Sure they can. At least you recognize that we have full employment, and that the workers will have to be lured from some other existing job to the vacuum cleaner plant.
What's interesting is that you've decided that vacuum cleaners deserve higher wages than hamburgers.
According to a quick financial data look-see
Electrolux (ELUXY) Profit Margins % | Company | Industry | S&P 500 |
---|---|---|---|
Gross Margin | 19.6 | 22.5 | 37.7 |
Pre-Tax Margin | 4.2 | 5.0 | 18.9 |
Net Profit Margin | 3.1 | 4.0 | 13.3 |
5Yr Gross Margin (5-Year Avg.) | 23.7 | 24.6 | 37.0 |
5Yr PreTax Margin (5-Year Avg.) | 3.7 | 4.3 | 17.5 |
5Yr Net Profit Margin (5-Year Avg.) | 2.5 | 2.9 | 12.0 |
McDonalds Profit Margins % | Company | Industry | S&P 500 |
---|---|---|---|
Gross Margin | 33.9 | 30.3 | 37.7 |
Pre-Tax Margin | 14.8 | 11.6 | 18.9 |
Net Profit Margin | 8.0 | 7.0 | 13.3 |
5Yr Gross Margin (5-Year Avg.) | 31.3 | 29.8 | 37.0 |
5Yr PreTax Margin (5-Year Avg.) | 16.3 | 11.8 | 17.5 |
5Yr Net Profit Margin (5-Year Avg.) | 11.1 | 8.0 | 12.0 |
So tell me why you think Electrolux has so much elbow-room to hire away the McDonalds people? Fact is, American Consumers are willing to pay more overhead,and give higher profits for a hamburger than they will to have an American Made vacuum cleaner.
All this will do is come down to another oppty for a Chinese manufacturer to close down another American plant for good. And you won't be there to support them with your dollars, will you?
In-N-Out doesn’t hire illegals. They are always packed.