cowpowered@lemm.ee to politics @lemmy.world · 1 year agoUS economy going strong under Biden – Americans don’t believe itwww.theguardian.comexternal-linkmessage-square304fedilinkarrow-up1685arrow-down148
arrow-up1637arrow-down1external-linkUS economy going strong under Biden – Americans don’t believe itwww.theguardian.comcowpowered@lemm.ee to politics @lemmy.world · 1 year agomessage-square304fedilink
minus-squarepjhenry1216@kbin.sociallinkfedilinkarrow-up30arrow-down84·1 year agoWorkers wanted an increase in pay, so shareholders needed to offset that by even more. Workers can’t get a raise without shareholders getting a raise. Inflation is majority driven by profit, not wages. Dems barely attack that angle. Republicans actively work against it.
minus-squareWet Noodle@sopuli.xyzlinkfedilinkarrow-up29arrow-down7·1 year agoYeah except the workers never get the increase in pay you tool. Both Dems and Republicans in office actively help this happening, progressive Dems are the ones that give a damn
minus-squareAngry_Zombie@lemmy.worldlinkfedilinkarrow-up13arrow-down1·1 year agoThat burger was probably 2 dollars of ingredients before profit
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up1arrow-down2·1 year ago$2 ingredients, $55 labor, $2 profit most likely
minus-squareSCB@lemmy.worldlinkfedilinkarrow-up3arrow-down8·1 year agoRestaurants have among the lowest profit margins of any industry.
minus-squaredeadsenator@lemmy.calinkfedilinkarrow-up10·1 year agoI know by definition “restaurant” can be a fast-food place, but genuine restaurants are what you meant. Fast-food joints do not operate this way.
minus-squareSCB@lemmy.worldlinkfedilinkarrow-up5arrow-down1·edit-21 year agoEven BKs margins of 18% do not account for a $28 markup, as was suggested above. You are correct that I was misattributing casual dining margins tho. That was a neat rabbit hole I went down.
Workers wanted an increase in pay, so shareholders needed to offset that by even more. Workers can’t get a raise without shareholders getting a raise.
Inflation is majority driven by profit, not wages. Dems barely attack that angle. Republicans actively work against it.
Yeah except the workers never get the increase in pay you tool. Both Dems and Republicans in office actively help this happening, progressive Dems are the ones that give a damn
That burger was probably 2 dollars of ingredients before profit
$2 ingredients, $55 labor, $2 profit most likely
Restaurants have among the lowest profit margins of any industry.
I know by definition “restaurant” can be a fast-food place, but genuine restaurants are what you meant. Fast-food joints do not operate this way.
Even BKs margins of 18% do not account for a $28 markup, as was suggested above.
You are correct that I was misattributing casual dining margins tho. That was a neat rabbit hole I went down.