0:00 there was a clause in the thing that said oh for inous Made bread or something like something so specific where like only Panera was like able to benefit and do it oh my God try to give your honest opinion on this um how do you guys really feel about California's minimum wage going to 20 bucks I think it's been great cuz I'm not here anymore I did not expect that oh what you guys are just evil du I like it I mean that makes sense if you don't live here who gives a Fu I think it's stupid as ████ man I think wait wait what did it jump from it's like 15 to 20 right that's a big jump I think like doing it in stages is probably the best way to if you need to
0:51 do an increase cuz most States they're long overdue for minimum wage but then overall I think the problem is overall economics the way it works is like obviously the business has to fund it somehow right so what are they going to do they're going to cut out hours they're going to cut employees they're going to probably try to like invest in technology like kiosks instead of people that are cashiers so you lose the Personal Touch um you're going to limit like you're going to try to operate your business with one or two guys that are getting paid 20 bucks instead of now you had like 10 jobs there that are getting cut whatever and then you have to raise prices so like there's a there's a overall effect that like you know happens from this but I think for the immediate and for the little guy that's just working there that's like good for
1:41 them but if their job is like cut then that means yeah you get $20 an hour but then now you get nothing an hour you used to have yeah so I don't know man it's it's a tough thing to kind of say like is it a good thing or a bad thing I don't know I think uh it you sound like a mean person when you're when you're like no everyone should get 20 bucks an hour and I think that's kind of the normal sentiment is like why not why can't we get 20 but then you're right the economic educational view of that is you're getting this raise at the cost of your own job security yeah cuz then um the layoffs across the board I'll tell you guys what they are and it's pretty heavy I think it's stupid as ████ it's too hard and too abrupt so from two perspectives one from a small business owner owner perspective uh in 2015 I
2:33 think in La they had an announcement that they were going to scale the minimum wage I think it was going to be a dollar a year or something like that up to like $15 by the time was 2020 mhm so in any type of work environment there is no other boss or management that's going to love you and care about you than a small business owner oh hell yeah right like they they'll they have those afterwork conversations they actually invest in you they want to Mentor you they care about you some of them do Retreats and ████ like that like they really care about the long-term growth so for us um what we were trying to do is how do we scale and I can talk specifically about our gym we're trying to go okay how do we pay our staff 15 bucks an hour cuz that's that's what we want to do and then we came up with a plan only to see the official La notice it's going to be 15 bucks anyways so
3:23 we're like oh my God so now when they get paid 15 bucks an hour they don't feel the staff won't feel the gratitude as much because they don't think that we're actually paying because of all these other things that we did they just go oh that's what La did so now I so my allees is with la I love LA and it creates this really um dysfunctional environment versus if you just leave minimum wage at market value as what it's supposed to do then when the bosses are able to give extra and do those extra things you go oh cool like this place is really taking care of me if not then I'll leave and find somewhere else that is really taking care of me versus when you force people to have to do things it's like it's almost like if we're dating and I'm like you have to take me out on one date of ████ month and it has to be $1,000 California made
4:13 it yeah then it's like do you do it because you love me or like is this Rel like how real is this relationship that part like sucks ████ ass and then the other part is of course what Joe says like whatever you scale here gets scaled on the back end so I mean we saw ████ those In-N-Out posts right it's like everything went up by 50 Cent or 15 cent so if if minimum wage goes up to 20 bucks your ████ Camry is going to be $60,000 now good luck dam I'll tell you the let me tell you the figures so you guys can get a really a good idea so McDonald's is laying off 1200 workers in California damn they're doubling the electronic kiosks that they're going to be ohn Pizza Huts getting rid of 1300 workers wow uh they're going to be uh implementing the automated prep robots so that people aren't the ones making
5:03 the dude this is not good Fosters Foster Freeze you know that they they they shut down that one location um on the day of there there's like there was a couple of businesses that just said we can't do it anymore I heard 99 cent store is closing a down that's that's another thing and also Dollar Tree Dollar Trees are closing down a lot I thought it was Min minimum a mandatory $20 minimum wage for um chains I didn't I thought it wasn't for small businesses it's for I think specifically this is for fast food chains okay yeah yeah cuz there yeah it's like it depends on how many stores or something like that yeah you have to have like a thing but there's also a trickle down effect if you're like oh Carl Junior's paying 20 bucks I'm out well I'm see you later Jims Burgers you know I'm going to Carl Jun so the way that they I guess they economically
5:53 State this is that okay you get your $20 an hour at the expense of uh what is it like a few hundred th000 people will benefit but like less than a little less than a million will lose will lose yeah so it's like the people losing is greater apparently and then uh did you guys hear about the Nome thing with the Panera no oh yeah I I heard a little bit of oh they don't have to do it something happened where like uh so they when when this thing came into effect that new some had signed it there was a clause in the thing that said oh for inous Made bread or something like something so specific where like only Panero was like able to benefit yeah and then they found out the Panera guy was a huge donor for Nome and that oh my gosh so then they so then once the guy got found out he was like well I know I'm not um he said like I'm
6:44 not privy to this law but I'll participate anyway like ah interesting interesting publicly off's a clown man damn dude yeah like only for that like that's really funny but now he's in it po was also implementing uh prep robots and ████ oh dude which really so I recently had the um increase in January in Hawaii so the minimum wage in 2023 was 12 bucks and we wanted to um be competitive so we got it in 2021 2022 uh to 13 so we got a dollar over and then 2024 January it was mandatory that it' be 14 damn so a dollar doesn't sound like a lot but then in the grand scheme of things it is a lot and it's like it's like obviously we
7:34 do want to um give as much as we can right and then like cuz they work hard for it they deserve it but at the same time what we had to do was increase our prices by a lot so now our drinks are around $9 it used to be six and that's just how the math works out that still sounds cheap to me dude that's honestly that's the LA price yeah that's La price I was like $9 damn haunted coffee for n bucks like what the the coffee but the difference is since everyone has to do it together so all of Y is charging like that comparatively so it's like you're getting a drink or coffee for like 10 bucks right it's and it's it's it's a lot but then that's what you have to do you have to adjust and you know what sucks is the business owners are always called the greedy mean ████ when it's like what about the landlord
8:24 that's charging them up the ████ ass what about the government with all the taxes and the people don't know like when they talk about how out of 10 buses fail everying it's mostly restaurants that's what people don't know it's like it's mostly restaurants it's mostly like Mom and Pop people just like they have a dream they want to go out there and like you know their their aunt was like you know you you make the greatest tamalii or whatever right and then they save up this money they take on these loans they spend hundreds of thousands of dollars and then they open up this shop they're ████ bleeding dry like they don't have they don't really make a profit for the first 5 years yeah and this is even when you have a small chain like even Juni like we're a franchise right but that's just the nature of the restaurant industry and to build it it's like you
9:15 got to build a house like you got to build a the the whole kitchen out you got to build the whole restaurant out right that's hundreds of thousands of dollars that you upfront build and then you're just like paying your loan off while you're trying to make money and most restaurants their margins if you're lucky you're making 10% so that means to make a $100,000 profit you got to sell a million dollar worth of product and a lot of people just don't know these numbers like they think oh ████ this store is making like $100,000 a month but what if it takes $150,000 to run so you just see like the gross number and then this is the problem is people don't understand business enough to make a a good judgment it's not their fault like people specialize right that's like the economy that we're in people like you do one job like you're teacher you're your whatever you do one thing right so then
10:06 you get a salary and so they don't understand how the ecosystem works and then it's easy to think oh like you ████ evil ████ taking all this money but the majority of business owners are just like normal mom and pop and then you know yeah you have these big corporations and all but even them like they're if they're a franchise it's normal like everyday Mom and Pops that are buying into the franchise or whatever like so like what sucks is that let's say you hate Walmart or you hate Amazon or whatever right they'll look at the sandwich shop the same ████ way that they look at the Walmart people and then they go ████ these business owners and then they want to put in these laws to punish those guys but what ends up happening is all of our small businesses get punished cuz we don't have the lawyers we don't have the power to fight
10:58 back and then these guys they can maneuver through the taxes you could try to eat the rich you could do all that ████ but they have all the resources to dodge all the taxes and do all that so what ends up happening is like the small business owners we get ████ because it's like we don't we don't have the team of you know million dooll like accounting firms that can maneuver all the ████ when IRS comes after us so it's like those laws get put in place but they're not doing the damage to the people that you want to like get at it ends up ████ up the middle class down yeah it's just cuz someone owns a shop too it's like you don't know how much they make like there's people out there that have bars and ████ that are making millions but they're in debt so like that's what they don't get is like not
11:48 everyone's like out there like swimming in money while you're suffering like I think that's rare everyone's grinding yeah why y'all even do this then man we have dreams bro we have [Music] dreams
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