Pizza Hut franchisees lay off more than 1,200 delivery drivers in California as restaurants brace for $20 fast-food wages
Pizza Hut franchisees lay off more than 1,200 delivery drivers in California as restaurants brace for $20 fast-food wages
PacPizza, a Pizza Hut franchisee, plans to lay off its entire fleet of delivery drivers ahead of California's wage increases for fast-food workers.
You're viewing a single thread.
We repurchased 10 million shares totaling $1.2 billion at an average price per share of $119.
They are just greedy. They have the money, but giving the money to the rich is evidently more important.
You think the franchise owners repurchase shares ?
You have failed to understand. I can't help you with that.
Maybe be more clear. What does a stock buyback have to do with a franchise laying off people because of cost? the two are unrelated.
He doesn't understand what a franchise is or how they work. He thinks every pizza hut restaurant is owned by pizza hut.
No I do not. Try to address the actual problem instead of insults.
Y'all are incapable of understanding that franchises pay out to the parent company. The money the parent company gets has to come from somewhere. If you guys can't understand that, then that's on you.
You claim to understand how franchises work but your comment says otherwise.
How much do you think franchises pay in fees to pizza hut?
How much do you think it will cost the average restaurant to pay delivery drivers the 30% wage increase?
Did I say all of the greed comes from this particular stock buyback? Did I say all of the greed comes from franchise fees? No. Try thinking it through.
Surprise surprise you couldn't answer my questions.
Not sure he understand they’re not employees of Pizza Hut. They’re employees of the franchise. I also don’t think he understands how low margin food is. If an employee doesn’t generate enough value they are gone. It’s not a charity.
Pizza hut corp is not the frachisees. Its stupid, and greedy, but the franchisees are fucked in this situation.
I am aware. That financial release is from Yum Brands, which owns Pizza Hut. The franchise owners have to pay Yum Brands to be a franchisee.
None of which changes the fact that this event is a result of corporate greed. If Yum wasn't so greedy, the franchize owners could afford it. So as a whole, as an entire organization they are quite capable of paying a $20 wage. But they aren't, because of greed.
Umm.. no. They couldn't afford it and got rid of the employees. Businesses are not charities. If the employees created 20 dollars an hour in value, they would have been kept. They didn't. So they will be let go. Laws have consequences
They couldn’t afford it and got rid of the employees.
Bullshit. Mcdonalds pays ~$22/hr in Denmark. If they can afford it there, they can afford it here.
Inb4 anybody bitches about firings: https://www.businessforafairminimumwage.org/resource/research-shows-minimum-wage-increases-do-not-cause-job-loss
Inb4 anybody bitches about inflation: https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp
Thank you for the additional evidence to prove that the idea that a wage hike to $20/hr is quite possible.
The number of people around here licking the boots of the rich is ridiculous.
You sound silly when you say bootlicking.
So you are fine with non minimum wage like Denmark? You are also fine with almost no full time workers like the McDonald’s in Denmark ? You’re also fine with those wages being taxed at a much higher rate on those workers?
Are you capable of having a conversation without attempting to put words in people's mouths?
Who do liberals make things up and whine so much? I asked you a question. Not sure why you find a question mark so confusing.
As the article points out, the employees are mostly PT, they have no minimum wage and they pay about 35% in taxes.
Businesses are not charities.
I am not suggesting that they be charitable. I am saying that they ought to pay a living wage, the bare fucking minimum.
They are. That means eliminating positions that don't justify the wage.
In this case it did. They can outsource it cheaper. So they did.