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[QUOTE="goodroc, post: 3337994, member: 20"] I own and operate McDonald’s franchises in NYC. Although many do not understand the franchise model, i work on extremely low margins, 30% of my revenue is paid to my employees total labor costs. For those standing on a soap box about our pay, which is $15 an hour to start everyone of my general managers and superviors began at min wage and they all now make between from 60k to 150k depending on their tenure , performance and the sales in the restaurants they run. i have a total of 1200 employees combination Both full and part time. My revenue is down 40% and my manhattan locations are down over 60%. Although we have cut hours we have not laid or anyone as we are trying to stay open for our staff , serve customers in need when in many cases it makes zero sense to continue operating. i have to make difficult decisions soon. If i do not manage this as well as possible and I do not survive this then all my employees are out of work. I am have major concerns regarding my ability to survive this crisis. I am not looking for anyone to feel bad for me but as an example of how devastating this crisis will be for our economy the economic impact is hard to fathom. [/QUOTE]
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