Hundreds march at McDonald's HQ over low wages

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Originally Posted By: OneEyeJack
One politician said that corporations like McDonald's should be forced to take the increase in wages out of their profits. He said that he would be willing to author a bill that would do just that. This explains why politicians are politicians. Getting a job where they'd have to do something useful and face the real world to earn a living just would'n work.


I've often wondered about this myself. Though I don't believe someone flipping burgers is worth $15 an hour, what if the increased wages came from the corporate level instead of through raising menu prices? The disparity between worker and corporate wages has never been higher in this country than it is today. Is it possible that CEOs could live on a mere $10 million a year as opposed to $100 million a year? How much salary do the execs need?
 
Originally Posted By: OneEyeJack
One politician said that corporations like McDonald's should be forced to take the increase in wages out of their profits.

Originally Posted By: grampi
what if the increased wages came from the corporate level instead of through raising menu prices?


That's a very slippery slope. Remember healthcare? IMO Government has no business whatsoever in the private sector, they are trying to legislate democracy, freedom, free enterprise and capitalism away.
 
Originally Posted By: grampi

I've often wondered about this myself. Though I don't believe someone flipping burgers is worth $15 an hour, what if the increased wages came from the corporate level instead of through raising menu prices? The disparity between worker and corporate wages has never been higher in this country than it is today. Is it possible that CEOs could live on a mere $10 million a year as opposed to $100 million a year? How much salary do the execs need?

You have drunk too much liberal koolaid in your lifetime . Most of that will come from mutual funds that us old farts depend on.
 
Originally Posted By: grampi
Originally Posted By: OneEyeJack
One politician said that corporations like McDonald's should be forced to take the increase in wages out of their profits. He said that he would be willing to author a bill that would do just that. This explains why politicians are politicians. Getting a job where they'd have to do something useful and face the real world to earn a living just would'n work.


I've often wondered about this myself. Though I don't believe someone flipping burgers is worth $15 an hour, what if the increased wages came from the corporate level instead of through raising menu prices? The disparity between worker and corporate wages has never been higher in this country than it is today. Is it possible that CEOs could live on a mere $10 million a year as opposed to $100 million a year? How much salary do the execs need?


Instead of wondering, do the math.

Take $10 million out of CEO pay (the CEO of McDonald's makes 9.5 million/year, so take all of his compensation). Make him pay for all of it. Spread that out over all of the employees of McDonald's...which employs about 1.7 million people.

So, let's make the assumption that only half of those people are the ones who will get the raise (makes the raise bigger for those who get it) and that they're not working full time (so the hourly increase is bigger). So, spread that $10 million/year over 800,000 people who work 1200 hours/year....

That works out to 0.01/hour for those employees. That's right, one cent an hour.

Of course, they're asking for several dollars an hour...and there's the crux of the problem: you've run out of other people's money long before you accomplished the goal.
 
You have shown that the pay can't come from the execs as there isn't enough to cover it...good work!
 
Originally Posted By: Al
Originally Posted By: grampi

I've often wondered about this myself. Though I don't believe someone flipping burgers is worth $15 an hour, what if the increased wages came from the corporate level instead of through raising menu prices? The disparity between worker and corporate wages has never been higher in this country than it is today. Is it possible that CEOs could live on a mere $10 million a year as opposed to $100 million a year? How much salary do the execs need?

You have drunk too much liberal koolaid in your lifetime . Most of that will come from mutual funds that us old farts depend on.


If you knew me (and you should at least somewhat anyway from my posts in this forum) you'd know I'm about as far away from a liberal as a person can get...
 
Originally Posted By: rjundi
Does anyway who is posting actually eat McD's food to care if price got raised?


Mcdonalds is disgusting.. however my kids like happy meals. about the only time I will eat there is breakfast food (while on the road, with family vacations) Its about a once a year thing for me.

and no, I couldn't see myself paying $8 for a happy meal or $10 for a adults breakfast meal..
 
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Originally Posted By: Trav
Originally Posted By: OneEyeJack
One politician said that corporations like McDonald's should be forced to take the increase in wages out of their profits.

Originally Posted By: grampi
what if the increased wages came from the corporate level instead of through raising menu prices?


That's a very slippery slope. Remember healthcare? IMO Government has no business whatsoever in the private sector, they are trying to legislate democracy, freedom, free enterprise and capitalism away.


You are correct, but are you okay with the ever increasing disparity between workers and execs?
 
Originally Posted By: grampi
Originally Posted By: Trav
Originally Posted By: OneEyeJack
One politician said that corporations like McDonald's should be forced to take the increase in wages out of their profits.

Originally Posted By: grampi
what if the increased wages came from the corporate level instead of through raising menu prices?


That's a very slippery slope. Remember healthcare? IMO Government has no business whatsoever in the private sector, they are trying to legislate democracy, freedom, free enterprise and capitalism away.


You are correct, but are you okay with the ever increasing disparity between workers and execs?


I know its been stated over and over again, but who cares ? let the workers be mad. Its simple motivation to get a better job. Nobody held a gun to any bodys head and said "you must work at McDonalds forever" I do agree that over time minium wage must increase, but doubling fast food wages ? why ? If fast food workers (traditionaly young kids) get 35k a year jobs while in Highschool, where is the motivation to step up and do more ?
 
The ones who scream for a "living wage" for doing an entry level lob will camp out 3 days at a shopping mall parking lot to buy the latest version of $300 Nike Air Jordan sneakers.
 
Originally Posted By: grampi
Originally Posted By: Trav
Originally Posted By: OneEyeJack
One politician said that corporations like McDonald's should be forced to take the increase in wages out of their profits.

Originally Posted By: grampi
what if the increased wages came from the corporate level instead of through raising menu prices?


That's a very slippery slope. Remember healthcare? IMO Government has no business whatsoever in the private sector, they are trying to legislate democracy, freedom, free enterprise and capitalism away.


You are correct, but are you okay with the ever increasing disparity between workers and execs?


You have to be okay with it, what other option is there? Start legislating peoples pay limits or how much profit a company can make?
Do that and every stock market in the world will crash.

If the government tells a company to start kicking back anything over $xxxx to employees they will close the door or move somewhere else. We have enough of that already because of draconian corporate tax rates.
To me the disparity between execs and workers is like getting old, you might not like it but you live with it.
 
In this case I was charged $2,450.00 ($550.00 out of pocket) for seeing an ER doctor for 5 min and one bag of saline solution IV and two drugs to lower my BP administered by a nurse. This exact same procedure is just a $15.00 co-pay at my primary doctors office but unfortunately they are only open Mon thru Fri. I have a chronic condition that can require emergency care.

Obviously we all know this is too much $$ and extreme overbilling by a hospital.

Should we legislate what hospitals charge here, is this a monopoly? We ALL end up paying for these ridiculous hospital fees and charges through higher insurance costs, prices of good and services etc.
 
Originally Posted By: grampi

If you knew me (and you should at least somewhat anyway from my posts in this forum) you'd know I'm about as far away from a liberal as a person can get...

That's what I thought..but looking at artificial ways of either getting upper wage earners and lower wage earners closer together, or raising lower wage earners by means of lowering high wage earners that is principal tenant of Communism (beyond liberalism).

I am coparatively Liberal vis-a-vis woman rights to control their own bodies, women's rights in general, protecting the environment, a couple of things that staunch right wingers abhor.
 
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No you don’t regulate what hospitals can charge. Blame your health insurance company they are the ones jacking the co pay prices allowed by the AFA.
Thank unwanted government regulation for high insurance premiums and huge deductibles and its not going to get any better, wait till millions of illegals end up on the public heath insurance cow
 
Originally Posted By: Trav
Originally Posted By: grampi
Originally Posted By: Trav
Originally Posted By: OneEyeJack
One politician said that corporations like McDonald's should be forced to take the increase in wages out of their profits.

Originally Posted By: grampi
what if the increased wages came from the corporate level instead of through raising menu prices?


That's a very slippery slope. Remember healthcare? IMO Government has no business whatsoever in the private sector, they are trying to legislate democracy, freedom, free enterprise and capitalism away.


You are correct, but are you okay with the ever increasing disparity between workers and execs?


You have to be okay with it, what other option is there? Start legislating peoples pay limits or how much profit a company can make?
Do that and every stock market in the world will crash.

If the government tells a company to start kicking back anything over $xxxx to employees they will close the door or move somewhere else. We have enough of that already because of draconian corporate tax rates.
To me the disparity between execs and workers is like getting old, you might not like it but you live with it.


You're right, there isn't much that can be done about it, and the gov should not step in as they screw up everything they're involved in, but I've read that the disparity of wages between execs and worker bees has gone from something like 10 times, to over 200 times in like the last 20 years...it's no wonder the middle class is disappearing...capitalism is a great system, but when it's taken advantage of by those who can, it's not so great...
 
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Originally Posted By: Trav


I don’t think anyone is mad at any group in particular its the agenda of the lunatics that push this sort of rubbish and try to justify it.
You couldn’t walk back your statement of the poor supporting the poor could you? LOL


The working class spend nearly every penny that comes in and are an absolutely integral part of the economy. So, yeah, they do. Since you have to travel to France pretty much to get a middle-class waiter...

I just wonder when a thread about working people derails into a thread about welfare recipients. There's a logical fallacy there. I see a pretty clear line between someone who wakes up early, wears a uniform someone else picked out, stands behind a counter taking [censored] for eight hours, vs someone who breeds endless children and watches "Cougar Town" in their pajamas.
 
You want to pay French prices and live in a socialist state, go there to live for a while and report back. LOL
The average waiter in France or any Euro country are not middle class unless you consider living in an small apartment and driving a lawnmower with seats middle class.
Maybe the ones working in high end restaurants do okay but that’s the same anywhere, he isn’t a McDonald’s or fast food counter worker.
 
Originally Posted By: 02SE
Originally Posted By: Alfred_B

I pay living wages to my people, actually.


What jobs are your people performing? Are they jobs that anyone that walks in off the street without even a Highschool diploma, can almost immediately perform, like the average fast-food restaurant job. Or do these people of yours need to have advanced skills and ability for their jobs?


When I had my own Business, I also paid more than minimum wage. In some cases much more. The difference is that the jobs I needed to be performed, required more ability than the average fast-food restaurant job.


I have a full range. Cleaning crew require the least amount of education (high school only) and make near $15/hour. No one makes minimum wage -- it would be embarrassing to me to have employees who work hard and yet qualify for public assistance. Hence, very low turnover and high outcomes. Need to treat own people well for them to treat the customers well so that the business can do well.
 
Quote:
...that the disparity of wages between execs and worker bees has gone from something like 10 times, to over 200 times in like the last 20 years...it's no wonder the middle class is disappearing...capitalism is a great system, but when it's taken advantage of by those who can, it's not so great...


I'm a grampi as well, but your use of the words "disparity" "taken advantage of" etc. sounds like the tortured rhetoric of the left.

Do you really think a high schooler working at MikeyDees has the experience, education, and tenacity to lead a billion dollar company and deserves a salary beyond his/her abilities and responsibilities?

While at a major aerospace firm, I was happy to have a guy at the top making a mil or more to take on those responsibilities and to address the day-to-day business decisions so I could concentrate on leading aircraft teams to improve aircraft systems and I was satisfied with my salary and lot in life.

Crony capitalism is the problem Grampi is referring to and has been the worst in the last seven years. Crony capitalism has to go, and it is a black mark on what free market capitalism should be.

I don't see any government "forcing" as improving anyone's lot in life.
 
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