Dollar General COLLAPSES Shake Shack SHUTS DOWN Locations Over Kamala Harris DESTROYING Middle Class

what's going on everyone Jeremy here from the quartering now I was told that everything was going amazingly with the US economy look at the stock market they keep saying which isn't even keeping up with inflation look at how high the stock market is for 95% of Americans who don't actually invest in the stock market and know nothing about it and and uh myself included by the way um don't look at us adjusting the job report down by 100,000 jobs don't look at the massive closures of various restaurants across the country don't look at how little your dollar is worth now due to inflation don't look at um how the FED needs to again raise rates to keep up with inflation but they'll probably lower rates which will tank the stock markets don't look at any of that just think of Joy the joy that can be brought by by by voting for kamla culia Harris well Dollar General a um I don't know what you would call it like a discount store Dollar General isn't just like dollar only items it's not the dollar store Dollar General is a store where you can you know get a bunch of different stuff that's generally pretty affordable including most people know it for getting like helium balloons and things of that nature well their shares have cratered by nearly 30% why because the CEO has said their core customers which are basically everyday workingclass Americans are financially constrained Dollar General shares crater 25% as retailer Cuts Outlook blaming financially constrained consumers by the way the stock actually dropped at the time of this video 32% if I look at the 5-day forecast look at that drop it cratered on the report and it cratered out throughout the rest of the day this is a uh a a narrative not a narrative but this is a reflection of the economy right and before we get into more of that just a quick word from this video sponsor America listen up the world is getting more unpredictable by the day now we've got you know attempts on Trump rumors of Civil War and unstable 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definitely worth having one of those around your house so the Dollar General not doing good why well because working class Americans are getting crushed low-income consumers feeling a pinch in the economy are leading to lower than expected sales for Dollar General as the budget friendly retailers slash its sales and profit outlook for the year it Shar sank more than 24% in early training trading which we now know is over 30% and said it expects same Source sales to grow between 1 and 1.6% a drastic reduction from the 2 to 2.7% and at previously forecast look when times get tough a lot of these but budget friendly stores they Thrive that's why when the economy is bad you know stocks like Dollar General rise or you know refinancing places or um Payday Loan places or all these type of things when times get tough they Thrive but when times go beyond tough okay when people just don't have the money at all it doesn't matter if you're an affordable option if somebody has zerar to give you one of the biggest lies I think that is told in the American Media the American Press one of the biggest understatements of the year is that we're a recession is coming in my opinion we are in a recession and really whoever we elect this fall isn't going to change that you're really just electing someone who you think can make the fall a little more palatable do you want it cratering into the ground at light speed by you know by electing Cala Harris or do you want someone who can deliver somewhat soft landing and Donald Trump these things are going to happen there's been 20 years of our presidents kicking the can down the road trillions of dollars printed during the C and unending terrible financial decisions by the biomics administration these are bills that are going to come due there is a reckoning coming it doesn't matter who gets elected the reason that I think for example Trump may be better is because he can give us a soft Landing camela Harris will just cackle as everyone goes broke you have Dollar General has been in trouble for more than a year because of weaker consumer spending and workers protesting Federal safety violations it has 20,000 locations across the United States with some of them in the process of being remodeled one of the issues Dollar General is having now is to contend with the market is more focused on low prices Neil Saunders retail analyst said managing director of global data said in a note Thursday as inflation eases more retailers are starting to cut prices and focus more on value for money here's a here's a you know news flash everyone wants cheap stuff everyone wants to have a little extra money at the end of the week everyone doesn't want to pay $7 a pound for ground beef for $5 for a bag of chips I mean that's prices at Dollar General by the way I mean this is a problem industrywide look at this now too going out to California Shake Shack told to shut down six California location including five in La after State's $20 minimum wage hike all across the country you have communist socialist Marxist leaders like Gavin Nome camela Harris instituting you know ferally mandated minimum wages which is a disaster it has always been a disaster no I don't judge the fast food workers for making a little extra money go ahead secure your bag it's not your fault and you should make your money but I'm telling you the tradeoff is that what will happen is and we've seen it already happen with thousands of locations across the state and other you know Across the Nation is that you can only charge people so much for a cheeseburger McDonald's itself seeing sales slip because they're forced to charge over $10 for a quarter pounder with cheese meal here in the state where I live in the midwest also getting bad pressed for charging $18 for a Big Mac out east there is a limit to what people are willing to pay for fast food and Shake Shack is no exception when you raise the price of minimum wage to $20 then what happens is they have to raise the price then naturally people say I'm not paying $18 for a fast food burger from Shake Shack I'll go go cook at home and then the store closes and then those employees who got the $20 minimum wage hike are out of work any could understand this absolute basic economic lesson except Gavin Nome except kamla Harris you know the company said the decision was imp Parton due to changes in trade Arena according to its filing Stak Stak Shake Shack declined to comment further on California $20 minimum wage law it's not it's the first time the chain has closed restaurants for the purposes that were not construction related a spokesperson told the trade indust trade business the first time they've decided to close a restaurant not because it's expanding what does that tell you California's $20 minimum wage hike has forced several major chains including McDonald's Burger King and even lowcost favorite In-N-Out Burger to jack up prices to offset the higher wages and again like I said what's the next step customers say I'm not paying $25 for an extra value meal which is hilariously named I'm not paying $20 for a burger and fries I will eat at home I will cook at home I will go somewhere where it's more affordable many and of course people then end up cutting hours some have fast-tracked more towards automation this $20 minimum wage thing is a farce you will be replaced by robots or you will have your hours cut so at the end of the week you don't have as many your paycheck's lower than it was before so now you can say yes I make $20 an hour but I only get 14 hours a week instead of 40 so now I have to work two more jobs so that I can pay my bills I'm not saying that there aren't jobs in this industry or in the restaurant industry worth $20 but I don't think working a shade Shack is again I don't blame the employees for taking the money go ahead but they should be looking for jobs elsewhere because Shake Shack McDonald's Burger King Pizza Hut dominoes they cannot afford to pay their staff $20 an hour without then raising their prices and they know that the consumer will not be open to paying enormous prices we've seen that happen with McDonald's and everywhere else you know they need more companies they need you see you're closing some stores due to the profitability will hold up in other locations you're just going to find that those other locations will also see declining sales over time just cut your losses and move on to greener pastures you're going to see basically every location and snakes and Stak Shack shut down in the California area and any area pushing these absorbant minimum wage prices like Washington or I think it is in Oregon um or Seattle where they have some insane salary for Uber Eats and Uber Eats is losing their tail because no one wants to pay $75 to have food delivered I mean even I have completely stopped using food delivery services except for the rare occasion because it's insane the fast food's already expensive now I have to pay $5 delivery fee and another $7 to $10 in tip that's crazy for $40 $40 to have um Arby's delivered you think that's hyper it's not that's really what it costs and after tip it's insane so something's got to give and what's going to happen is this industry is just going to shrink I hope you are enjoyed this video I hope you were informed by it um and make sure you check out my live stream tonight at 8 Eastern we're going to laugh at the Camala Harris puny 18-minute interview apparently and we'll talk to you again real soon