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.
As far as I can tell, it’s not “franchisees”, it’s a corporation that owns all the franchises. Looks like a political stunt to oppose the new $20 per hour law.
No. The title is clear. It’s a franchise.
The way Pizza Hut works is they create the idea the. License it to a franchisee. Pizza Hut owns very few stores.
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.
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.
This is the completely obvious result of forcing wages higher than what is sustainable. Marxist libtards do not understand economics.
I’m not opposed to a livable wage. What I am against is this stupid idea. Little places are excluded. Basically only large chains are required to follow it even though most are franchises.
Bakers are excluded. It’s just stupid even if you agree with the intent
Again it’s the not understanding economics. Not understanding that the market is a signal conducting medium, and that its success depends on those signals propagating, and that price controls destroy the signal conduction.