Thursday, September 1, 2022

Your $11.99 Happy Meal...

I just got back from paying $9.49 for my $5.99 Happy Meal. 

I've been warning about this for years, lest we see our drive-thrus turn into "no-thrus."

And now to put further pressure on an important part of our economy, Taxifornia's Far-Left, Democrat-Controlled Legislature just passed the new "Food Council Law."  If our oily puke Gov. Newsom elects to sign it, and I see no reason why he wouldn't (big donors!), it would put 10 appointed bureaucrats, with only 4 coming from the food industry, in charge of setting the pay and work rules for a half-million fast food workers in California.  What could possibly go wrong?

And they can start by setting hourly pay at up to $22.00 an hour, and then increase it up to 3.5% each and every year for up to 10 years.  Does your work offer that sort of deal?  For unskilled casual workers?  Who were earning $15.00 an hour just last year?  

I might mention about here that the Service Employees International Union has been working for more than 15 years in an effort to try and force fast food giants like MickeyD's and Burger King to pay their workers more, so they could begin charging them union dues.  They've spent more than $60 Million Dollars of their members' dues in this effort.  You may have heard that union participation is at an all-time low, and this is them farming an entirely new source of membership.  Of course, these newly-enriched min-wage types would now bump up into a higher income tax bracket.  So by earning more, they'd be subject to income taxes in addition to their dues!  This would leave them pretty much at a wash.  But leaving the SEIU way, the union of hotel maids, waaay ahead.

And now they've found a way to do it.  Using our Gubmint as their change agent.  

So let's see now.  Fast food joints average a 3% - 5% after-tax profit margin.  Only.  By doubling, and in some cases tripling, their single largest cost of doing business, which is labor, they'll have no choice but to dramatically hike rates.  Dramatically.  And sometimes weekly!  That's why a $5.99 Happy Meal now costs $9.49.  And it's be $11.99 next month.

Think about this: our employee who's now making all this great new money won't be able to buy a Happy Meal from his own employer.  And neither will we!  But he'll now be paying income taxes, making Joe and his Band of Sycophants happy as a clam.  

And the SEIU will be doing just fine, thank you!

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