Skip to comments.Fast food CEO: Minimum wage hikes closing locations
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 ...
Can I supersize that recession for ya , Mr. Pres__ent?
Who will be the first biz writer to identify the looming “fast food shortage” ?
profit is evil, yaknow .. unless you’re a rich liebral.
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.
All the democrat economic experts said this wouldn’t happen...
I feel so... ...deceived...
Hardee’s is coming to New England.
Imagine the ever-expanding inner-city food deserts!
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!
CLOSED BY ORDER OF DEMOCRATIC PARTY
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.
Moochelle is pleased.
Can we get Roy Rogers back then, Hardees?
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.
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
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.
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!
Already accepted at most fast food joints in California. No screaming hordes, but most restaurants have put up no loitering signs.
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