A quote from this article "Franchisees don’t enjoy the market powers and economies of scale of their parent companies. Rather, they run small businesses with narrow profit margins, high failure rates, and plenty of anti-corporate grievances of their own. Anyone who wants to help immiserated fast-food workers, in other words, also needs to spare a few thoughts for their immiserated bosses."
Friday, March 7, 2014
Franchise Owner's Dream
(3/7/2014) Recently, several cities raised their minimal wages to improve the workers of low-skill jobs. Business like McDonald, Berger King, Papa Johns or UPS local store... are against raising minimal wages and say their franchises will be forced to raise the price. What they said might be true because many franchises are running in a very thin margin. This article has a very good analysis about Franchise business and the lives of being franchise.
A quote from this article "Franchisees don’t enjoy the market powers and economies of scale of their parent companies. Rather, they run small businesses with narrow profit margins, high failure rates, and plenty of anti-corporate grievances of their own. Anyone who wants to help immiserated fast-food workers, in other words, also needs to spare a few thoughts for their immiserated bosses."
A quote from this article "Franchisees don’t enjoy the market powers and economies of scale of their parent companies. Rather, they run small businesses with narrow profit margins, high failure rates, and plenty of anti-corporate grievances of their own. Anyone who wants to help immiserated fast-food workers, in other words, also needs to spare a few thoughts for their immiserated bosses."
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