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Bernie Sanders Bashes McDonald’s, But His Wage Fight Has a Dirty Secret

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By CCN: Socialist Grumpy Cat Bernie Sanders continued his foolish economic crusade for a $15 minimum wage, ginning up support at a series of Thursday rallies.

Sanders turned his troll-eyes on McDonald’s this time, after previously haranguing Delta Air Lines, Disney, Amazon, General Motors, Wabtec, and Nissan about the minimum wage.

Delta wasn’t going to stand for it, though, and issued a blistering retort to Bernie Sanders.

Want $15? You’ll Be Replaced by a Robot

Claire Sandberg, the 2020 national organizing director for Socialist Bernie Sanders for President, said:

“As Bernie says, this is not just a campaign, it’s a movement. We’re building the largest volunteer army in the nation not just to win the Democratic nomination, but also to mobilize people to show up in key fights where people’s lives and livelihoods are on the line.”

Apparently, neither water-carrier Sandberg nor cranky septuagenarian Bernie Sanders has visited McDonald’s lately.

If they had, they would’ve noticed the increasing number of robot kiosks taking orders, while the more expensive humans have been relegated to handing out the food.

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If they’re smart, those same humans have been brushing up on basic economics and how to improve their skill sets so as not be tied to jobs that pay minimum wage.

Please Tell Bernie Sanders That McDonald’s Doesn’t Own its Stores

The economically-illiterate Bernie Sanders said:

“If Amazon can raise their minimum wage to $15 an hour there is no reason that McDonald’s, a company that took in $1.4 billion in profit and paid its CEO $22 million, can’t pay its workers a living wage.”

But here’s the dirty secret: What the perpetually-constipated Bernie Sanders doesn’t even know is that over 80 percent of McDonald’s stores are franchised. That is, they are owned and operated by hard-working, entrepreneurial Americans who pay a royalty to McDonald’s, and are neither making $22 million per year personally or $1.4 billion annually at their stores.

On the contrary, a store operating at peak efficiency and traffic might net its owner about $153,000 per year. Considering that it cost over $2 million to buy the store, much of that profit goes to servicing and paying down that debt.

Asking those owner-operators to increase their labor costs by 60% from the current minimum wage isn’t a very bright idea, which is again why Skynet is running the ordering kiosks. It won’t be long before the humans are gone from behind the counter, and the food just passes by on a conveyor belt.

Unionizing Will Only Put the Bernie Bros Out of a Job

Alas, Bernie is too busy enjoying life in his three homes to bother understanding how McDonald’s works. He also whips up protests against McDonald’s every few months.

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Socialist Bernie Sanders is also pushing for McDonald’s workers to unionize. The Guardian quoted a Florida McDonald’s worker as saying:

“We’re going on strike to demand union rights. We need a union for basic things like healthcare, a seat at the table and respect. I’ve been working in the fast-food industry for about 11 years.”

Any worker who chooses not to improve his skill set and remain at McDonald’s for eleven years doesn’t deserve respect. He’s not a self-starter, and neither are his “Fight for 15” pals.

Leftists Like Bernie Sanders Are Tone-Deaf

Unionizing won’t make a difference, because McDonald’s owner-operators will just move on to the next person in line in need of a job and tell the union to take a hike.

All of this falls on deaf ears when it comes the tone-deaf Bernie Sanders because this is typical of leftist policy. They crow about improving conditions for one group or another, yet their policy suggestions always make things worse.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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