ferretman: If everyone's wages increase the product cost will increase and there will be less jobs.
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.
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.
Eddie Adams from Torrance: 'bout $3.50
Aarontology: You can have good wages, or you can have welfare.those are your choices.
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
Thunderpipes: Can you imagine liberals in charge of the economy?Wait.....
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....
basemetal: new study provided to The Huffington Post by a University of Kansas student.So says a student.
Voiceofreason01: Aarontology: You can have good wages, or you can have welfare.those are your choices.cut both, create a feudal system, blame Obama?
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!
muck4doo: Teachers should also be payed like Major League Baseball players.
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!
Smeggy Smurf: Didn't read the farking commentsThey'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
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?
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.
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?
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.
BgJonson79: Who decides what a CEO is worth?
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.
Weaver95: you special little snowflake you....
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.
Neighborhood Watch: Weaver95: you're another one who failed economics, aren't you?MY business is doing just fine... so I guess I passed.
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?
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.
Weaver95: it could be better, if you put more into your employees.
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.
Pray 4 Mojo: I see your game... well played. Now hit the showers.
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.
The Stealth Hippopotamus: 550 million Big Macs are sold in the US every year.550,000,000 X .68 = 374,000,000.00If 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?!?
Links are submitted by members of the Fark community.
When community members submit a link, they also write a custom headline for the story.
Other Farkers comment on the links. This is the number of comments. Click here to read them.
You need to create an account to submit links or post comments.
Click here to submit a link.
Also on Fark
Submit a Link »
Copyright © 1999 - 2017 Fark, Inc | Last updated: Mar 22 2017 19:27:13
Runtime: 0.288 sec (287 ms)