/biz/ - Business & Finance

>>29839133
>>29839062
>>29844707

How come every time this comes up a bunch of people that have never looked at a fucking balance sheet are suddenly experts on labor margins? 30% is industry standard for labor in restaurants/ fast food. So, for every 99c jr bacon cheese burger about 30 cents goes to labor. If EVERY SINGLE EMPLOYEE at Jack-in-the-Box is currently getting paid $7.50 and they all get a raise to $15 the price of the jr bacon cheese burger would have to go to $1.30 to offset the change in labor $. The MARGINS would look shitty but the total net operating income would be the same.

Obviously not everyone at jack-in-the-box makes $7.50, probably way less than half of labor $ goes to minimum wage employees. A realistic price increase for a $15 min wage is probably something like a 15¢ increase per dollar spent by customers. SO you'd have to pay a whole $1.15 for a jr bacon cheese burger to have everyone there make a livable wage. Oh no, the fucking tragedy.