News for hackers. Stuff that matters.

A comment on In-N-Out managers earn triple the industry average. Parent comment

Re:In-N-Out managers earn triple the industry average by danielrhodes on Tuesday January 23, 2018 @12:49AM (#16211322)
Usually you hear the “we need to pay our workers low wages” from companies that have very low margin unit economics. McDonald’s for example has a high number of cheap products. Same with Wal-Mart. They need a lot of people to service all the offerings they have. In-n-out has like 5 things on the menu, so they probably need far fewer employees overall. Costco is another example: they carry very few products compared to Walmart and thus need far fewer employees. Guess which companies offer their employees lots of benefits?
[ Parent | on HN ]
Re:In-N-Out managers earn triple the industry average by azernik on Tuesday January 23, 2018 @04:17AM (#16212110)
McDonald's is actually a very bad example; they're famous in the industry for their ridiculously high margins, on the order of 15-20% rather than the medium single digits for most fast food chains.
[ Parent | on HN ]
Re:In-N-Out managers earn triple the industry average by greedo on Tuesday January 23, 2018 @09:08AM (#16213620)
Most McD franchises would kill for 15-20% "margins" depending on how you measure that. At the end of the day, a franchisee usually sees a 10% margin after controllable expenses, and before any taxes.
[ Parent | on HN ]
Re:In-N-Out managers earn triple the industry average by GFischer on Tuesday January 23, 2018 @01:19PM (#16215860)
Which is still pretty good :) . From what I know, stores in popular areas have surprisingly big revenues, I'd love 10% of that (my brother used to work at a store with a million dollars in monthly revenue).
[ Parent | on HN ]
Re:In-N-Out managers earn triple the industry average by danielrhodes on Tuesday January 23, 2018 @04:31AM (#16212151)
Corporate or the individual stores? Most McDonald's franchises are owned separately.
[ Parent | on HN ]
Re:In-N-Out managers earn triple the industry average by mc32 on Tuesday January 23, 2018 @12:59AM (#16211365)
Nothing's keeping McD's or KFC from whittling down their menus. Let's see all our companies pay our workers a decent wage rather than what they have done for the last 30 years, race to the bottom in terms of wages, and ingredients.
[ Parent | on HN ]