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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 61
    More: Interesting, Big Macs, Mcdonald, Jimmy John Liautaud, living wages, University of Kansas, minimum wages, salary  
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39533 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»



Voting Results (Funniest)
View Voting Results: Smartest and Funniest

2013-07-30 06:34:14 PM
13 votes:
Actually, another way to look at it would be to say that if you cut the average McDonald's worker's salary in half, to maybe $4.00 an hour or something like that, McDonald's would be able to CUT 68 cents from the price of their Big Macs. That would help make food much more affordable to other people, which might help reduce the almost universal dependency on Food Stamps that Obama has created.

Going even further, if McDonald's cut salaries to but cut the price of Big Macs by LESS than 68 cents, what would happen is that McDonald's would, overall, become more profitable. This, in turn, would give the corporation more money that would eventually find its way back to the very same workers who are supposedly now receiving "lower wages." It's not actually that their wages are getting lower, it's that they're getting less DIRECT money and more INDIRECT money. But it all works out the same in the end -- and, I'm not afraid to say, probably to the benefit of the employee. It's a well known fact that charitable donations are at their lowest ever now, after years of recession. But if profits were to start going up again? Why, it would be like Christmas year-round.

The reality is that life is not an Oprah show. McDonald's can't just walk into their restaurants tomorrow and point at everybody and say, "You get a raise, you get a raise, EVERYBODY GETS A RAISE." They'd love to, but they can't. Because, see, if they do that, everybody gets a raise, sure...but then the price of food goes up, which means even more people go on food stamps, which means profits drop, which means charitable donations drop as well -- and, in the end, everybody gets poorer. Everybody.

Have you ever watched lobsters, subby? A tank of them. Every now and then, one lobster will try to escape. He'll swim up to the top and be just about to get out of the tank. And do you know what those other lobsters will do? I'll tell you. They'll grab him and drag him back down. Right back down there with him.

Don't be a lobster, subby.
2013-07-30 06:05:22 PM
7 votes:
'bout $3.50
2013-07-30 07:00:17 PM
6 votes:
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 04:58:51 PM
5 votes:

ferretman: If everyone's wages increase the product cost will increase and there will be less jobs.


So when are you going to go ask your boss for a reduction in your pay in order to create jobs?
2013-07-30 05:50:29 PM
4 votes:

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.


I have a hash brown and a coffee there most weekday mornings. My being a bad person who feels bad about himself is completely independent of that.
2013-07-30 05:27:11 PM
4 votes:
I'm going to guess....a billion.

[click]

Oh shiat, I'm WAAAAAAAY off.
2013-07-30 05:08:30 PM
4 votes:
And it would be overpriced by $2.68
2013-07-30 07:26:12 PM
3 votes:

7th Son of a 7th Son: 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.


You know, it's rare that I call out someone like this, but your outright slander of the intellect of the third-grade community... it's... it's just uncalled for. These third-graders are a good, proud people who have enriched the lives of millions... and here you are, comparing these good individuals to such dastardly and uneducated scum as KU student.

Shame on you, sir. Shame on you.
2013-07-30 07:16:40 PM
3 votes:
So how much would it cost them to replace McDonald's employees with a touchscreen kiosk and a robotic arm? Because that shiat would get my order right and leave it in the fryer for the appropriate length of time.
2013-07-30 06:20:46 PM
3 votes:

Eddie Adams from Torrance: 'bout $3.50


GOD DAMMIT, LOCH NESS MONSTER!
2013-07-30 05:45:04 PM
3 votes:

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

those are your choices.


cut both, create a feudal system, blame Obama?
2013-07-30 05:44:11 PM
3 votes:

scottydoesntknow: In addition, every item on the Dollar Menu would go up by 17 cents.

If everything on the Dollar Menu costs $1.17, it's no longer a Dollar Menu


Call it a "Super Value Menu."

PROBLEM SOLVED
2013-07-30 05:40:09 PM
3 votes:
 In addition, every item on the Dollar Menu would go up by 17 cents.

If everything on the Dollar Menu costs $1.17, it's no longer a Dollar Menu
2013-07-30 05:11:21 PM
3 votes:
It would cost one heart attack with a side of regret and potential stroke.
2013-07-30 11:24:47 PM
2 votes:

Thunderpipes: Can you imagine liberals in charge of the economy?

Wait.....


Oh boy, grandpa's off his meds again.

images.dangerousminds.net
2013-07-30 07:23:29 PM
2 votes:

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


MY business is doing just fine... so I guess I passed.

well of course it is, you special little snowflake you....


Funny how so many successful small businessmen with thriving businesses spend hours on Fark everyday spouting political bullshiat, isn't it?

Even funnier that they're all always right wing assholes.
2013-07-30 07:20:35 PM
2 votes:
You can't just throw money at this problem.  It's the same issue with getting good teachers, or getting people for a police force that want to serve the people.  Finding a dedicated Big Mac crafter is a delicate balance.  You don't want people just taking the job because the money is good.  You need people with heart.
2013-07-30 07:13:18 PM
2 votes:

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 06:16:19 PM
2 votes:
new study provided to The Huffington Post by a University of Kansas student.

So says a student.
2013-07-30 05:46:38 PM
2 votes:

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

those are your choices.

cut both, create a feudal system, blame Obama?


No, it's cool. It'll trickle down! One of these days.
2013-07-30 04:52:44 PM
2 votes:
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.
2013-07-31 11:11:54 AM
1 votes:

Carn: Thunderpipes: If entry level jobs get good pay, who would ever want to move up?

Libs need to get real. The world needs ditch diggers too.

You're right, let's bring back indentured servitude.  No, f*ck it, full on feudalism!  It really was the best economic system!



It was... :(

www.quotesworthrepeating.com
2013-07-31 07:48:05 AM
1 votes:
What bothers me here is the belief that someone can live decently on $15/hour.  Even if they work full time - that is only like $27,000 per year - you can't get a decent house in most metro areas for less than $300k - we should be paying fast food workers enough to put a roof over the heads of their family, feed them well, get a decent set of wheels, and have a nice annual (paid) vacation.  I suggest that you re-think your plan, and make sure EVERYONE gets paid at least $100,000/year - heck even at that rate the CEO will still make way more than the average front line worker - but we can fix that later.   Paying the front line employees $100,000 per year would only raise the price of a Big Mac by $2 - and who would not be willing to pay another $2 for their lunch in order to assure that the guy/gal taking your order would make a decent living?

I will even take it one step further - the minimum wage in the US should be a fixed salary of $100,000, which would include a 30 hour work week, free health insurance, 4 weeks paid vacation, a nice time share at the beach, and perhaps a yacht.  We can pay for it by cutting CEOs (not their pay - the position - they are not needed anyway).
2013-07-31 12:33:37 AM
1 votes:

muck4doo: Teachers should also be payed like Major League Baseball players.


Forsooth!
2013-07-31 12:27:55 AM
1 votes:
How much more would a Big Mac cost if a Big Mac did cost more?

www.annerobertson.com
2013-07-30 11:09:25 PM
1 votes:
Can you imagine liberals in charge of the economy?

Wait.....
2013-07-30 10:57:33 PM
1 votes:

real_headhoncho: Sure... lets raise everyones' wages, then everything will have to cost more, like food, gas rent... hey, guess what, you raise now costs you more in expenses that what you were paying before.  In fact, you now have LESS money to spend after you take care of all the things you need just to live!


But didn't you just get a raise?
2013-07-30 10:45:09 PM
1 votes:

Smeggy Smurf: Didn't read the farking comments

They're burger flippers.  You are not worth $15 an hour.  You should be lucky to get minimum wage.  A robot can do it better, faster and with fewer farkups


Not to mention no bodily fluids being added to the food.
2013-07-30 10:44:19 PM
1 votes:
If entry level jobs get good pay, who would ever want to move up?

Libs need to get real. The world needs ditch diggers too.
2013-07-30 09:39:54 PM
1 votes:

Delectatio Morosa: I'll say it:

Fark You.

I got mine.

Why should I care beyond that?

No, seriously.

Why. Should. I. Care? Tell me.

Why do YOU care, if you really do? Do you care? Really? What do you do about  it besides tell us what other people should do? How much do you really care?


I care because an increase in the minimum wage will help push wages up for other jobs.  If unskilled labor is going for $15/hour companies will have to pay more for skilled labor.

As for what I'm going to do about it, I'll keep voting in the 'D' column because they're the best chance at sticking it to big business and helping the average Joe out.
2013-07-30 08:57:47 PM
1 votes:

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.


Well, I am guessing the distributors already pay their employees more than 7.25, and even if they do, they are under no obligation to follow McDonald's lead.   Few things

1)  Could likely meet somewhere in the middle, say 11-12 buchs
2)  the cost doesn't have to be passed directly to customers.  Can take it from the dividend payout, or
3)  slightly reduce the bonus packages for executives

I know #3 is an impossibility.  I am guessing those executives are bona-fide psychopaths that wouldn't dream of reducing their compensation for any reason.
2013-07-30 07:39:02 PM
1 votes:
Ohai gais, I can haz what's going on in this thread?
pics.blameitonthevoices.com
2013-07-30 07:28:01 PM
1 votes:
comedycentral.mtvnimages.com

/Calvin's got a job!
2013-07-30 07:27:31 PM
1 votes:

BgJonson79: taoistlumberjak: I don't think people realize that, someday down the road (probably on the order of decades, but who knows),  CONservative policies are going to end up getting a lot of people lined up on the wall and shot.

Some of those people probably deserve it, but it's a direction nobody wants to go in the long run.  CONservatives must be okay with the eventual communist revolution that our country is headed towards.

Why do you say that?


BeCAUse of those dAMn dirty CONservatives. tHAT's why.
2013-07-30 07:26:00 PM
1 votes:

Fano: 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!

/that anybody can become a huge success regardless of their circumstances is probably the biggest lie of the "American Dream"

Well yeah, the world needs ditch diggers, too.


http://www.bls.gov/ooh/construction-and-extraction/construction-equi pm ent-operators.htm
2013-07-30 07:24:53 PM
1 votes:

BgJonson79: Who decides what a CEO is worth?


The CEOs who sit on his board upon whose boards he sits in one big incestuous circle jerk.
2013-07-30 07:18:51 PM
1 votes:

Neighborhood Watch: Weaver95: you special little snowflake you....


I'm new here, so I haven't 'met' you yet before today.  However, I can say that it hasn't been a pleasure.


oh i'm harmless.  please continue to thrall me with your acumen.  I'm atwitter with all the learning!

tell me more about how screwing over your employees improves performance.  I wish to know more.
2013-07-30 07:17:00 PM
1 votes:

Weaver95: you special little snowflake you....



I'm new here, so I haven't 'met' you yet before today.  However, I can say that it hasn't been a pleasure.
2013-07-30 07:14:55 PM
1 votes:

mwfark: 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.


Word.  Pay 'em in paintings.  That's the ticket!

upload.wikimedia.org
2013-07-30 07:14:26 PM
1 votes:

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


MY business is doing just fine... so I guess I passed.


well of course it is, you special little snowflake you....
2013-07-30 07:13:24 PM
1 votes:

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 07:12:38 PM
1 votes:
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 07:11:38 PM
1 votes:
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 07:11:30 PM
1 votes:
tl;dr.  I once got busy in a Burger King bathroom. Is that relevant to this discussion?
2013-07-30 07:11:13 PM
1 votes:

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 07:08:58 PM
1 votes:

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 07:05:06 PM
1 votes:

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 07:04:01 PM
1 votes:
How much would it cost to double the I.Q. of a typical McDonald's employee?
2013-07-30 07:01:59 PM
1 votes:

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 07:01:46 PM
1 votes:
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 06:58:04 PM
1 votes:

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 06:51:29 PM
1 votes:

Pray 4 Mojo: I see your game... well played. Now hit the showers.


I am known for my brilliant sarcasm and stabbing wit.
2013-07-30 06:40:31 PM
1 votes:
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?
2013-07-30 06:37:54 PM
1 votes:
Start a Fast Food Workers Union. Would be pretty powerful and greasy
2013-07-30 06:27:54 PM
1 votes:

TuteTibiImperes: ReapTheChaos:

While companies like Walmart and McDonald's probably could pay $15 and hour by only raising prices on each item they sell a few cents, most smaller businesses would go bankrupt if they had to pay that much. Not only that, but other people start demanding pay raises as well. People with skills and experience who were making $15-20 an hour before minimum wage went up are going to demand an appropriate raise as well, and by all rights they deserve it.

After a year or two, when all the wage and price increases have finally settled down, the economy will be right back to where it was before, and $15 an hour minimum wage wont buy a damn thing more than it did at $7.25.

While that is one possibility, I don't think that's what would happen long term.  There would likely be an initial price increase across the board, but certain companies would also see it as an opportunity to build market share by lowering revenues and profit margins to undercut the competition.  They'd just take slightly lower corporate profits in order to steal the customer base away from competitors, which would prompt the competitors to do the same.  Eventually competition would drive prices back down.


incremental increases in the minimum wage instead of one sudden doubling would help to mitigate the inflation problem while still help increase wages across the board and increase the participation of low income workers in the economy(drive economic activity)
2013-07-30 06:18:41 PM
1 votes:

The Stealth Hippopotamus: 550 million Big Macs are sold in the US every year.

550,000,000 X .68 = 374,000,000.00

If McD thought they could just increase the price of their Big Mac and make an additional 374 million dollars don't you think they would have already done it?!?


This.

Pointless study is pointless.

/If you work at Mcdonalds in an attempt to support anyone other than yourself, at some point, you failed at life.
2013-07-30 06:16:41 PM
1 votes:
corporate  greed rules until the camel hits the dirt.
2013-07-30 06:13:48 PM
1 votes:
550 million Big Macs are sold in the US every year.

550,000,000 X .68 = 374,000,000.00

If McD thought they could just increase the price of their Big Mac and make an additional 374 million dollars don't you think they would have already done it?!?
2013-07-30 06:03:16 PM
1 votes:
Just raise minimum wage to $12. Since McD employees already earn more than minimum, according TFA, it will be a bonus for everyone. Problem solved. We'll do ourselves a favor by not having to hear about this crap every year or so....
2013-07-30 05:12:44 PM
1 votes:

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.


If the suppliers etc are union shops and their members are only making minimum wage, those are officially the worst unions ever.
2013-07-30 04:56:39 PM
1 votes:

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.


More people earning more money will allow them to spend more in their local economies supporting other businesses that will then earn more profits and be able to expand hiring more employees and creating more jobs.
 
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