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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (900265)	11/11/2015 9:23:47 PM
From: Sdgla	1 Recommendation Recommended By i-node Read Replies (1) \| Respond to of 1575421

Whats the unemployment rate amongst teens and inner city youths ? Monthly unemployment rate among teenagers in the United States from October 2014 to October 2015 (seasonally adjusted) This statistic displays the seasonally-adjusted unemployment rate among teenagers in the United States on a monthly basis. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. Unemployment among teenagers (16 to 19 years) stood at 15.9 percent in October 2015. The general unemployment rate by state can be found here, the annual national unemployment rate can be found here.

To: J_F_Shepard who wrote (900265)	11/11/2015 9:32:04 PM
From: one_less	1 Recommendation Recommended By locogringo Read Replies (1) \| Respond to of 1575421

You interested in starting a McDonalds Franchise? Here is some food for thought...pun intended. The movement is not a 50 cent raise, it is for a 15.00 starting wage. The current starting wage to work at McD here is 8.26 for an untrained crew member. The cashier makes more, then the wage goes up more for the crew trainer. Finally the Shift manager starts at 10.22. Summary: You will charge $26.00 for a meal. $2,182,059.00 for a franchise $45,000.00 franchise fee 12.5% royalty If you raise the wage for everyone to 15.00 with no accounting for the higher skilled workers the cost for a McD with 15 employees goes from $257,712 annually to $468,000. Double the costs for supplies also (buns burgers fries etc) for the same reason. That would be near quadruple the cost to produce a combo meal. An average double quarter pounder meal is now going to be priced at around $26.00. The price of a franchise ranges but according to Franchise Mall website we are looking at $2,182,050 for a franchise, $45,000 in franchise fee, and a 12.5% royalty. Where will your customers come from? Less_Curious

To: J_F_Shepard who wrote (900265)	11/12/2015 11:01:40 PM
From: i-node	Read Replies (2) \| Respond to of 1575421

No McD's on the planet operates with 15 employees. But I'll answer the question. An increase of 50c/hr has an actual cost of closer to 80c/hr in real costs, and an employee equivalent is 2080 hours, so each employee cost increases roughly $1600/y, about 40 employee equivalents brings the total to roughly $64,000/year, which is an increase in costs of roughly 9.2% in operating costs, requiring an increase in revenue of roughly 23%. Since this is done in my head without the benefit of a calculator, I would put it at a 20-25% increase in the price of a burger. Now, if you think that doesn't matter, you'd be dead wrong, since we know from ample research that the price elasticity for fast food is just about as high as it get: when the price goes up 10%, demand drops 10% within the relevant range. When demand drops, what happens? PEOPLE GET LAID OFF. You figure it out from there.