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A strike by fast food workers in New York City could have broad implications with the group's...

A strike by fast food workers in New York City could have broad implications with the group's lofty goal to see a 107% pay raise up to $15 per hour. What to watch: Though historically the high turnover rate in the QSR industry has kept labor disruptions to a minimum, unions of foodservice workers have strengthened since 2009 and could take a small bite out of the sector's margins.
Comments (10)
  • jw4golf
    , contributor
    Comments (340) | Send Message
     
    suggest they learn more profitable skills if they want more pay or work for the government.
    5 Apr 2013, 10:53 AM Reply Like
  • Jason Merriam
    , contributor
    Comments (716) | Send Message
     
    Unionizing fast food workers: planting the seeds of inflation.
    5 Apr 2013, 10:54 AM Reply Like
  • ls1gto
    , contributor
    Comments (70) | Send Message
     
    15$ an hr for flipping hamburgers? They should go back to school and get specialized since they have free time to strike...
    5 Apr 2013, 11:02 AM Reply Like
  • Griller
    , contributor
    Comments (151) | Send Message
     
    $1500 an hour would be more pertinent vis a vis CEO productivity. If we put people to work filling in holes and refilling them that would be more productive than bailing out risk-loving bankers.
    5 Apr 2013, 11:18 AM Reply Like
  • jake319
    , contributor
    Comments (86) | Send Message
     
    ya I go back to school? Right!
    These fast food businesses are franchise schemes. They are modeled on cheap food products and high consumer prices.

     

    By the way high wages do not cause inflation.
    5 Apr 2013, 11:30 AM Reply Like
  • Jason Merriam
    , contributor
    Comments (716) | Send Message
     
    jake,
    Wage inflation can contribute to cost-push inflation. It also increases the cost of equity.
    5 Apr 2013, 02:14 PM Reply Like
  • Lew Levetown
    , contributor
    Comments (31) | Send Message
     
    Fast Food workers are paid low because the skills they need to do their job are easy to acquire. Typically, the rate of pay is highly correlated to the amount of time it takes to learn to do your job. If it takes a week to learn your Mickey D's job and less than a month to become proficient, your pay should be low.
    5 Apr 2013, 12:28 PM Reply Like
  • swampfox1
    , contributor
    Comments (40) | Send Message
     
    Let them all go; there are plenty of applicants, I believe.
    We seem to have adequate numbers of air traffic controllers.
    5 Apr 2013, 01:17 PM Reply Like
  • godalmightee13
    , contributor
    Comments (466) | Send Message
     
    Well a strike would not be all bad' it may introduce crap food lovers to making there own healthier meals lol.. Health benefits and may make your tax dollars go further.
    5 Apr 2013, 02:15 PM Reply Like
  • Dr Fred
    , contributor
    Comments (71) | Send Message
     
    It would be wonderful if every worker could make $15/hr---and still have the business survive. It can't happen. I owned two frozen yogurt stores about ten yrs ago, and believe me the great majority of our employees were kids. If we were lucky, they called in sick so we could get a sub; mostly they just didn't show up. Try giving some of them $5.07 for a $4.07 bill and watch the struggle. Free goods to their friends or outright stealing were common. Jacking up their pay by $7/hr isn't going to change that mind set. They need to be taught responsibility.
    @godalmightee13-- The food served at MCD, etc. is not "crap" as so many of the enlightened seem to think. The problem is too much of it too often.
    5 Apr 2013, 04:19 PM Reply Like
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