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Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

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Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#211

Post by cortesoft »

xwdv wrote: post #177
bo1024 wrote: post #40

Earlier quoted context omitted.

A universal basic income would have some advantages over a minimum wage. Minimum wage interferes with supply and demand in the labor market, which is why some economists dislike it. UBI moves the supply curve to a different place, but it allows those principles to function.

UBI won’t do anything I’m afraid, that experiment already failed during the pandemic and now we have massive inflation across all assets.

Umm, there might have been a FEW confounding factors during the pandemic that makes the conclusion not as clear as that.

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#212

Post by rileyphone »

Title is wrong, wasn’t a corporate executive but instead “Wayne Pankratz, executive director of operations for Applebee’s franchisee Apple Central LLC”, from franchisee that has 47 locations, out of 1787 total. In conclusion, this was corporate sabotage by Chili’s.

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#213

Post by [deleted] »

quantum_magpie wrote: post #64
endisneigh wrote: post #3

I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh

>two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. My immediate reaction to this statement was.. it's insane? In my opinion it should read 'a single person able to afford a 1 bedroom apartment within an hour of public transport commute.' Otherwise it sounds like you don't think anyone should be able to live anywhere reasonable without roommates?

[deleted]

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#214

Post by sonotathrowaway »

eatonphil wrote: post #26

I don't think it's an Applebee's exec it's an Applebee's franchise exec. Unless I'm misunderstanding.

I think the article said it was from a regional manager. That counts as an Applebees corporate exec.

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#216

Post by bun_at_work »

endisneigh wrote: post #3

I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh

Unfortunately, adding complexity to legislation often makes it impassable. This is especially true now, with the increased polarization in our politics.

Some variation of your suggesting is better than what we currently have for minimum wage. However, getting that through congress seems impossible, IMO.

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#217

Post by throwbigdata »

frumper wrote: post #203
dlbucci wrote: post #132

Earlier quoted context omitted.

Or, you know, have a Cost of Living/Inflation adjustment every year. That's such a simple idea to me and it's sort of insane to me that not only is that not something that happens, but no one seems to be even suggesting it (or at least, no politicians are campaigning on it). Hell, adjusting the 70's minimum wage to today's dollars puts it at like $24, so just hearing that, I don't know how it shouldn't be around ther…

Maybe a source? I was curious and using federal minimum wages from either 1970($1.45/hr) or 1979($2.90/hr) would yield less than $12/hr. I know you can contest how inflation is calculated, or use shadow stats, but then you're getting into murky waters. The official numbers are no where near the claim of $24/hr though.

[flagged]

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#218

Post by tinco »

jpcfl wrote: post #174
quantum_magpie wrote: post #64

Earlier quoted context omitted.

>two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. My immediate reaction to this statement was.. it's insane? In my opinion it should read 'a single person able to afford a 1 bedroom apartment within an hour of public transport commute.' Otherwise it sounds like you don't think anyone should be able to live anywhere reasonable without roommates?

>Otherwise it sounds like you don't think anyone should be able to live anywhere reasonable without roommates? I think your confusing "should be able to" with "shall be able to, enforceable by law". I don't expect that a 15 year old working his first job as a fry cook at an Arby's should be compensated enough that he can afford to live on his own. In fact, that could be dangerously disincentivizing his hard work towa…

Well thank Reagan for ruining the honest living wage forcing your lazy ass to go to college instead of wasting your talent as an Arby's fry chef.

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#219

Post by metadat »

profile53 wrote: post #41
toomuchtodo wrote: post #6

Earlier quoted context omitted.

Offtopic: These people are everywhere, which is why policy guardrails to defend against sociopaths is so important.

Agreed. One of the things that surprised me the most working in healthcare was how many people have a flagrant disregard for anything but self interest — even human life. Sadly the policy mechanisms have failed to keep these people out.

Yes, I've been appalled by the pervasivness of the self-interest mentality throughout big healthcare. An unfortunate side-effect of capitalism and top-down management structures. Even if the workers want to do better things, they don't have the power to enact meaningful change within the organization. The health insurance companies are even moreso this way.

Anecdotally, Kaiser is easily the worst offender, not even trying to hide it.

Re: Applebee’s exec urges using high gas prices to push lower wages, sparks walkout

#220

Post by glitchc »

bo1024 wrote: post #40
endisneigh wrote: post #3

I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh

A universal basic income would have some advantages over a minimum wage. Minimum wage interferes with supply and demand in the labor market, which is why some economists dislike it. UBI moves the supply curve to a different place, but it allows those principles to function.

1) UBI is not UBI unless everyone gets it.

2) Any income surplus generated by UBI is rapidly consumed by middle people and rent-seekers. That’s how we get inflation.

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