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(Huffington Post)   How much more would a Big Mac cost if McDonald's were to double employees' pay? Take a guess, then click the link   (huffingtonpost.com) divider line 763
    More: Interesting, Big Macs, Mcdonald, Jimmy John Liautaud, living wages, University of Kansas, minimum wages, salary  
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39536 clicks; posted to Main » on 30 Jul 2013 at 6:53 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-07-30 06:58:04 PM

Neighborhood Watch: If you're a great cook, then quit and go shop your resume elsewhere.

McDonalds (like any business) pays what it pays.  If it's not enough, leave.


That's why I patronize McDowells. Give a Brother a chance.
 
2013-07-30 07:00:17 PM
I've always been puzzled by ayn rand cultists who get VERY upset when min wage workers start acting in their own rational self interest.

Rand Cult: 'go forth and screw over anyone/everyone to advance yourselves!'
workers: 'ok, lets form a powerful union, bring our corporate CEO to his knees, and make our lives better.'
Rand Cult: 'hey you can't DO that!?  it's WRONG!'
 
2013-07-30 07:00:52 PM

Weaver95: ferretman:
Yes...there are no other costs besides employee pay and benefits. What the student hasn't taken into account, if minimum wage was doubled, the rising costs associated with the suppliers, the ones who manufacture the beef patties, chicken nuggets, soda syrup, shake mix, french fries, fish sandwiches, packaging suppliers, etc. These are all manufactured by other companies under contract to, in this case, McDonalds and are typically union-shops (at least on the east coast). If everyone's wages increase the product cost will increase and there will be less jobs.

you failed economics class, didn't you?


History, anyway.
 
2013-07-30 07:01:46 PM
McDonald's only owns 15% of its restaurants -- the remainder are franchised.  The vast, vast majority of people at the burger-flipping level are not reflected in MCD's wage costs.  The "study" is a total and complete fail from beginning to end and the student who wrote it should go back to his first class and punch the teacher.
 
2013-07-30 07:01:59 PM

Weaver95: it could be better, if you put more into your employees.



Then start a business and do that.  You're the expert.
 
2013-07-30 07:02:10 PM

RedPhoenix122: But if the people working in the factories are making the same $15/hr minimum wage that the McJobbers are, they're gonna revolt.

Good.

 
2013-07-30 07:02:16 PM

Aarontology: You can have good wages, or you can have welfare.

those are your choices.


Yep. Every able-bodied individual who is on any kind of long-term assistance is being subsidized by taxpayers (and more specifically, the US' creditors).

Would increasing minimum wage to a livable wage cause inflation? You bet. But not as bad as you might think it will. It will level off, our working class individuals will have increased consumption power, and then our economy will grow by leaps and bounds. Just like every other civilized nation that has increased to a livable minimum wage.
 
2013-07-30 07:02:19 PM
Oh, that's a lot more than I thought.  Maybe the real question should be why should McDonald's party their workers that much?  Are they experiencing a shortage of unskilled, completely replaceable workers?
 
2013-07-30 07:03:25 PM
But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.
 
2013-07-30 07:03:44 PM

jehovahs witness protection: And it would be overpriced by $2.68



They shot themselves in the foot with local mailers for Buy One Get One.  Also some $1 items, especially with the coupon, like Quarter Pounders and Big Macs (Not combinable).

As I got home I realized that two sandwiches at $3 reduced the value in my mind significantly.  It wasn't "hey each sandwich is now worth $1.50" it was "damn this stuff is crap I should have gone to Chipotle"
 
2013-07-30 07:04:01 PM
How much would it cost to double the I.Q. of a typical McDonald's employee?
 
2013-07-30 07:04:34 PM

Neighborhood Watch: Weaver95: it could be better, if you put more into your employees.


Then start a business and do that.  You're the expert.


i'd love too...but my competition has artificially jacked up the barriers to entry into the market segment i'm most interested in getting into right now.  oh, I suppose I could write my congressthing about it...but lets be honest - who's he gonna listen to, me or the megacorp that's giving him a couple hundred thousand a year to look the other way?

which leaves me the grey or black market, but there's other issues involved with that market that present a different set of challenges.
 
2013-07-30 07:04:54 PM
Morelix looked at McDonald's 2012 annual report and discovered that only 17.1 percent of the fast-food giant's revenue goes toward salaries and benefits. In other words, for every dollar McDonald's earns, a little more than 17 cents goes toward the income and benefits of its more than 500,000 U.S. employees.

Thus, if McDonald's executives wanted to double the salaries of all of its employees and keep profits and other expenses the same, it would need to increase prices by just 17 cents per dollar, according to Morelix.


As has been pointed out above, this is a total failure of economics. Assuming that a 17% increase in prices would result in a 17% increase in revenue is idiocy, because the increased price will result in lower demand and therefore lower sales. If the original statement were true, McDonalds would just raise their prices 17% and earn that much more profit.
 
2013-07-30 07:05:06 PM

clkeagle: Would increasing minimum wage to a livable wage cause inflation? You bet. But not as bad as you might think it will. It will level off, our working class individuals will have increased consumption power, and then our economy will grow by leaps and bounds. Just like every other civilized nation that has increased to a livable minimum wage.



The world NEEDS this expertise.  It's ready for it.  Please man, start a restaurant business and put this into action!
 
2013-07-30 07:05:15 PM

Voiceofreason01: Pray 4 Mojo:
/If you work at Mcdonalds in an attempt to support anyone other than yourself, at some point, you failed at life.

because everybody can be a billionaire CEO of a Fortune 500 company if they just work hard enough!


Which one are you?
 
2013-07-30 07:05:17 PM
I think some people are against raising wages because that would make them feel less wealthy.
Maybe they are so used to the tired arguments and made up their minds long ago to the point that facts cannot change them.
Maybe they love to watch people suffer in poverty.

There is enough turnover in fast food that the jobs won't be missed.  There will even be new jobs for attempts at automation.   Now way too much money from fast food goes to advertising and marketing.
 
2013-07-30 07:05:36 PM

MrBallou: ferretman: FTA: "In other words, for every dollar McDonald's earns, a little more than 17 cents goes toward the income and benefits of its <a data-cke-saved-href="http://money.cnn.com/2011/04/04/news/companies/mc donalds_jobs/index.ht m" target="_hplink">more than 500,000 U.S. employees."

Yes...there are no other costs besides employee pay and benefits. What the student hasn't taken into account, if minimum wage was doubled, the rising costs associated with the suppliers, the ones who manufacture the beef patties, chicken nuggets, soda syrup, shake mix, french fries, fish sandwiches, packaging suppliers, etc. These are all manufactured by other companies under contract to, in this case, McDonalds and are typically union-shops (at least on the east coast). If everyone's wages increase the product cost will increase and there will be less jobs.

Yeah, your right to get cheap-ass food far outweighs those people's right to earn enough to lead a decent life.

FFS people, pay for what you get. People are trying to make a living, just like you.


Did someone force them to take those jobs?
 
2013-07-30 07:05:46 PM

Dow Jones and the Temple of Doom: But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.


well, given that your average CEO makes 400% more than they're worth....you could start there.
 
2013-07-30 07:06:00 PM

Neighborhood Watch: If you're a great cook, then quit and go shop your resume elsewhere.

McDonalds (like any business) pays what it pays.  If it's not enough, leave.


Because there are so many well-paid job openings these days.

It would be better for society for workers to organize and force higher wages. With enough people, anything can be accomplished. That's the point of organizing.
 
2013-07-30 07:06:25 PM
Fark the wages, what if they increased the real food content of their so called food. McDonald's is basically poison.
 
2013-07-30 07:06:38 PM

vernonFL: If you eat at McDonald's more than once or twice a year,  you are a bad person and you should feel bad about yourself.

Shame on you.


FTFY
 
2013-07-30 07:06:50 PM

Weaver95: I've always been puzzled by ayn rand cultists who get VERY upset when min wage workers start acting in their own rational self interest.

Rand Cult: 'go forth and screw over anyone/everyone to advance yourselves!'
workers: 'ok, lets form a powerful union, bring our corporate CEO to his knees, and make our lives better.'
Rand Cult: 'hey you can't DO that!?  it's WRONG!'


The employees should be welcome to try to form a union, and their employer should be free to fire them for beginning to organize. What's the problem again?
 
2013-07-30 07:07:15 PM

Weaver95: Neighborhood Watch: Weaver95: it could be better, if you put more into your employees.


Then start a business and do that.  You're the expert.

i'd love too...but my competition has artificially jacked up the barriers to entry into the market segment i'm most interested in getting into right now.  oh, I suppose I could write my congressthing about it...but lets be honest - who's he gonna listen to, me or the megacorp that's giving him a couple hundred thousand a year to look the other way?

which leaves me the grey or black market, but there's other issues involved with that market that present a different set of challenges.


"artificially jacked up barriers to entry". LOL, this is what farklibs actually believe.

Millions of businesses are opened every year. Start one and pay living wages.
 
2013-07-30 07:07:19 PM
They should have 3 scales for min. wage based on age.
15 to 17 would be $3/hr
17 to 21 would be $7/hr
21+ would be $15/hr
Now go do the math.
 
2013-07-30 07:07:20 PM

JerkyMeat: Fark the wages, what if they increased the real food content of their so called food. McDonald's is basically poison.


well that's kind of a separate issue.
 
2013-07-30 07:08:13 PM
FTA: " would cause the price of a Big Mac to increase just 68 cents, from $3.99 to $4.67"

Who in their right mind would pay $4 for a Big Mac alone when you can get a Double-Double AND fresh-cut fries for a fiver from In n Out?
WHAT A STEAMING PILE.
I remember when Big Macs were under a buck and we all screamed when we saw $1.30.
Jack in the Box Big Stack with BBQ sauce is KILLER right now. FIND A COUPON!

/McSuck
 
2013-07-30 07:08:31 PM

Weaver95: my competition has artificially jacked up the barriers to entry into the market segment i'm most interested in getting into right now.



Well, then.  In a way, you are in business.  You're running an excuse factory!
 
2013-07-30 07:08:32 PM

oren0: Weaver95: I've always been puzzled by ayn rand cultists who get VERY upset when min wage workers start acting in their own rational self interest.

Rand Cult: 'go forth and screw over anyone/everyone to advance yourselves!'
workers: 'ok, lets form a powerful union, bring our corporate CEO to his knees, and make our lives better.'
Rand Cult: 'hey you can't DO that!?  it's WRONG!'

The employees should be welcome to try to form a union, and their employer should be free to fire them for beginning to organize. What's the problem again?


you might benefit from reading about the history of the labor union movement in the US.  all of this has happened before...yadda yadda....
 
2013-07-30 07:08:58 PM

Aarontology: You can have good wages, or you can have welfare.

those are your choices.


No, in the civilised world, the choice is either to have high wages, high taxes and welfare, or the unique basket case in America where no-one wants to pay for anything for anyone under any circumstances.
 
2013-07-30 07:09:12 PM

Neighborhood Watch: Weaver95: my competition has artificially jacked up the barriers to entry into the market segment i'm most interested in getting into right now.


Well, then.  In a way, you are in business.  You're running an excuse factory!


you're another one who failed economics, aren't you?
 
2013-07-30 07:09:49 PM
I still don't get why McDonalds is the top fast food chain, they are literally the worst one. The fries are the only think they do better than their competition but everything else is inferior.

/In N Out, Sonic, Burger King, Wendys, Carls Jr, Whataburger, Five Guys, KFC, Popeyes, Subway, Quiznos, Jack in the Box, Arbys, A&W, and even Taco Bell are better.
 
2013-07-30 07:10:00 PM

Weaver95: Dow Jones and the Temple of Doom: But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.

well, given that your average CEO makes 400% more than they're worth....you could start there.


Again, when you start your business, pay the CEO no more than he's worth. With paying only fair wages to everyone, you should be able to offer a quality product at a fair price, crushing the inefficient corporations who waste all their money on executive pay.

You don't own McDonald's. It's none of your farking business what they decide to offer in wages or salary to ANY of their workers.
 
2013-07-30 07:10:01 PM

Voiceofreason01: Aarontology: You can have good wages, or you can have welfare.

those are your choices.

cut both, create a feudal system, blame Obama?


Under a feudal system, landowners (in this case business owners) must provide serfs with a place to live (serfs had a right to use land) and security.

I'm pretty sure most of these companies would go broke if they had the obligations of feudal lords. They can do this because the government subsidizes them.
 
2013-07-30 07:10:04 PM

puddleonfire: FTA: " would cause the price of a Big Mac to increase just 68 cents, from $3.99 to $4.67"

Who in their right mind would pay $4 for a Big Mac alone when you can get a Double-Double AND fresh-cut fries for a fiver from In n Out?
WHAT A STEAMING PILE.


It sure is.  They both are, actually.  How do you people even eat that crap?   It barely even qualifies as food at that point.
 
2013-07-30 07:10:37 PM
In other news, $15 per hour is a livable wage.

How about become a great worker or an entrepreneur and write your own story.
 
2013-07-30 07:10:55 PM

Weaver95: you're another one who failed economics, aren't you?



MY business is doing just fine... so I guess I passed.
 
2013-07-30 07:10:59 PM

Dow Jones and the Temple of Doom: But what if the increased cost resulted in a decrease in demand and thus lower sales? They may be able to pay employees more, but they'd have to cut costs somewhere else.


Advertising? Does anyone not know of McDonalds? I can't drive 5 or 10 miles without seeing one around here.
 
2013-07-30 07:11:13 PM

Aarontology: You can have good wages, or you can have welfare.

those are your choices.



Untrue!  You can let the vermin starve in the streets as nature intended.
 
2013-07-30 07:11:28 PM
If you increase minimum wage do you also have to increase the wage of the next job up in the chain to motivate advancement?
 
2013-07-30 07:11:30 PM
tl;dr.  I once got busy in a Burger King bathroom. Is that relevant to this discussion?
 
2013-07-30 07:11:38 PM
Why, think of the problems that would be solved if we just added 17% to the income tax!!

Heck, let's just bump the price of everything by 17%.

Problem solved, right? :)
 
2013-07-30 07:11:38 PM

Aarontology: You can have good wages, or you can have welfare.

those are your choices.


Inflation, how does it work?
 
2013-07-30 07:11:57 PM

Deep Contact: They should have 3 scales for min. wage based on age.
15 to 17 would be $3/hr
17 to 21 would be $7/hr
21+ would be $15/hr
Now go do the math.


The math is companies would hire as many teenagers as possible, and avoid hiring adults who have actual financial responsibilities.
 
2013-07-30 07:12:09 PM
The corporation knows that people who work in fast food do it because they have to, so why would they pay higher wages?

ah yes.......pretty much this......America is heading into idiocracy faster than was originally predicted by the movie.
 
2013-07-30 07:12:38 PM
Debeo Summa Credo:
Again, when you start your business, pay the CEO no more than he's worth. With paying only fair wages to everyone, you should be able to offer a quality product at a fair price, crushing the inefficient corporations who waste all their money on executive pay.

are you familiar with how Costco is run?  you might find it interesting to see how their CEO runs the business, find out how his company stacks up against WalMart.

You don't own McDonald's. It's none of your farking business what they decide to offer in wages or salary to ANY of their workers.

It bothers you that I question your false and unsupported assumptions doesn't it?  interesting indeed to observe....
 
2013-07-30 07:12:50 PM

Deep Contact: They should have 3 scales for min. wage based on age.
15 to 17 would be $3/hr
17 to 21 would be $7/hr
21+ would be $15/hr
Now go do the math.


Brilliant! Your goal is to ensure that every minimum wage job in America is staffed by people 20 and under, right?
 
2013-07-30 07:13:06 PM
If you want to earn more monet, then get a better job than flipping burgers. It is meant to be an entry-level position, not to support a family. Other people do not owe you anything, much less a government-mandated minimum wage. It's this lazy sense of entitlement that is killing this country.
 
2013-07-30 07:13:18 PM

basemetal: new study provided to The Huffington Post by a University of Kansas student.

So says a student.


A KU student at that. Equivalent to 3rd grade everywhere else.
 
2013-07-30 07:13:24 PM

Weaver95: ferretman:
Yes...there are no other costs besides employee pay and benefits. What the student hasn't taken into account, if minimum wage was doubled, the rising costs associated with the suppliers, the ones who manufacture the beef patties, chicken nuggets, soda syrup, shake mix, french fries, fish sandwiches, packaging suppliers, etc. These are all manufactured by other companies under contract to, in this case, McDonalds and are typically union-shops (at least on the east coast). If everyone's wages increase the product cost will increase and there will be less jobs.

you failed economics class, didn't you?


Yeah, cuz economics is a science..nobody with a PhD in econ from Harvard EVER argues exactly the opposite course of action with a PhD from Princeton over economic issues.

ever.

cuz it's a science.

Only one right answer.
 
2013-07-30 07:13:50 PM

Abox: If you increase minimum wage do you also have to increase the wage of the next job up in the chain to motivate advancement?


The will happen naturally when all the people at shiat call center and date entry jobs realize they can make more flipping burgers and quit en masse.
 
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