Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Charlotte Observer)   Just because you have to work ONE MILLION hours at minimum wage to make as much as your CEO did last year, be happy you have two part time jobs   (charlotteobserver.com) divider line 131
    More: Asinine, Mcdonald, CEO, wage gap, pay gap, Mcdonald's Corp., Yum! Brands Inc., Macy's Inc., one million  
•       •       •

2840 clicks; posted to Business » on 16 Dec 2012 at 4:00 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



131 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | » | Last | Show all
 
2012-12-16 03:50:51 PM  
The real problem is that people are too lazy to work a million hours a year, now let's talk about some tax cuts.
 
2012-12-16 04:05:12 PM  
Time for that automated burger machine.
 
2012-12-16 04:09:47 PM  
As a CEO, all I got out of that article was that the guy featured in the beginning should be fired for taking baths in the company sink.
 
2012-12-16 04:09:59 PM  
It's pretty farking telling that his boss refuses to give him a pay raise because he smells like fast food.
 
2012-12-16 04:11:08 PM  

Vegan Meat Popsicle: As a CEO, all I got out of that article was that the guy featured in the beginning should be fired for taking baths in the company sink.


I guffawed.
 
2012-12-16 04:15:30 PM  

atomic-age: It's pretty farking telling that his boss refuses to give him a pay raise because he smells like fast food.


....While he works in a fast food restaurant. I would probably strangle my boss who gave that as a reason.
 
2012-12-16 04:16:45 PM  

Jaws_Victim: atomic-age: It's pretty farking telling that his boss refuses to give him a pay raise because he smells like fast food.

....While he works in a fast food restaurant. I would probably strangle my boss who gave that as a reason.


CLASS WARFARE! CLASS WARFARE!
 
2012-12-16 04:28:48 PM  
You know who else knows the value of a million employees?
mimg.ugo.com
 
2012-12-16 04:29:41 PM  
FTA: "McDonald's, for example, spent $6 billion on share repurchases and dividends last year, the equivalent of $14,286 per restaurant worker employed by the company."

What the fark...
 
2012-12-16 04:33:20 PM  

ramblinwreck: FTA: "McDonald's, for example, spent $6 billion on share repurchases and dividends last year, the equivalent of $14,286 per restaurant worker employed by the company."

What the fark...


I'm kind of wondering if a lot of these companies' management are realizing they are slicing their own throats by exclusively pandering to disinterested investors who only want to make a buck on their shares before moving on to 'invest' in yet another company.
 
2012-12-16 04:43:58 PM  

beantowndog: The real problem is that people are too lazy to work a million hours a year, now let's talk about some tax cuts.


Call me lazy all you want, but I'm at a loss as to how I can work 1 million hours in a period of time 8766 hours long...
 
2012-12-16 04:47:11 PM  

Honest Bender: beantowndog: The real problem is that people are too lazy to work a million hours a year, now let's talk about some tax cuts.

Call me lazy all you want, but I'm at a loss as to how I can work 1 million hours in a period of time 8766 hours long...


Bootstraps. You should easily be able to work about 35 hours per day.
 
2012-12-16 04:49:49 PM  

Honest Bender: beantowndog: The real problem is that people are too lazy to work a million hours a year, now let's talk about some tax cuts.

Call me lazy all you want, but I'm at a loss as to how I can work 1 million hours in a period of time 8766 hours long...


Are those lawyers billable hours per year?
 
2012-12-16 04:50:18 PM  

NeoCortex42: Honest Bender: beantowndog: The real problem is that people are too lazy to work a million hours a year, now let's talk about some tax cuts.

Call me lazy all you want, but I'm at a loss as to how I can work 1 million hours in a period of time 8766 hours long...

Bootstraps. You should easily be able to work about 35 hours per day.


Pfft. Slackers.
 
2012-12-16 04:54:15 PM  

Honest Bender: Call me lazy all you want, but I'm at a loss as to how I can work 1 million hours in a period of time 8766 hours long...


There's programs that can teach you that. Four-year program, pretty pricey, but the good thing is, you can take out student loans for it, and after you learn the right skills, you can easily work a million hours so you can pay back your loan, and then keep living the wonderful, employed life.

Just having a job is its own reward. The minimum wage is extra.
 
2012-12-16 04:57:43 PM  

BumpInTheNight: ramblinwreck: FTA: "McDonald's, for example, spent $6 billion on share repurchases and dividends last year, the equivalent of $14,286 per restaurant worker employed by the company."

What the fark...

I'm kind of wondering if a lot of these companies' management are realizing they are slicing their own throats by exclusively pandering to disinterested investors who only want to make a buck on their shares before moving on to 'invest' in yet another company.


When the average person is devalued to such a degree it can only lead to ruin and destruction of a society.
 
2012-12-16 05:01:59 PM  
Yes, it's just about working harder.

Jaws_Victim: ....While he works in a fast food restaurant. I would probably strangle my boss who gave that as a reason.


As a former fats food worker, so would I. That stuff does not come out. If you don't leave your shift smelling like a burger, with grease caking your shoe bottoms, you somehow figured out how to not work that shift.
You can't wash anything with those clothes, or they too will smell like grease.
Hell, I used to own a Texas Roadhouse shirt that smelled like steak sauce 5 years out, and still own Moe's Southwest Grill shirts that smell like salsa and ground beef.
Hang around a grill, that stuff gets into the air. It will permeate your clothes, your skin. The more you smell like it, the harder you worked. If the manager complains, it's because they sat in their office all shift not doing anything.
 
2012-12-16 05:02:04 PM  
"...we are not affiliated with that clown, he attracts too many children."
i1079.photobucket.com
 
2012-12-16 05:03:56 PM  

BumpInTheNight: You know who else knows the value of a million employees?


Excuse me, sir. The council is worried about the economy heating up. Is it possible to fire five hundred thousand? I thought from a smaller company, like one of the cab companies.
 
2012-12-16 05:04:20 PM  

beantowndog: The real problem is that people are too lazy to work a million hours a year, now let's talk about some tax cuts.


How about some legislation to stop these people who hog TWO JOBS when there are so many unemployed? Why should they get all the money?
 
2012-12-16 05:05:42 PM  

viscountalpha: When the average person is devalued to such a degree it can only lead to ruin and destruction of a society.


Anything paid below a living wage is borne by society, effectively subsidizing the businesses with low pay. Still trying to work out why the right wing thinks subsidizing corporations is okay, but subsidizing people is wrong.
 
2012-12-16 05:08:03 PM  
i560.photobucket.com
 
2012-12-16 05:17:06 PM  

ramblinwreck: FTA: "McDonald's, for example, spent $6 billion on share repurchases and dividends last year, the equivalent of $14,286 per restaurant worker employed by the company."

What the fark...


It's obvious that corporations care more about their stockholders, and the companies worth, than the employees.
They have share repurchases to keep the stock at an inflated cost. Which makes the big stock holders even richer.
Remember that companies sole purpose is to bring shareholder value, not to keep people working. You can bet that the automated burger machine is on the way.
 
2012-12-16 05:24:00 PM  
I don't get why the automated burger machine has become a cause celebre. A whole ton of things are automated, why not fast food burger production?
 
2012-12-16 05:34:16 PM  

jetzzfan: I don't get why the automated burger machine has become a cause celebre. A whole ton of things are automated, why not fast food burger production?


Automated burgers will happen, and then the right wing will denigrate the former burger flippers as being lazy because they can't compete with Chinese factory workers or a burger machine.
We're really going to have to start getting used to the idea that any wage below a living wage is a detriment to society, and no business should be allowed to pay less for any reason. If a business can't pay enough, society is better off if they can't create that job.
 
2012-12-16 05:38:17 PM  
The next big thing in automation that is going to piss a lot of people off is when grocery (and other) stores end up with the RFID tags on all of the items, you just walk swipe your card, walk through a gate and you've paid. No more cashiers.
 
2012-12-16 05:42:53 PM  

jetzzfan: The next big thing in automation that is going to piss a lot of people off is when grocery (and other) stores end up with the RFID tags on all of the items, you just walk swipe your card, walk through a gate and you've paid. No more cashiers.


I'll bet you a dime that Walmart will be the first to try it out.
 
2012-12-16 05:49:00 PM  

Sergeant Grumbles:

Automated burgers will happen


It already is. Yes, there is a machine that whips out burgers dressed as ordered.
 
2012-12-16 05:49:38 PM  

BumpInTheNight: ramblinwreck: FTA: "McDonald's, for example, spent $6 billion on share repurchases and dividends last year, the equivalent of $14,286 per restaurant worker employed by the company."

What the fark...

I'm kind of wondering if a lot of these companies' management are realizing they are slicing their own throats by exclusively pandering to disinterested investors who only want to make a buck on their shares before moving on to 'invest' in yet another company.


Management is hoping they're the ones present for said quick buck-making and can be rewarded with bonuses. Who cares if it lasts, they'll be at a different company soon!

Our economy is becoming a rent-seeking tournament that everyone is somehow supposed to win. The guy who won worked hard, therefore anyone who works hard will make it!
 
2012-12-16 05:49:57 PM  

cig-mkr:
I'll bet you a dime that Walmart will be the first to try it out.


They already have.
 
2012-12-16 05:52:05 PM  

majestic: cig-mkr:
I'll bet you a dime that Walmart will be the first to try it out.

They already have.


Sounds like someone owes cig a dime. Now get your ass working, you have a million hours to make a dime!
 
2012-12-16 05:58:34 PM  

Jaws_Victim: majestic: cig-mkr:
I'll bet you a dime that Walmart will be the first to try it out.

They already have.

Sounds like someone owes cig a dime. Now get your ass working, you have a million hours to make a dime!


And if someone will give me five cents more, I can get a burger!
previews.agefotostock.com
 
2012-12-16 06:04:58 PM  

cig-mkr: ramblinwreck: FTA: "McDonald's, for example, spent $6 billion on share repurchases and dividends last year, the equivalent of $14,286 per restaurant worker employed by the company."

What the fark...

It's obvious that corporations care more about their stockholders, and the companies worth, than the employees.
They have share repurchases to keep the stock at an inflated cost. Which makes the big stock holders even richer.
Remember that companies sole purpose is to bring shareholder value, not to keep people working. You can bet that the automated burger machine is on the way.


The company has a legal obligation (fiduciary duty) to the shareholders. No such duty to employees or customers. Need employee ownership.
 
2012-12-16 06:05:17 PM  
Your boss hates you, you don't want the company to know that you're part of a group that wants a $15/hour minimum wage and you work two jobs. You know what will happen if the minimum wage jumps to $15/hour? You may be out of a job or two, as will plenty of Americans.

The problem isn't that minimum wage isn't high enough. The problem is that you accepted a minimum wage paying job, or two. Well, that's the first problem. I used to live in Chicago and it was hard to me to find a job that paid less than $10/hour part time. Hell, my first job in Chicago I scored in under a week as a beer vendor at Soldier Field. Working on commission is better than working minimum wage. And it doesn't matter if minimum wage is $1/hour, $9/hour, $15/hour or even $100/hour. If you're making minimum wage you're making the lowest that you're employer can afford to legally pay you. The last time I made minimum wage I was fresh out of high school with no skills and I deserved it.

Your second problem is that you're living in Chicago. Even if you're just making minimum wage you may have a better life style in the suburbs. Chicago is an expensive place to live. In 2005 the place I was living in was a one bedroom place. The bedroom was barely bigger than my then girlfriend's and mine's queen sized bed. The kitchen was so small there was no room for a dishwasher and the counter was smaller than the sink. We had to cut meat on the kitchen table. We had to pay for all our utilities and in the winter time we found out that we had no control over the heating and air conditioning. We had to go out and buy a space heater. On top of that, we had to pay extra for our parking space ($70/month). We were paying over $700 for that apartment and the $70 extra for the parking space. Today I'm paying less than $700 for a two bedroom apartment with free parking where I can control the heating and air conditioning. Four years ago I was in a place that was under $500/month that had free parking, free water and free cable television. You can't afford to live in the city of Chicago.
 
2012-12-16 06:07:52 PM  

jetzzfan: The next big thing in automation that is going to piss a lot of people off is when grocery (and other) stores end up with the RFID tags on all of the items, you just walk swipe your card, walk through a gate and you've paid. No more cashiers.


Good. I hate waiting for a cashier who bags my grocery slower than I can at a self-checkout. RFID will put the nail in the coffin for this and make me happy. I'm more than willing to pay a little extra to save some time while not having to wait for extreme coupon lady, or second-scan Sam.
 
2012-12-16 06:18:37 PM  

majestic: Sergeant Grumbles:

Automated burgers will happen

It already is. Yes, there is a machine that whips out burgers dressed as ordered.


When in was in college I was studying robotics and designed a restaurant that was completely automated. From the check out and ordering, to drink machines and the cooking. The only persons needed was someone to make sure that the pre-formed patties were in the dispense ready to be cooked upon ordering and the fries were ready to be put into the fryer. As well as someone to make repairs as needed, though I noted that there was no reason why we needed two people when the mechanic could make sure the food dispensers were loaded since he was being paid anyways, and he'd also have to clean the restroom since that wasn't automated.

And when I say that I designed the restaurant, I mean that I noted which robots would be needed, wrote the pseudo code for the programming, figured out the number of PLCs that would need to be used, drew out complete schematics including I/R sensors and relays.

Now, if a college student can do that almost 10 years ago, the only reason why McDonalds hasn't done it is cost. Human labor at minimum wage is still cheaper than the upfront cost of robotics and their maintenance costs and operation costs.
 
2012-12-16 06:30:51 PM  

Great Janitor: You know what will happen if the minimum wage jumps to $15/hour?


We'll have far less poor and destitute?
The demand created by the social class likeliest to spend will create a boom in many industries, most of which pay minimum wage?

There's no good reason not to increase the minimum wage. Historically, the fluctuation in employment has always been temporary, and we now have data that says U.S. States and countries with higher minimum wages weathered the recession better. The only reason that still rings true is that companies value shareholders over employees.
 
2012-12-16 06:32:07 PM  
http://www.gizmag.com/hamburger-machine/25159/

There is your automated burger machine.
 
2012-12-16 06:55:29 PM  

Sergeant Grumbles: Great Janitor: You know what will happen if the minimum wage jumps to $15/hour?

We'll have far less poor and destitute?
The demand created by the social class likeliest to spend will create a boom in many industries, most of which pay minimum wage?

There's no good reason not to increase the minimum wage. Historically, the fluctuation in employment has always been temporary, and we now have data that says U.S. States and countries with higher minimum wages weathered the recession better. The only reason that still rings true is that companies value shareholders over employees.


LOL. This is what clueless idiots with no understanding of economics actually believe.
 
2012-12-16 06:59:02 PM  

Great Janitor: You know what will happen if the minimum wage jumps to $15/hour?


Rent will go up, food will go up, Wal-mart prices go up, car parts go up, etc...

/You get the idea
//Minimum wage is a good idea in theory. Fact is: if employers have to pay higher wages, they have to charge more. There really should be a better way without making us slaves to economic forces.
 
2012-12-16 07:02:29 PM  

Debeo Summa Credo: LOL. This is what clueless idiots with no understanding of economics actually believe.


Yes, the smart people have done an awesome job of managing the economy to the benefit of everyone.
Superb job, smart people!
Superb!
 
2012-12-16 07:09:27 PM  
Chee-ha.
Have you seen undercover boss lately?
Most of those CEOs are pudgy white slobs who don't have a fraction of the talent or drive of their employees. Then they cry and give people stuff when they see how hard those people work to provide them with their fortunes.

Cry me a river.
 
2012-12-16 07:17:07 PM  

Great Janitor: majestic: Sergeant Grumbles:

Automated burgers will happen

It already is. Yes, there is a machine that whips out burgers dressed as ordered.

When in was in college I was studying robotics and designed a restaurant that was completely automated. From the check out and ordering, to drink machines and the cooking. The only persons needed was someone to make sure that the pre-formed patties were in the dispense ready to be cooked upon ordering and the fries were ready to be put into the fryer. As well as someone to make repairs as needed, though I noted that there was no reason why we needed two people when the mechanic could make sure the food dispensers were loaded since he was being paid anyways, and he'd also have to clean the restroom since that wasn't automated.

And when I say that I designed the restaurant, I mean that I noted which robots would be needed, wrote the pseudo code for the programming, figured out the number of PLCs that would need to be used, drew out complete schematics including I/R sensors and relays.

Now, if a college student can do that almost 10 years ago, the only reason why McDonalds hasn't done it is cost. Human labor at minimum wage is still cheaper than the upfront cost of robotics and their maintenance costs and operation costs.


I wouldn't think the payback would take that long, don't forget the robots works at 100% 24/7/365 (never takes a vacation or sick day like those pesky humans) One mechanic / stock loader per day
Sounds like pure profit to me.
 
2012-12-16 07:19:29 PM  

HotIgneous Intruder: Chee-ha.
Have you seen undercover boss lately?
Most of those CEOs are pudgy white slobs who don't have a fraction of the talent or drive of their employees. Then they cry and give people stuff when they see how hard those people work to provide them with their fortunes.

Cry me a river.


CHALLENGE ACCEPTED
i.chzbgr.com
 
2012-12-16 07:19:52 PM  

Debeo Summa Credo: LOL. This is what clueless idiots with no understanding of economics actually believe.


There's a wiki article on this very subject. It's full of interesting citations. You should try reading it. Although, I assume you'll ignore the part about the meta-analyses that found that once you correct for publication bias in studies on the issue any supposed correlation between minimum wage and unemployment falls below statistical relevance.

But by all means. Keep calling everyone else the clueless idiot.
 
2012-12-16 07:20:18 PM  
Robots, unless they are as sophisticated as the fictional Cmdr Data of Star Trek, won't replace people at places like fast food joints, restaurants and grocery stores for one reason: humans are unpredictable.
Machines, computers and automation works exceedingly well and efficiently at tasks which are not only repetitive, but stable, with all the parameters in each action being the same. In predictable situations, they can and do succeed where some human fail.

Something as simple as dispensing soft drinks or movie discs comes easily to them. Correct money or charge card in, choice made, dispense product, done. A simple yes/no chain of events. Customer service and dealing with unpredictable, irrational, unstable humans and their many issues every day is and will be beyond the capacity of even the very best machines for a long time to come. Computers don't do well with "maybe".

Machines cannot think on their feet, they cannot gauge mood or the timbre of the human voice, cannot read body language or expressions, and cannot think their way around a problem to come up with the best solution when the input information changes from moment to moment. Not yet, anyway.
 
2012-12-16 07:22:00 PM  
Australian minimum wage: $AUD 15.96/hour. (As of this moment, that's $US 16.84/hour.)

Source: http://www.fairwork.gov.au/pay/national-minimum-wage/pages/default.asp x

Australian unemployment: 5.3%.

Source: http://www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0

Minimum wage kills jobs? Whar-whar-wharrgarble.

Americans will believe what they want to believe about their nation and about their econmic system -- in spite of evidence, argument, and rationality.
 
2012-12-16 07:56:39 PM  

BumpInTheNight: ramblinwreck: FTA: "McDonald's, for example, spent $6 billion on share repurchases and dividends last year, the equivalent of $14,286 per restaurant worker employed by the company."

What the fark...

I'm kind of wondering if a lot of these companies' management are realizing they are slicing their own throats by exclusively pandering to disinterested investors who only want to make a buck on their shares before moving on to 'invest' in yet another company.


In this industry they aren't. If you haven't noticed there's a surplus of people and the skill to flip a burger is pretty low.
 
2012-12-16 08:19:25 PM  
Or you could try be more than one five-millionth as smart as your CEO.

Just in case you missed it, you are a loser because you are stupid and lazy. Quit crying and be less stupid and maybe you'll make some money too. Nah...you'll still be lazy.
 
2012-12-16 08:30:23 PM  

cig-mkr: jetzzfan: The next big thing in automation that is going to piss a lot of people off is when grocery (and other) stores end up with the RFID tags on all of the items, you just walk swipe your card, walk through a gate and you've paid. No more cashiers.

I'll bet you a dime that Walmart will be the first to try it out.


Home Depot is much further along on the program. They were the innovators in SKU management to begin with. This is just the next step.
 
Displayed 50 of 131 comments

First | « | 1 | 2 | 3 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report