If the minimum wage was preventing a "race to the bottom", why aren't everyone's wages exactly the minimum wage? History doesn't agree with your theory. The minimum wage was largely instituted after the Great Depression. Workers wages however, had been improving dramatically the entire century before. Here's a chart of an average of 18 different occupation's wages from 1755-1851 in England. WAGES IN ENGLAND 1751-1851 Source Wages rise without any help of the Government. Firms compete for workers the same way they compete for customers.
Although I can't be sure, I'm fairly certain that he does want his employees to be healthy. I've not seen any evidence that leads me to believe otherwise. He probably doesn't offer healthcare because the average person who works at pizza places doesn't require health care. If I'm a healthy College student looking for a job to earn some extra money and I passed both a Papa John's and a Pizza Hut each with a "now hiring" sign. If the Papa John's sign said $10 / hr, and Pizza Hut's sign said $7.50 / hr + health care, I'm likely to apply at Papa John's first. I also haven't heard a SINGLE case of a Papa John's employee dying or falling into disrepair from a lack of healthcare. Honestly I don't know what his motivation is behind not offering a healthcare plan to his employees (if he actually doesn't). I'm speculating just like everyone else. The main thing is that every exchange Papa John's has with society is voluntary, and so is done with the consent of all parties involved. Nothing about Papa John's strikes me as Greedy, Manipulative, Exploitative, or whatever... Everyone is entitled to run their business and spend their money however they think best, as long as they don't agress against anyone or infringe on anyone else's rights.
I'm having a very hard time believing this! I think were missing a zero or two. I know of people with a couple of franchise resaraunts that make more then that.
This is debatable, but I agree with you... I think wages have been flat, or maybe even decreasing since the 70's as well. I'm sure we don't agree on WHY it's happening though. But it's a good question to ask. If wages had gone up consistently, in every industry, for the preceding 200 or so years... Why are they now stagnate? What is different now as opposed to than?
John Schnatter's Forbes Profile $707,000 annual salary. If you count his "bonus", then it's like $1.3 million
i have a very hard time believing that. $75,000 maybe. i suppose if you own two restaurants, and they both bring in a million dollars a year (which is only about the top 5-10% or so, at least as far as pizza places), it may be possible. food and labor costs typically eat up close to 60% of the profits. if you only had the two restaurants you wouldn't have to pay an office staff or upper management, and you only have to pay rent/mortgage plus utilities/insurance/licensing/advertising/franchise fees on two buildings/businesses. so maybe a few super lucky two restaurant franchisees are doing that good, but i'm sure it's very rare. i do agree that papa john is probably making a bit more than that though.
Well if you count investment income, yeah. But surely he doesn't owe his capital gains to his employee's as well does he?
Yup. And Papa John is paying its employees MORE THAN DOUBLE the minimum wage set by the government. I really don't see how everyone is pointing their fingers here. It's like you're all just falling in line spouting what you're told to say. A lot of my friends work in restaurants, bars, and the like......and none of them make $6 bucks an hour, OR get healthcare. In fact, a lot of them get paid ONLY in tips. And they are happy with where they are and what they're doing (mostly). I know several people that work in one particular bar that does not pay they're employees at all. They like working there.
nope, never said that he did. i was actually thinking about it today, and just counting straight income delivering for papa john's was actually the most profitable job i've ever had. when i was a store manager for the same company, i was technically slightly better off, since i had healthcare and wasn't beating up my vehicle nearly as much, but even after accounting for the gas i was using as a driver, i was bringing home about the same amount as a driver and as a store manager. even now i'm making a little less than i was then, and i work for the government. oh, and they don't give me healthcare either.
I guess I can go ahead and throw this out there now too..... I've met John Schnatter on multiple occasions. I don't know him personally, but I know he treats those around him pretty damn good. He tips like a madman and is extremely polite. Frankly, he always seems like a pretty nice fuckin guy
He's a capitalist just looking for attention. I'm not some radical socialist hating on his lifestyle. He's built his own franchise from ground up, worked hard for it, and is ravishing in his fruits of labor. Nothing wrong with that. This is what the "American Dream" was built on. On the other hand the fact that he's acting like an attention-demanding 15-yr-old punk trying to talk about political issues he's probably not even well versed in, whilst overpaying the worker bees in his company, does make him look like a whiney slob and really does need to hush his mouth and stay in his comfy home and provide better customer service and pies. Personally I had a bad experience with his tasteless pies and the delivery boy had a nasty attitude. And this pissed me off since me and my mother were in a high-end hotel after traveling on the road for the last 10 hours in order to catch a cruise ship the next morning so we were really hungry and decided to order despite the outrageous price range on his menu. Never ordered from one of his restaurants again.
not sure if you guys heard, but the election is over. everyone can stop jumping down each others throats and personally attacking each other and start actually having constructive conversations again.
The Papa John's issue extends beyond the election and especially on the reelection of Obama, since PJ's mentioned that if Obama was reelected that it would increase the price of its pizza because the company is against Obamacare.
LOL I remember when Papa Johns was a little pizza joint . Hawking coupons out of the back of the Louisville phone book for $5.00 for a large pizza like so many others. Louisville is the greatest testing ground for franchises. John had access to the best marketers in the busness. Yum brands, Brown&Williamson, and other big names I cant think of now. Pizza's are cheap as hell to make. Easily 900% profit on each pie. Low overhead. Anyone with a good dough and sauce recipe can make it in the pizza business. I used to live and run around Anchorage where he's at. I'm not hating on him. Maybe a little jealous. lol Now if he would open a store that makes Impellizeris'(sp) style pizzas I'd be his best customer! That little pick up/delivery joint has the best pizza in the midwest. Only open a couple hours a night. Anyone know what Papa Johns hook was/is?
Only 2? Well thats why its hard to believe. My friend was in a partnership for 7 dominos and there were people who had more stores than them so I believe its easily possible. The only reason I would doubt it is its unlikely to have that many stores and have them all in good locations.