Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • Special Report: FOOD SHORTAGE: Crazed Hoarding Is Not Preparing
    • Your Survival Guy’s Super States
    • Constitutional Carry
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
    • Your Survival Guy: Make Your Bed and The Hero Code
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • January 2023: Stacking Wood and Compounding Money
    • December 2022: Your Survival Guy Prefers Bombardier’s Global Express 7500
    • November 2022: Arriving in Style at Le Bristol Hotel, Paris
    • October 2022: Sink Your Teeth into These Bond Yields
    • September 2022: Do You Have the 7 Habits of Highly Effective People?
    • August 2022: “Watch This Boat off Our Stern,” My Dad Said “He’s Coming in HOT”
    • July 2022: MONEY TALKS: Your Survival Guy’s Best Service in Paris
    • June 2022: “I’ve Been with Richard Young for Over 30 Years Now”
    • May 2022: Survive “If You Fail to Plan, You Plan to Fail”
    • April 2022: Dream On! Fishing the Double Down in Key West
    • March 2022: Your Survival Guy Hears the Craziest Investing Stories
    • February 2022: Your Survival Guy’s 2022 Super States
    • January 2022: The Least Affordable Housing Market in the U.S.
    • December 2021: Listen Your Survival Guy is not “Mr. Peanut”
    • November 2021: Joe Biden is Weaponizing Your 401(k) Against You
    • October 2021: Time to Get Your Lazy Cash Off the Couch
    • September 2021: What’s Your Survival Guy Investing in Right Now?
    • August 2021: To Where Will You Flee?
    • July 2021: This Bubble’s Popped Baby
    • June 2021: Your Survival Guy’s Summer Job, Inflation & You
    • May 2021: You’re Telling Me Friends Ask You This Question
    • April 2021: Is There One Best Place in America for ‘Liberty Retirees?’
    • March 2021: America’s Growth Corridors
    • February 2021: Troops in D.C. & Your Authoritarian Virtual Panopticon
    • January 2021: Are You Ready for The Great Reset?
    • December 2020: Disaster Prep in Our Newport Bunker and Your Survival
    • November 2020: Election 2020 Edition: Stock Market is Predicting a Trump Win
    • October 2020: You Invest They Win, AGAIN
    • September 2020: Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
    • August 2020: The Clock is Ticking: You Must Protect Your Family
    • July 2020: What Will Her Life Be Like Now?
    • June 2020: Your Survival Guy’s Home (and Money) Protection Plan
    • May 2020: Future Look at Covid-20, or the Next Deadly Virus
    • April 2020: Only Trump Saw the Risk in America’s Relationship with China
    • March 2020: Coronavirus Infects Stock Market
    • February 2020: Escape the City: Live Small, Cheap, and Safe in America
    • January 2020: Is Your Cash Safe? Probably not This Safe
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

California’s Unions Are Trying to Strangle Ronald McDonald

June 10, 2022 By E.J. Smith - Your Survival Guy

Ronald McDonald with Rodolfo Oppenheimer. November 16, 2012. Photo courtesy of U.S. Embassy Uruguay

You won’t find a state any better at discouraging business than California. Unions are pushing the state’s legislature to craft new laws that will force parent companies to take responsibility for more of what franchisees do, leaving them less likely to build new franchises. It doesn’t take too much thought to see how this will hurt job creation. The Wall Street Journal reports:

Democrats claim fast-food restaurants pay “poverty wages,” and the legislation directs the council to “supply the necessary cost of proper living to fast food restaurant employees.” According to MIT, the “living wage” in California for single adults is $21.82 per hour. Workers can thank progressive policies for their sky-high energy and housing costs.

Restaurants that mistreat workers, or don’t pay enough to keep them, wouldn’t prosper for long, especially in today’s historically tight labor market. And statewide employment in fast-food and takeout dining is up 3.3% from pre-pandemic levels while overall jobs in leisure and hospitality are down 8.6%.

Beyond higher wages, the council could also require expansive health and fringe benefits such as paid vacation even for workers who don’t work full-time. It could even require restaurants to pay overtime to workers who log more than 30 hours a week instead of the 40 mandated by state law.

Franchisees would struggle to manage payroll costs since corporations often set price ranges for items. But note that the council’s powers would extend beyond pecuniary issues. For instance, the council could mandate disclosure of pay based on racial or gender categories. Unions will surely demand that business owners be required to let them into their restaurants to train, er, organize workers.

The bill would also deem corporations that operate on the franchise model to be joint-employers, so they would be on the hook for the labor violations of individual franchise operators. This would discourage companies like McDonald’s and Carl’s Jr. from offering new franchise agreements in the state, especially to entrepreneurs with little business experience. That may be the goal.

The Center for American Progress, which has endorsed California’s legislation, says the franchising model “tends to drive down labor standards” and the council’s “recommended standards can ensure that high-road firms that want to provide good wages and benefits are able to do so profitably and are not undercut by low-road companies providing poverty-level compensation.”

“High-road” firms? One guess about what it would take to meet that test—simply let the Service Employees International Union organize your workers. Arizona is looking better as a business alternative all the time.

Action Line: States outside of America’s Growth Corridors more often seem to be working against business than for it. Leaders in those states seem to want to harm businesses and suppress growth, even at the expense of residents. If you live in a state like that, you should look for a better America, today. Start with my Super States. If you are the kind of person who needs an extra push, click here to sign up for my free monthly Survive & Thrive letter, and I’ll motivate you to make the right decisions for you and your family, today.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • 4 Life Changing Words for Your Survival Guy: “You Should Try This” - January 26, 2023
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM - January 25, 2023
  • Welcome to Hotel California, Where You Can Never Leave - January 25, 2023
  • What You’re Telling Me Matters - January 24, 2023
  • The Rich Seek More from Bank Accounts - January 24, 2023

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Money 101

Trending

  • Invest with Peace of Mind and Comfort
  • LOSING POWER: Your Survival Guy's Nightmare Scenario
  • The Importance of a Balanced Portfolio
  • Stocks Go Up and Down: Get Paid Along the Way
  • The World Economic Forum's Record of Destruction
  • Don’t Worry, I Won’t Tell Them Our Secret
  • Don't Let Your Lazy Cash Eat all Your Food
  • WATER STORAGE: California's Missed Opportunity
  • Hey, Where'd All the Moving Vans Go?
  • Your Survival Guy's 2022 Super States

Must Reads

  • Why You Can’t Afford to Miss the Boat
  • CRIME WAVE: A Top Cop Shouldn’t Have to Ask His City for This
  • GAME ON! Lessons from Street Hockey on Baker Lane
  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • GET PAID: How To Invest in Biden’s Inflationary Market
  • Get Out the Map, Make a Plan, and MAKE IT HAPPEN
  • Your Survival Guy at Fidelity and Your RMD Compliance
  • Why Mutual Funds and ETFs No Longer Work
  • BIDEN-FLATION: Here’s Why Prices Are Up At Your Favorite Restaurant
  • Bad Guy with a Gun STOPPED by Good Woman with a Gun
Only if You’re Serious
Crazed Hoarding Is not Preparing
How to Save Rainwater Effectively
Your Survival Guy in Paris
Your Survival Guy's Fishing Stories
Financial Independence, Retire Early
Money 101
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
How Can You Save Money for Your Grandchild
Great Reset
See Who's Missing the Boat
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Island Life

Copyright © 2023 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.