An interesting take: the government is proposing minimum wage standards for gig workers. The paper went with ‘Now you might have to pay up to $15 to get fast food delivered’.
An interesting take: the government is proposing minimum wage standards for gig workers. The paper went with ‘Now you might have to pay up to $15 to get fast food delivered’.
i used to work in fast food management, food cost and labour cost used to run at about 30% each on average.
if labour cost went up 10% suddenly (yeah right), the businesses total expenses would have increased by a massive 3%. So you’re $12 big mac meal would need to rise to $12.36 to keep up with the increased cost.
When was the last time any of us saw such a small increase in anything when it goes up? And when was that due to increased labour?