Labor shortage or terrible jobs?

Re:Labor shortage or terrible jobs? by ericbarrett on Friday April 30, 2021 @05:27PM (#26999588)

What about franchise fees? Independent fast food restaurants basically don’t exist in the U.S. anymore. An individual McDonalds may be scraping the boundary of profitability, but corporate had a net income of $1.5B last quarter[0], or about $7,500 per employee per quarter[1]. That’s net income, not revenue.

[0] https://corporate.mcdonalds.com/content/dam/gwscorp/assets/i...

[1] https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/numb...

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Re:Labor shortage or terrible jobs? by simfree on Friday April 30, 2021 @05:52PM (#26999843)

Dicks, Burgerville (mostly unionized), Burgermaster, In N Out and other regional chains exist, along with a plethora of single location independent fast food restaurants.

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Re:Labor shortage or terrible jobs? by ericbarrett on Friday April 30, 2021 @06:05PM (#27000006)

All those regional chains you mentioned pay significantly better than McDonalds, YUM, etc. as well.

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Re:Labor shortage or terrible jobs? by simfree on Friday April 30, 2021 @08:22PM (#27001477)

Yes, the point of most franchised chains is to extract wealth from communities rather than invest in a stable, skilled workforce delivering a good product.

McDonalds, YUM Brands, et all charge large franchise fees and force use of particular vendors and business practices to ensure they extract as much income as possible from their franchisees.

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Re:Labor shortage or terrible jobs? by ericbarrett on Sunday May 02, 2021 @01:52PM (#27017252)

Then we are in agreement!

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Re:Labor shortage or terrible jobs? by nimos on Friday April 30, 2021 @08:24PM (#27001492)

~200,000 is number directly employed by McDonalds. They have 5-10% of stores. There doesn't seem to be a current accurate number for total including franchisees - but seems to be in the 1.5 - 2 million range.

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Re:Labor shortage or terrible jobs? by fallingknife on Friday April 30, 2021 @08:39PM (#27001620)

I feel like there's never been more independent (or local chain) burger joints, food trucks, and just fast food in general.

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