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You're citing gross profits, when what you actually want to look at is net income, no? For 2022 that was about 6 billion. So now we're talking about a 12.5% in
by gptgpp 4y ago
You're citing gross profits, when what you actually want to look at is net income, no? For 2022 that was about 6 billion.
So now we're talking about a 12.5% increase in wages, in exchange for the entirety of the net profits.'
The best part is that it is common practice not to give people full-time hours so that they don't qualify for benefits. So I imagine of those 2M employees, a huge amount aren't exactly getting a living wage even after that 12.5% increase.
- sudosysgen 4y agoSure, but then add on the franchisees profits and the land appreciation, and you're pretty damn near to a living wage from surplus alone.
- lamontcg 4y ago> You're citing gross profits, when what you actually want to look at is net income, no? No, for one thing net income is after taxes, if that had been paid out in wages the taxes wouldn't have been assessed.
- vineyardmike 4y ago> The best part is that it is common practice not to give people full-time hours so that they don't qualify for benefits Gross profits are fine. We’ll leave the 25%. If people aren’t working full time (which was assumed in the calculation) then that means it’s >25% increase in salary. Seems pretty life changing to those employees tbh. Imagine a 25%-50% raise? Life changing to someone who is intentionally denied work so they can be denied benefits.