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Fast food CEO: Minimum wage hikes closing locations
Yahoo Finance ^ | 5/30/14 | cnbc

Posted on 05/30/2014 11:53:50 AM PDT by NormsRevenge

CKE Restaurants' roots began in California roughly seven decades ago, but you won't see the parent company of Carl's Jr. and Hardee's expanding there much anymore. Related Stories

What's causing what company CEO Andy Puzder describes as "very little growth" in the state?

In part it's because "the minimum wage is so high so it's harder to come up with profitable business models," Puzder said in an interview. The state's minimum wage is set to rise to $9 in July, making it among the nation's highest, and $10 by January 2016.

In cities in other states where the minimum wage has gone up considerably, Puzder said "franchisees are closing locations" after riding out lease expirations.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: 30employees; california; carlsjr; ceo; cke; closing; economy; fastfood; hardees; hikes; jobs; layoffs; locations; lofan; minimumwage; nojobs; obamacare; zerocare
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1 posted on 05/30/2014 11:53:50 AM PDT by NormsRevenge
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Can I supersize that recession for ya , Mr. Pres__ent?


2 posted on 05/30/2014 11:54:51 AM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: NormsRevenge

Who will be the first biz writer to identify the looming “fast food shortage” ?


3 posted on 05/30/2014 11:55:49 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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profit is evil, yaknow .. unless you’re a rich liebral.


4 posted on 05/30/2014 11:56:06 AM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: NormsRevenge

Economic policy set by people who couldn’t run a lemonade stand for profit.

Oh well—We’ll just have to bide our time until the Big One hits and Caleefornia slides into the Pacific.


5 posted on 05/30/2014 11:57:47 AM PDT by Arm_Bears (Shoot cops that shoot dogs.)
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To: NormsRevenge

But...

but...

but...

All the democrat economic experts said this wouldn’t happen...

I feel so... ...deceived...

/s


6 posted on 05/30/2014 12:00:07 PM PDT by WayneS (Don't blame me, I voted for Kodos.)
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To: NormsRevenge

Hardee’s is coming to New England.


7 posted on 05/30/2014 12:02:04 PM PDT by ExCTCitizen (I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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To: NormsRevenge

Imagine the ever-expanding inner-city food deserts!


8 posted on 05/30/2014 12:02:11 PM PDT by AD from SpringBay (http://jonah2eight.blogspot.com/)
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To: NormsRevenge

I'm shocked.

9 posted on 05/30/2014 12:03:04 PM PDT by Red Badger (Soon there will be another American Civil War. Will make the first one seem like a Tea Party........)
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To: NormsRevenge

Once the states start allowing snap cards to be used at fast food joints, all bets will be off. Imagine 50 screaming gubbmint dependents all trying to order their value meal at the same time. Imagine the fraud opportunities!


10 posted on 05/30/2014 12:03:16 PM PDT by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: NormsRevenge

CLOSED BY ORDER OF DEMOCRATIC PARTY


11 posted on 05/30/2014 12:03:32 PM PDT by PieterCasparzen (We have to fix things ourselves)
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To: NormsRevenge

People who advocate raising the minimum wage don’t have a clue. If you want to have some fun, ask a liberal if they support a $10/hr minimum wage. When they say yes, ask them if they would support a $50/hr minimum wage. If they say no, ask them where the line is between stupid and doable. If they say yes, tell them to get out of the gene pool.


12 posted on 05/30/2014 12:04:00 PM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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To: ExCTCitizen

Delicious!....................

13 posted on 05/30/2014 12:04:03 PM PDT by Red Badger (Soon there will be another American Civil War. Will make the first one seem like a Tea Party........)
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To: NormsRevenge

Moochelle is pleased.


14 posted on 05/30/2014 12:04:52 PM PDT by Gamecock (#BringTheAdultsBackToDC)
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To: NormsRevenge

Can we get Roy Rogers back then, Hardees?


15 posted on 05/30/2014 12:05:28 PM PDT by Phillyred
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To: NormsRevenge

Less fast “junk” food - The Mooch should be happy. For all those that find themselves without a job as a result, perhaps she could start a soup line at the White House and make soups out of her wonderful, organic veggie garden. I’m sure the WH chef would be willing to put a few soup pots on the burner every day.


16 posted on 05/30/2014 12:05:39 PM PDT by Qiviut (Obama: A Caesar at home & a Chamberlain abroad, dividing the country & uniting the world against us.)
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To: Qiviut

People will learn how to cook at home again and find out how much better it tastes than fast food if a Big Mac with fries is $13


17 posted on 05/30/2014 12:07:50 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: NormsRevenge

Do you think the ordinary low information jerk will see low priced restaurants closing and make the connection between that and the minimum wage?
I think they’re too stupid.


18 posted on 05/30/2014 12:12:51 PM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: NormsRevenge

I love situations like this one. It has three groups of people who deserve all of this grief coming to them. First you have the dumbass employees who think fast food work should pay $15 an hour. Then you have these companies selling grade c meat with sand stuffed in a tortilla and call it food. And then you have the vaunted customers, obese and too stupid to figure out that they are going to make themselves fatter and sicker. I can’t decide who to be more against!


19 posted on 05/30/2014 12:21:06 PM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: FlJoePa
Once the states start allowing snap cards to be used at fast food joints, all bets will be off. Imagine 50 screaming gubbmint dependents all trying to order their value meal at the same time. Imagine the fraud opportunities!

Already accepted at most fast food joints in California. No screaming hordes, but most restaurants have put up no loitering signs.

20 posted on 05/30/2014 12:23:02 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: NormsRevenge

More”Proof”that Obongo and his DemonRats LOVE YOU!!!


21 posted on 05/30/2014 12:28:19 PM PDT by bandleader
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To: GeronL

People will learn how to cook at home again and find out how much better it tastes than fast food if a Big Mac with fries is $13

**************************************

Personally, I think we should return to Victory Gardens again. At the time (WWI, WWII) “around one-third of the vegetables produced by the United States were from victory gardens.” Evidently, The Mooch’s kitchen garden is modeled after this, but I think a good old fashioned garden, getting out in the sunshine and digging in the dirt, plus growing/knowing what you eat is a good thing. If you want to fry any of it or jazz it up (eggplant, fried green tomatoes, stir fried veggies, banana peppers stuffed with cheese, wrapped in bacon & broiled), then that’s just fine with me as well (Mooch would definitely disapprove, which makes it all the more fun).


22 posted on 05/30/2014 12:28:34 PM PDT by Qiviut (Obama: A Caesar at home & a Chamberlain abroad, dividing the country & uniting the world against us.)
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To: NormsRevenge

On the other hand, In-n-Out starts employees at $11/hr., retains employees better and are routinely very busy. Maybe it says something about their respective business models.


23 posted on 05/30/2014 12:32:09 PM PDT by Bubba Ho-Tep ("The rat always knows when he's in with weasels"-- Tom Waits)
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To: GeronL
... how much better it tastes than fast food if a Big Mac with fries is $13
I think the going rate is about $7.
I eat a double quarter-pounder w/ cheese at least 2-3 times a month. Ummmm, good.
24 posted on 05/30/2014 12:34:57 PM PDT by oh8eleven (RVN '67-'68)
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To: Arm_Bears

These are the type of people that get on city councils and ban lemonade stands.


25 posted on 05/30/2014 12:36:46 PM PDT by Fledermaus (Conservatives are all that's left to defend the Constitution. Dems hate it, and Repubs don't care.)
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To: Bubba Ho-Tep

They also have very few outlets.


26 posted on 05/30/2014 12:38:47 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Bubba Ho-Tep
In-n-Out starts employees at $11/hr

Close, it is actually $10.50 but I believe you are right about their business model. They do not have refridgerators, nor do they have microwaves. Thier menu is far more Spartan than anyone else and they do not offer Wi-Fi.

27 posted on 05/30/2014 12:39:18 PM PDT by rjsimmon (The Tree of Liberty Thirsts)
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To: Bubba Ho-Tep

On the other hand, In-n-Out starts employees at $11/hr., retains employees better and are routinely very busy. Maybe it says something about their respective business models.


Not to mention, employees are very friendly, they triple check your order, and the food is as fresh, as can be. Your hamburger was “mooing” earlier in the week, and if the line is long enough, the potato you see being chopped up, will be your french fries. I can’t say enough good things about these guys ! Thanks ! :)


28 posted on 05/30/2014 12:41:07 PM PDT by jttpwalsh
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To: NormsRevenge

I completely support a $15 minimum wage, which is what Seattle is trying to mandate.

America has deliberately imported 20 million low skill LEGAL immigrants since 1986.

Also, American government has deliberately refused to enforce the laws against the 12 million ILLEGAL immigrants who already reside in our country.

The Republican Party and Democrat Party have deliberately created a MASSIVE oversupply of low skill labor.

That fact alone has crushed “normal” wages for low skill native born Americans.

A $15 minimum wage will bring millions of native born Americans back into the workforce.

And it will completely destroy the political and economic rationale for massive LEGAL immigration.


29 posted on 05/30/2014 12:42:45 PM PDT by zeestephen
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To: rjsimmon

Go ask one of those illegal migrant agri workers what they are being paid, talk about a double standard!


30 posted on 05/30/2014 12:43:06 PM PDT by DocJhn
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To: rjsimmon
"Close, it is actually $10.50 but I believe you are right about their business model. They do not have refridgerators, nor do they have microwaves. Thier menu is far more Spartan than anyone else and they do not offer Wi-Fi."

There's a place like that in the Seattle area - Dick's Drive In - that pays a couple of bucks an hour more than other fast-food chains. There are about six-seven locations, and only one is a sit-down restaurant, the others are exclusively takeout or eat-in-car. The menu basically hasn't changed in 50 years - 4 burger variants, fries, shakes, and cones (maybe sundaes, too). They always seem to be busy.
31 posted on 05/30/2014 12:50:54 PM PDT by Steve_Seattle
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To: Harmless Teddy Bear

290 outlets in five states.


32 posted on 05/30/2014 12:51:43 PM PDT by Bubba Ho-Tep ("The rat always knows when he's in with weasels"-- Tom Waits)
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To: rjsimmon

I read somewhere that none of the other burger chains can figure out how they do it. The fact that their menu has basically five items just baffles their competitors.


33 posted on 05/30/2014 12:55:43 PM PDT by Bubba Ho-Tep ("The rat always knows when he's in with weasels"-- Tom Waits)
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34 posted on 05/30/2014 12:56:17 PM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: zeestephen

I completely support a $15 minimum wage, which is what Seattle is trying to mandate.


Respectfully, it took me over 30 job applications in ‘74 to land a minimum wage job, at $2.01/hour, even though I had a proven track record of delivering newspapers, for six years. My teenage nephews live in Seattle, the older one (17) has been told that he will lose his job, when the wage goes up, and the younger one (15) has small hope of catching the “bottom rung on the employment ladder”.

I totally understand your point about the illegal angle, but the other side of the same coin, is, our own unskilled youngsters, who, frankly, aren’t worth that money, to an employer.

Thanks.


35 posted on 05/30/2014 1:08:06 PM PDT by jttpwalsh
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To: Bubba Ho-Tep
Very few.

McDonalds 33,000 outlets and 121 countries.

Burger King 13,000 outlets and in 79 countries

Wendy's 6,650 outlets and in 10 countries

Hardee's 3,141 outlets in 42 states and in 14 countries

Chick-fil-A 1,700 outlets in 38 states

36 posted on 05/30/2014 1:12:50 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Qiviut

Personally, I think we should return to Victory Gardens again. At the time (WWI, WWII) “around one-third of the vegetables produced by the United States were from victory gardens.”


I agree with you, many cities and towns have regulations against large gardens however. It’s so sad that we now live it such a heavily-regulated country. And now the Feds are working on taking over all of the local water sources they can.


37 posted on 05/30/2014 1:14:51 PM PDT by The Working Man
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To: zeestephen

What do you think will happen to those franchises that overpay for their labor?

You may be a conservative, but you do not reason like a capitalist. Frankly, there is not much difference when it comes to the economic philosophies of socialists and big government conservatives.


38 posted on 05/30/2014 1:15:20 PM PDT by neocon1984
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To: NormsRevenge

Lots of room in Texas. Bring your corporate office here while your at it, we’re open for business.


39 posted on 05/30/2014 1:27:00 PM PDT by 12th_Monkey (One man one vote is a big fail, when the "one" man is an idiot.)
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To: NormsRevenge

I see a booming business in self order kiosks.


40 posted on 05/30/2014 1:29:01 PM PDT by Sequoyah101
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To: neocon1984

Re: “What do you think will happen to those franchises that overpay for their labor?”

(1) They will improve management.

(2) They will adjust their business model and product mix.

(3) They will purchase new software and labor saving devices.

I come from five generations of small business owners.

Money has always been our #2 concern.

What’s #1?

Personal independence, being your own boss.

Most business owners would contemplate suicide before giving up and going back to work as an employee for someone else.


41 posted on 05/30/2014 1:37:24 PM PDT by zeestephen
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To: NormsRevenge

Destroying jobs is all part of the Democrats’ plan to make the entire population dependent on govt.


42 posted on 05/30/2014 1:38:23 PM PDT by Seruzawa (Gully Foyle is my name, and Terra is my nation)
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To: DocJhn

“Go ask one of those illegal migrant agri workers what they are being paid, talk about a double standard!”

Most of them make $100-$150 a day, but they work their ass off for it.


43 posted on 05/30/2014 1:46:37 PM PDT by Beagle8U (Unions are an Affirmative Action program for Slackers! .)
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To: Harmless Teddy Bear

Well thankfully they are here in Texas now.


44 posted on 05/30/2014 1:49:04 PM PDT by dfwgator
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To: dfwgator
Enjoy!

I never found them to be "all that".

Now I can take you to a local diner that has really good burgers if you are ever in my area and you don't even have to stand in line.

45 posted on 05/30/2014 1:54:49 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Sequoyah101

Pizza in 2 minutes via a vending machine.... Other variations won’t take long
and then the need for onsite labor will be gone.

http://wonderpizzausa.com/


46 posted on 05/30/2014 1:57:17 PM PDT by deport
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To: Orangedog

“I love situations like this one. It has three groups of people who deserve all of this grief coming to them. First you have the dumbass employees who think fast food work should pay $15 an hour. Then you have these companies selling grade c meat with sand stuffed in a tortilla and call it food. And then you have the vaunted customers, obese and too stupid to figure out that they are going to make themselves fatter and sicker. I can’t decide who to be more against!”

Why pick? They all deserve what’s coming with the exception of quality FF companies like In N’ Out Burger. There is so little real meat in a Mikey D’s burger that it should qualify as a “vegetarian” burger.


47 posted on 05/30/2014 2:04:17 PM PDT by vette6387
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To: NormsRevenge

Fantastic! This is what capitalism is all about.


48 posted on 05/30/2014 2:09:31 PM PDT by upchuck (Support ABLE, the Anybody But Lindsey Effort. Yes, we are the ABLE!!)
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To: NormsRevenge

I’m all for $15 and hour min wage. Then let them complain.

They will no longer get all, their taxes back.They will be PAYING taxes.
They no longer qualify for Section 8 housing.
They no longer qualify for SNAP benefits.
They no longer qualify for credits to pay their light and heating bills.
They no longer qualify for subsidized health care.
They no longer qualify for an Obama phone.

Yea pay them $15 a hour!!!!!


49 posted on 05/30/2014 2:32:54 PM PDT by amigatec (The only change you will see in the next four years will be what's in your pocket.)
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To: NormsRevenge
California, was third, now shooting for 578th top global economy...

Ramirez's latest political cartoon LARGE VERSION
05/30/2014: LINK  LINK to regular sized version of Ramirez's latest, and an archive of his political cartoons.

In this political cartoon, Ramirez presents, "Obama: Foreign Policy"



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50 posted on 05/30/2014 2:56:34 PM PDT by DoughtyOne
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