Financial impact of minimum wage increase for fast food workers

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  • Опубліковано 31 бер 2024
  • The rise in California's minimum wage to $20 per hour could provide financial help to fast workers, though possible cutbacks remain a concern.

КОМЕНТАРІ • 162

  • @mlong9475
    @mlong9475 2 місяці тому +50

    Buy a house on a fast food income??? If that was possible nobody would ever go to college. Why bother?

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому +5

      20 years at Jack she's obviously not motivated to learn skills to earn more money.

    • @va52pc
      @va52pc 2 місяці тому

      California needs to raise it to $50 an hour as well why not, it’s California

    • @ochitobannedito8002
      @ochitobannedito8002 2 місяці тому

      College is sus

    • @ryder4508
      @ryder4508 2 місяці тому +1

      You can't come close to affording to buy a house on 20.00 in California. It costs a grand per month or more just rent a room.

    • @user-Kova15
      @user-Kova15 2 місяці тому

      @@UncleDavesKitchencollege isn’t a skill

  • @lancetruong4957
    @lancetruong4957 2 місяці тому +42

    These jobs are not meant to pay living wages. People need to advance their education or improve their skills level to get high paying jobs.

    • @Sir-Gerlad
      @Sir-Gerlad 2 місяці тому +2

      Exactly. I was flipping burgers at Burger King when I was going to school.

    • @bobbelman4097
      @bobbelman4097 2 місяці тому +1

      Wasting your valuable time and breath ❤😂

    • @ryder4508
      @ryder4508 2 місяці тому

      Did you think that mindless trope up yourself? 😂

    • @siblej1
      @siblej1 2 місяці тому

      Thinking the same

    • @plantsplantz2116
      @plantsplantz2116 2 місяці тому

      Too competitive for high paying jobs. High paying jobs r stressful

  • @Leumasleumas725
    @Leumasleumas725 2 місяці тому +35

    The only winner out of all this nonsense = CA government by collecting more taxes😅

  • @wcollins4191
    @wcollins4191 2 місяці тому +19

    If you make $20 no more government assistance. No more dollar menus

    • @weskelly4538
      @weskelly4538 2 місяці тому

      They’ll just keep having more kids tho. They love the government Benny’s

  • @dalefutrelle1441
    @dalefutrelle1441 2 місяці тому +41

    Don't people understand that the minimum wage is not meant to be a living wage. smh

    • @erikh9991
      @erikh9991 2 місяці тому

      It's used for other industries like non-profits and government agencies. Not everyone that wants to work needs to make a living wage.

    • @kaywatson6505
      @kaywatson6505 2 місяці тому

      Old model no longer applies.

    • @dayviduh
      @dayviduh 2 місяці тому +3

      That was its intended purpose when created… why have a minimum wage if it doesn’t guarantee a minimum standard of living

    • @erikh9991
      @erikh9991 2 місяці тому

      @@dayviduh It doesn't work that way. When the government forces something one area gets rewarded, and another area suffers. If the rate raises naturally due to supply and demand it keeps inflation low.

    • @ryder4508
      @ryder4508 2 місяці тому +1

      Actually FDR said that's exactly why it was implemented.

  • @sixpackvolleyball83
    @sixpackvolleyball83 2 місяці тому +17

    Too bad they will get her hours cut. Would like to see the same person interview again after 6 months

    • @MrKlausHeisler
      @MrKlausHeisler 2 місяці тому

      And they will replace Robots & Kiosks

    • @nutbastard
      @nutbastard Місяць тому

      Yep. Less hours but same workload, and prices for the consumer go up, which means less consumers (over the near future as they start feeling the hit to their wallet)
      More shuttered businesses, especially mom and pops. Everyone loses, even the workers that manage to hang onto their jobs and realize their 30% raise means 100% more work.

  • @UncleDavesKitchen
    @UncleDavesKitchen 2 місяці тому +16

    20 years at Jack In the Box, she could have gotten so much training, degree, skills to earn more money. I was a hairdresser and went to nursing school part time. If you want more you have to become more.

    • @williampeterson4416
      @williampeterson4416 2 місяці тому +2

      I went to nursing school at 40 yrs old, but since i was 17 years old never had a minimum wage job. You give the your job the minimum and you get the minimum back. These generations now think they will all be influencer and complain starbucks isn’t paying them enough to get so high that they can’t comprehend your order and then expect a huge tip. If you are trying to raise a family on Burger King then you have bigger problems than the wage your earning. IT’S CALLED A COMPLETE LACK OF WORK ETHICS AND MOTIVATION TO BETTER YOURSELF.

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому +2

      @@williampeterson4416 a total generation and a half of entitlement. Wanting without putting forth any effort.

  • @bigcatauna
    @bigcatauna 2 місяці тому +13

    only problem is there will be no full time positions just part time 🤣🤣🤣🤣🤣🤣

  • @williampeterson4416
    @williampeterson4416 2 місяці тому +26

    Ok so the real financial impact is going to be 1/2 of these people losing their jobs.

    • @LWRC
      @LWRC 2 місяці тому

      Exactly!!! These lib t@rd law makers are causing massive layoffs of these people!!! It's coming sooner than later!!!!

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому +2

      exactly

    • @MrKlausHeisler
      @MrKlausHeisler 2 місяці тому +1

      and replaced by a robots & kiosks that works for free in repair, recharge & upgrade.

    • @williampeterson4416
      @williampeterson4416 2 місяці тому

      @@MrKlausHeisler That was always going to happen, but they are definitely going to accelerate it in California now. This damn state is so anti-business that it’s almost communism. 😂

  • @TurboK24z
    @TurboK24z 2 місяці тому +27

    Buy a house with a low skill/minimum wage job? Come on now.........Should have spent that 20 yrs driving a semi or at least a state job.....

    • @wcollins4191
      @wcollins4191 2 місяці тому +1

      If your married or a boyfriend & 6 kids & working at McDonald's I just don't have the confidence you will be buying a house with meals costing $20 per person.

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому +3

      She's been working a high school students job for 20 years. All that time she could have learned a trade, skill something to earn more money. Still shaking fries in hot grease for 2 decades and wonders why she doesn't own a house.

    • @ryder4508
      @ryder4508 2 місяці тому

      You can't even come close to buying house on 20.00 in California. It costs a grand per month just to rent a room. 😂

  • @dougshankle7946
    @dougshankle7946 2 місяці тому +8

    An arbitrary 25% raise for businesses that have a 10% or less profit margin. What could go wrong?

    • @milesjohnson5487
      @milesjohnson5487 2 місяці тому +3

      I work in a hospital; can I have a 5.00 an hour raise?

  • @flippy5555
    @flippy5555 2 місяці тому +19

    I'm gonna take my girlfriend to Del Taco,,,,, better apply for a bank loan

    • @user-db1rw9cd1p
      @user-db1rw9cd1p 2 місяці тому +1

      Sugar Daddy

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому +5

      I hear the new drive through windows you can donate a kidney from your car for a Happy Meal.

    • @kenpullig1652
      @kenpullig1652 2 місяці тому +1

      Dude, if you're taking your girl to Del Taco your problem is not money, it's not having taste.

    • @flippy5555
      @flippy5555 2 місяці тому +1

      @@kenpullig1652 Del Taco is the RIZZ lol

  • @HabibTheHeeb
    @HabibTheHeeb 2 місяці тому +16

    Who would have thought 40k a year to make French fry’s

    • @leslieeng6676
      @leslieeng6676 2 місяці тому +5

      Who knew the average rent for a one-bedroom in Los Angeles was $2500?

    • @eastbaykidd8574
      @eastbaykidd8574 2 місяці тому +4

      @@leslieeng6676 it's called "supply and demand", we have too many fast food workers and not enough people building new homes.

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому +2

      I make $18K more in a year with a college degree RN in the ER saving lives, coding dying patients, hanging blood and medications than these unskilled adults do shaking fries in hot grease.

    • @leslieeng6676
      @leslieeng6676 2 місяці тому

      @@UncleDavesKitchen Thank you for your service. So why aren't they making more if you don't mind? Don’t you work 40 hours a week? or just 2 days a week? There is no way that you are making that little working 40 hours a week being a RN.

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому

      @@leslieeng6676 In California the pay is superior, and they have a union. Small communities don't pay at all, in fact some of the more rural hospitals are closing due to the Medicare Advantage plans. but, this is where so many accidents happen. Hospitals are in trouble with state medicaid paying so little as does the Advantage plans.

  • @The1emerican
    @The1emerican 2 місяці тому +11

    What a time to be alive, lol. Not too long ago we had a dollar menu, and now we have a 20 dollars an hour wage menu 😂

  • @dionkraft6782
    @dionkraft6782 2 місяці тому +6

    One Foster Freeze franchise in Lemoore CA just layed off their entire staff this monday morning when they opened. Lock smith changed locks and owner met opening staff to hand out their last paychecks.....

    • @UncleDavesKitchen
      @UncleDavesKitchen 2 місяці тому +3

      FF only needs to close 2 franchise to have 60 stores and not have to pay the $20 an hour. I think it's a good plan to buy out two restaurants so the rest can survive.

    • @ryder4508
      @ryder4508 2 місяці тому

      Who cares. Probably mismanaged by the owner.

  • @seadweller386
    @seadweller386 2 місяці тому +3

    The math assumes their hours won’t be adjusted, which in all likelihood, it will be.

    • @alexbishop5004
      @alexbishop5004 2 місяці тому

      If not fired... or paying more for cost of living. These people are the bread and butter of the Democrat voter base. Economical and mathematically challenged individuals with an attention span of a dachshund.
      They voted for a ~50 cent gas tax years ago, then whined and moaned 6 months later when the tax took affect and they were paying an extra 50 cents per gallon... Newsom, to feign ignorance, "launched an investigation" only to quietly admit 3 weeks later the increased prices were due to the gas tax...
      There was a Democrat politician who argued with a straight face a few months ago, that we should raise min wage to $500 / hr...

    • @jacobsalcido5891
      @jacobsalcido5891 2 місяці тому

      Cali has the dumbest people living here

  • @larrylarue3997
    @larrylarue3997 2 місяці тому +20

    No more fast food for me anymore I can make this stuff myself. These people want to turn those jobs into lifelong careers

  • @josebarron970
    @josebarron970 2 місяці тому +2

    What happens when the restaurants close because people don’t want to pay $20 a combo. I have 3 kids and a wife, do you really think I’m going to spend $100 plus tax’s at McDonald’s? Hell NO. Fast food restaurant companies are going to go fully automated sooner than later, and what type of work will the employees get then???

  • @rebeccaciborski6768
    @rebeccaciborski6768 2 місяці тому +3

    Those California fast food workers will be very v disappointed when they get their pay checks, the federal income tax, the State Income tax, FICA( social security contribution) , Medicare , disability contributions will all increase. Some may even go up another tax bracket. The biggest winners are the Government , Federal and State. Good luck.

    • @bobmatthews6918
      @bobmatthews6918 2 місяці тому

      and if they were on an assistance programme, they probably no longer qualify........ again winner........ The State and the SEIU

  • @Rooster_Crows
    @Rooster_Crows 2 місяці тому +2

    This kind of job is NOT used as a long time career but a stepping stone to move on to something better and used as income while attending college or trade school!

  • @dpharr100
    @dpharr100 2 місяці тому +2

    The industry employees 500,000 people. In 5 years it'll probably be 400,000

  • @LWRC
    @LWRC 2 місяці тому +2

    How much would these workers make if they were FIRED? And replaced by automation???!!!!

  • @raulthepig5821
    @raulthepig5821 2 місяці тому +4

    Since the politicians can set a minimum wage why don't they set a maximum price on hamburgers, say $1? Or mandate that oil companies can only charge $1 for a gallon of gasoline?

    • @user-uo8cd6de8d
      @user-uo8cd6de8d 2 місяці тому

      If they set/mandate prices that low then the politicians wouldn’t get their kickback money from these companies. Politicians only care about their own lives and families…..everyone else is just peasants to them. It’s about the money 💰

    • @tahliasgoddaddy
      @tahliasgoddaddy 2 місяці тому

      That's even more unrealistic than raising minimum wage. People are in business to make money. If they can't make a profit, they will close down.

    • @raulthepig5821
      @raulthepig5821 2 місяці тому +1

      @@tahliasgoddaddyExactly! And yet my state with rent control has effectively fixed rents. Many Mom and Pop housing providers are selling their properties and leaving the state.

  • @BLUEPUNK86
    @BLUEPUNK86 2 місяці тому +7

    Wait until state and fed tax kicks in and all this was for nothing ...

    • @milesjohnson5487
      @milesjohnson5487 2 місяці тому

      They will just cut hours and raise prices.
      Big bosses got it all figured out.

  • @thequickbrownfox7289
    @thequickbrownfox7289 2 місяці тому +5

    Great - now tjey can take their date to get a burger from a less expensive robot.

  • @philschiavone101
    @philschiavone101 2 місяці тому

    Cutting restaurant hours makes the most sense. Every hour that you are open the owner needs to ensure that he is turning a profit.

  • @marvelharris9540
    @marvelharris9540 2 місяці тому +4

    rip california

  • @MarkCallananPhoto
    @MarkCallananPhoto 2 місяці тому +2

    What an awful place

  • @dpharr100
    @dpharr100 2 місяці тому +1

    Paying people 20 bucks an hour for substandard food

  • @va52pc
    @va52pc 2 місяці тому +1

    If only California could do $50 an hour, I’ll move there with my unicorn 🦄

  • @MariaMaria-sr8zg
    @MariaMaria-sr8zg 2 місяці тому

    The effect is $0 wages for a lot of workers since the stores are laying off and/or closing.

  • @MikePoulson-qt1me
    @MikePoulson-qt1me 2 місяці тому +11

    Democrats war on the middle class.

    • @ryder4508
      @ryder4508 2 місяці тому

      So raising wages hurts the middle class? Is Trump going to help the middle class by lowering wages? 😂

    • @johnr9528
      @johnr9528 2 місяці тому

      @@ryder4508 They will automate many of these jobs away; it will take one hours wage (after taxes) to buy a Bic Mac, Fries and a Coke (just like it did before the wage change) after the shock of an overnight 25% cost increase is factored in to ensure continue profitability. For those jobs that remain, there will be a spillover affect into all industries to increase wages to attract the best people and not the dregs....many unskilled workers will be frozen out, hurting those who were supposed to be helped the most. Government mandated wages are arbitrary and never take into account local market conditions which vary widely by geographic region. If the government knows best, why is not mandating all wages across the board?

  • @bradspringer2372
    @bradspringer2372 2 місяці тому

    What about the supervisors and managers that worked diligently to achieve a $20 wage? Will they also get pay increases? If not, what's the incentive?

  • @Joshua-re8gd
    @Joshua-re8gd 2 місяці тому

    Just imagine it took a long time for someone in fast food to achieve a raise for $20 hr. Now someone gets hired today and gets $20 hr, wouldn’t that suck. No raises for a very long time.

  • @mandoarevee7578
    @mandoarevee7578 2 місяці тому

    Buying a house @ $20hr? Avg mortgage pymnt with 20% down is around 4k a month. Med price in Ca is 800k.

  • @putler965
    @putler965 2 місяці тому

    The cost will just be passed on to consumers, which mean fast food workers will also be paying more for everything.

  • @MrYracheta82
    @MrYracheta82 2 місяці тому +1

    Even if you get a raise everthing will go up you are all clueless they will close the store or lay you off

  • @skipandersen
    @skipandersen 2 місяці тому

    What about the financial impact of losing your fast food job because prices are too high?

  • @brianschooley3833
    @brianschooley3833 2 місяці тому

    Very few will work a 40 hour shift this was not a good idea

  • @sthcalguy3024
    @sthcalguy3024 2 місяці тому

    And if my grandmother had wheels she'd be a bicycle. That's not how economics works. That lady will get less hours or be totally laid off.

  • @juandamian6942
    @juandamian6942 2 місяці тому

    Exactly "if" they get 40 or more hrs a week if not it's the same crap

  • @seanrhone5306
    @seanrhone5306 2 місяці тому

    And what does Unemployment pay?

  • @goldenteacher5g626
    @goldenteacher5g626 2 місяці тому

    Whats the catch?????

  • @bobbob-ze9zo
    @bobbob-ze9zo 2 місяці тому

    Just get three more of those jobs and you can start looking for a house.
    ( As the saying goes there are plenty of jobs out there,I have 5 of them.)

  • @castletracker
    @castletracker 2 місяці тому

    Except there is no 40 hour work week for the majority of fast food workers. At McD's it's 37.5 max as scheduled. Often it goes down from there, except for the few. It's not helping that much but it's likely to really hurt the owners who's profit is in that raise amount. I don't think it's headed anywhere good.

  • @davesitarski2310
    @davesitarski2310 2 місяці тому

    Minimum wage won’t make a difference when they’re out if a job

  • @a13xw71
    @a13xw71 2 місяці тому

    Unfortunately, they probably going make the same with less hours.

    • @alexbishop5004
      @alexbishop5004 2 місяці тому

      While prices go up, then they get a second job, and Biden administration touts job growth while ignoring the number of the dual employed...

  • @bonebones8999
    @bonebones8999 2 місяці тому

    Expecting a higher wage and getting in employment instead.

  • @boblester8641
    @boblester8641 18 днів тому

    What about the ones loosing jobs

  • @jonathanbrocklehurst9481
    @jonathanbrocklehurst9481 2 місяці тому

    right so they get $4 but cant get 30hrs ... so they have to find a 2nd job to make up which then effect rest of there life - time i mean we are 4 days in jobs - hours cut - business closing down ( 99 cent had 371 locations =/ )

  • @LWRC
    @LWRC 2 місяці тому

    Government has no place to be forcing this on to the market place!!! Why stop at $20.00/hr.??? Why not just make it $200.00/hr?!! Wouldn't that be 10X better??!!! After all, after taxes, they'd still have enough to buy a bag of fries!!!😂😂😂

    • @alexbishop5004
      @alexbishop5004 2 місяці тому

      A Democrat rep actually argued for $500/hr a few months ago...

  • @mr.cmr.c3855
    @mr.cmr.c3855 2 місяці тому

    In the end the consumers flip the bill including those who get the raise. Mainly the government wins in this case.

  • @Gocubsgo1958
    @Gocubsgo1958 2 місяці тому

    You can bet there hours will be cut in half

  • @JBTFISHINGTV
    @JBTFISHINGTV 2 місяці тому

    For those who lost their jobs, No job * ($20 minimum wage)= NO MONEY and completely dependent upon government just like they want!

  • @hallaloo202
    @hallaloo202 2 місяці тому

    these fast food workers should get paid $5 an hour!!! i want my food to be cheap. screw these guys!!!!!!!!!

  • @B.M.-il3tf
    @B.M.-il3tf 2 місяці тому

    Close baby close no more fast food restaurants in California and that's karma. Buckle up butter cups it's going to get worse.

  • @kweaver1965
    @kweaver1965 2 місяці тому

    Well good luck to her she is really going to be struggling when she gets hours cut or laid off! Its sad that these fast food workers have no desire to BETTER THEMSELVES and think they should get more money when they can't get a order right or understand English or know how to communicate properly 🙃

  • @roninthedestroyer8958
    @roninthedestroyer8958 2 місяці тому

    California should have free housing

  • @Achilles415
    @Achilles415 2 місяці тому

    😅Now audit all the housing violators that play tha system. Cause now they definitely earning more and unqualified for housing.

  • @Thatguy-tb9pw
    @Thatguy-tb9pw Місяць тому

    I think it should be doubled

  • @GaiaLore
    @GaiaLore 2 місяці тому

    Oh boo hoo. Fast food makes so much money and yet they complain about making liveable wages for their workers.

  • @Irishtroll
    @Irishtroll 2 місяці тому

    I can offer restaurants volunteer labor from a 504 c3 nonprofit in exchange for donations to the organization

  • @luisramrod9121
    @luisramrod9121 2 місяці тому

    She wants to buy a house 😂😂😂😂

  • @anb7408
    @anb7408 2 місяці тому

    I’ll give it a month for these idiots to start complaining about the cost of the food they’re selling, tripling in price.

  • @user-db1rw9cd1p
    @user-db1rw9cd1p 2 місяці тому +1

    BLACK SWAN

  • @laserwizard2
    @laserwizard2 2 місяці тому

    Anyone who thinks a fast food job is going to support them in this economy is a fool. These jobs were meant as entry jobs or as second jobs. There is no reason to pay one of these unskilled people more than $10 per hour. If they want more money, learn a skill and you'll be valuable.

  • @DavidB7474
    @DavidB7474 2 місяці тому +1

    I think you need to math better. And for those clueless people who don’t math, your numbers are pre tax. So more pay means you pay more taxes. Federal tax is progressive. Maybe you should look at if this will bump fast food workers into the next tax bracket.
    Currently California is $16.85 according to all you news crews. That’s a $3.15 wage increase to get to $20 an hour. And that is only $126 per a 40 hour work week.
    3.15 x 40 = 126.
    Stop padding the numbers.
    4 x 40 = 160 is incorrect. It’s only $126 dollars a week.
    Claiming single, 21 percent goes to federal tax, and then your wonderful state tax in California.
    Business owners will combat this by cutting workers, cutting hours, and closing stores. Less hours means no benefits and then you get to apply for Obama care or get penalized at tax time.

  • @user-tk7xi9ji7v
    @user-tk7xi9ji7v 2 місяці тому

    Trying to buy a house working at McDonald's 😂

  • @roninthedestroyer8958
    @roninthedestroyer8958 2 місяці тому

    It should be 25.00 since America economy is booming and inflation is down

  • @nicomor352
    @nicomor352 2 місяці тому +1

    Stop having kids, i am 40 sibgle no kids

  • @no-one-qd1li
    @no-one-qd1li Місяць тому

    😂 a wage raise isnt going to change anything but the cost consumers pay. Things go downhill not up hill. Fix the economy and things will be affordable.

  • @bobbelman4097
    @bobbelman4097 2 місяці тому

    Good luck❤

  • @smckay6438
    @smckay6438 2 місяці тому

    THIS IS BAD !
    They will not tell you about the jobs lost or increased stress!
    MARK MY WORDS !
    THE BUSINESS WILL GO TO MACHINES, JUST LIKE THE AUTO INDUSTRY !
    And we will lose jobs !😊😊😊😊

  • @daburn2013
    @daburn2013 2 місяці тому +1

    The big corporation can easily take it off their profit but they have to try to hit the same margin no matter what and pass it on to the consumer that's greed

  • @First1ToComment
    @First1ToComment 2 місяці тому +1

    Chump change

  • @LWRC
    @LWRC 2 місяці тому +1

    There will be firing coming so you might as well get ready to ask those workers who lost their jobs because of this minimum wage law how that's worked out for them??!!!
    Maybe those law makers can 'share' part of their paychecks with these unemployed fast food workers 😂😂🤣🤣🤣👍👍👍👍

  • @donnag4554
    @donnag4554 Місяць тому

    More unemployment for Cali. Thank your governor and dems. MOVE OUT NOW!

  • @carolynharrison6987
    @carolynharrison6987 2 місяці тому +1

    She's been there for 20 years. I'm sure she's worth every penny. Good reliable hard working employees are valuable.

  • @sanchezs7614
    @sanchezs7614 2 місяці тому

    Human Overpopulation isn't a factor 😂

  • @keithyoung383
    @keithyoung383 2 місяці тому

    Get a real job

  • @MoonDog991
    @MoonDog991 2 місяці тому

    This woman knows.

  • @tahliasgoddaddy
    @tahliasgoddaddy 2 місяці тому

    Minimum wage increase never fulfills promises. Wages artificially raised result in higher priced products. So the 20 dollars per hour will end up only buying what the 15 dollar wage bought in the past. Minimum wage actually hurts everyone.