this post was submitted on 01 Oct 2023
236 points (98.0% liked)
Antiwork
8273 readers
3 users here now
-
We're trying to reduce the numbers of hours a person has to work.
-
We talk about the end of paid work being mandatory for survival.
Partnerships:
- Matrix/Element chatroom
- Discord (channel: #antiwork)
- IRC: #antiwork on IRCNow.org (i.e., connect to ircs://irc.ircnow.org and
/join #antiwork
) - Your facebook group link here
- Your x link here
- lemmy.ca/c/antiwork
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Ok. Looks like you're using gross profit while I'm using net profit. And I'm not including franchises like McDonalds or Wendys because most of the profits are from franchise fees and the raw products that their franchisees have to buy at a markup. They also don't have employees that rely on tips and their portions tend to be smaller than a meal at, say, a Denny's which does use employees that rely on tips.
I'm using net profit. Clearly you didn't even bother to check the source.
I did pull up the link and it only showed the profits from a single corporation that owns Burger King and Popeyes. Brinker who owns Chili's and Maggianos has a net profit of 2.48%, Denny's has a net profit of 8.25%, Dine Brands which owns Applebee's and IHOP has a net profit of 9.03%. And these are established restaurants that have been around a long time.