cost-of-living until the last 30 yrs or so. If income must remain stagnant then so should cost-of-living.

     

    As a recent college grad I saw my college costs increase more than 15% over the entire time period! Unfortunately, I haven't been able to get my own place b/c that requires working long hours while in school which is just not feasible.
    23 May, 03:19 PM Reply Like
  • tomlos
    , contributor
    Comments (1146) | Send Message
     
    self service kiosks in most cases can do a better job that hamburger flippers... and they're never tardy. Don't let the door hit you on the way out.
    15 May, 08:44 AM Reply Like
  • Ajayyy
    , contributor
    Comments (327) | Send Message
     
    That is until the robots and machines start demanding better conditions and treatment.
    15 May, 09:26 AM Reply Like
  • maybenot
    , contributor
    Comments (3988) | Send Message
     
    Good for the workers.

     

    Long MCD
    15 May, 09:29 AM Reply Like
  • bobsar
    , contributor
    Comments (220) | Send Message
     
    As a business decision. Wage and benefits cost increase and prices will then increase.
    Usually this is inflationary. And the wage earner ends up eventually in the same state. But they are better off for some time. It has not been proved to me that it damages the economy and it might be good for the economy because the money gets spent. Does it really eliminate jobs. Maybe. In theory. A worker getting $2 an hour more is not much impact on a small business but it does come out of the owners bottom line so he likely will try to raise prices. But even in a bodega that's not a lot to spread ober a week. Fast food ? Does anyone even know the price when they walk in. 3.69 or 3.49 or who knows what. I would need proof.
    15 May, 09:56 AM Reply Like
  • RLLH
    , contributor
    Comments (492) | Send Message
     
    Why not raise the minimum wage to $100 per hour then so we can all be rich? Or $1,000 so we can all be billionaires.
    15 May, 12:47 PM Reply Like
  • Ajayyy
    , contributor
    Comments (327) | Send Message
     
    ....because people making 10/hr are getting rich?

     

    Seriously, that's your argument?
    15 May, 04:16 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (575) | Send Message
     
    RLLH'S argument is just as logical as the US governments logic that they can create wealth by legislating it.
    15 May, 04:35 PM Reply Like
  • ccrider45
    , contributor
    Comment (1) | Send Message
     
    My goodness, how cavalier to say a $2 increase has no impact......apparently your pronouncement does not come from the experience of owning a small business. That 2 bucks just jacked up your labor cost about 30%.......not a "low impact" hit to the bottom line. The owner is forced into price increases (which may not be always competively possible) and we all pay for it.
    15 May, 10:37 AM Reply Like
  • bobsar
    , contributor
    Comments (220) | Send Message
     
    Since i have owned and operated and sold a business. I can say still say that the $2/hr plus payroll taxes and costs of about 33% making the cost $2.67 spread over the 50 items sold in the store in an hour. (slow day) would cause an increase in price of 5 cents. So the six pack can now be priced at 8.55 instead of 8.50. Customers are not crossing the street for a nickel. If I have two minimum wage workers it may be a dime. Your "jacked up" labor cost is foolishness. It's a real stretch to come up with a real world situation where this is a burden. A cost yes, a burden no. In many places. In New England for example the market already requires a higher pay than minimum wage. Check out South Dakota. With labor shortages looming as boomers leave the work force in droves, the minimum wage will be moot. It is politically stupid to fight against minimum wage increases.
    24 May, 02:47 PM Reply Like
  • Chazuu
    , contributor
    Comments (139) | Send Message
     
    Yes! Let's squash the workers at the low end. Maybe we can become another Bengladesh where workers compete for starvation level wage work.
    All you "job creators" can buy better security systems and house more people in jails. If the people have no bread--let them eat cake! (Or did someone try that before?)
    15 May, 10:42 AM Reply Like
  • Mattster
    , contributor
    Comments (162) | Send Message
     
    If you think Obama is bad, wait and see what is coming if you don't keep American's standard of living rising with the cost of living. It is the Republicans themselves who are turning this great country socialist due to their ignorant treatment of the American working class who are the ones who built and fought for this country for a century.
    15 May, 10:58 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (575) | Send Message
     
    The CBO has estimated raising the minimum wage to $10.10 would add a net annual yield of $2 billion to the economy. Again, that is yearly.

     

    Obama’s war on coal is costing the US $2 billion a DAY in direct and indirect job losses. That equals 250 times the amount of money this Living Wage crap would introduce into our economy. Blame Republicans.

     

    Obama’s refusal to approve the Keystone pipeline is costing the US $ billions in lost jobs. Blame Republicans.

     

    Obama's bailout of Government Motors cost US taxpayers $10 billion in losses. That’s equal to 5 years of money this legislation would add to our economy. Blame Republicans.

     

    Obama's investments (sic) in Green Energy have cost US taxpayers $16 billion and almost all of these have failed. That equals 8 years of money this legislation would introduce into the economy. Blame Republicans.

     

    The National Debt is costing taxpayers roughly $500 million a day just in interest, of which 38% was added under Obama. The interest added just under Obama equals that $2 billion number every 10 or 11 days. Blame Republicans. And while I’m on that topic; when was the last time a budget was passed? Fiscal responsibility was apparently a fad. Blame Republicans.

     

    You cannot legislate wealth. The government should focus on creating an environment that fosters job growth and the increased wages will follow.
    15 May, 12:06 PM Reply Like
  • hhess13892
    , contributor
    Comments (279) | Send Message
     
    Wait until YOU see what is coming.....

     

    When those who are paying taxes to support all these "assistance programs" decide they don't want to work anymore and they themselves enroll in these programs. At some point there can't be enough taxes to support the programs.
    15 May, 01:02 PM Reply Like
  • glssmrbl
    , contributor
    Comments (370) | Send Message
     
    It is both Republican and Democrats. Don't be fooled by the bickering for the audience members. No different than watching WWE... all fake and made for your entertainment.
    23 May, 03:22 PM Reply Like
  • stotle1
    , contributor
    Comments (2) | Send Message
     
    If these people spent time in improving their skills or education they wouldn't have to worry about what the minimum wage rate is.
    15 May, 01:47 PM Reply Like
  • Ajayyy
    , contributor
    Comments (327) | Send Message
     
    I think you are missing the point. There are always going to be people working at minimum wage. You can't possibly suggest that everyone will just study their way out of that life. Someone else will be replacing them if they were to go find better jobs. The point is to make sure that, those people, who have the crappiest jobs, get enough to get by.

     

    The question isn't about getting rich or wanting too much. It's about much more basic needs to just get by.
    15 May, 04:22 PM Reply Like
  • bobsar
    , contributor
    Comments (220) | Send Message
     
    Minimum wage jobs are for teenagers. Others used to get better jobs and moved up. Just not in the Obama economy.
    16 May, 12:30 PM Reply Like
  • glssmrbl
    , contributor
    Comments (370) | Send Message
     
    You can't educate the low-income people out of low income. I don't think that even makes sense. The only thing low-income people want is a better lifestyle with their income. Purchasing power is low b/c cost of living keeps climbing along with the rich income creating a huge wealth gap!
    23 May, 03:23 PM Reply Like
  • abreik
    , contributor
    Comments (8) | Send Message
     
    The self service kiosks at my local Specialty's Cafe will not be participating in the walk out.
    15 May, 06:28 PM Reply Like
  • melissabrittany
    , contributor
    Comments (41) | Send Message
     
    Congress should seriously consider this issue before it gets out of hand. Yes it would cause unemployment and cost-push inflation, but will be better in the long run.
    16 May, 07:57 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (575) | Send Message
     
    Government is the problem, not the solution.
    16 May, 08:06 AM Reply Like
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