Avg McDonald's employee wage: $7.73. Ave hourly wage of McDonald's CEO: $9,274

In another thread on this topic, I proved CONCLUSIVELY that if the minimum wage were raised to $9.25 an hour, that the price of a cheeseburger would go from $1.10 to $1.37. And it stands to reason that the rest of the menu would follow suit. That's based on McDonalds menu prices versus the minimum wage going back to 1955.

 

So you are going to make it illegal to work for anything less then $9 and if they don't have the skills for that they should be poor with no help? Nonsense. If you make it illegal for people to work you have to subsidize them. That is how it works. You are calling for more welfare, not less.

Do they have a government agency that pushes them to provide this info? No it doesn't bother me, people aren't supposed to raise families on McD entry level incomes. It bothers me that we are focused on making McDs the new normal for the middle class. Is there no bar low enough for the left?

 

Economists disagree. Link me.

 

Why do you HAVE to subsidize people?

Oh and "flipping burgers" certainly qualifies as having the skills to earn "$9 an horu" if that's what the minimum wage is set at. Just as the current value is $7.25 an hour, because of course as explained the "market value" has NOTHING to do with the min wage. You can't even admit that simple fact?

Oh, and not only am I calling for LESS welfare, I'm calling for NO welfare for able bodied people.

Simple, if you work you earn at minimum $9.25 an hour, if you don't work, you don't eat. If you don't work and have kids, those kids will be removed for neglect.

NO WELFARE FOR THOSE WHO CHOOSE NOT TO WORK.

 

oh lord friend, I honestly don't know which page its on , I buried that thread in facts and numbers. with so many studies it wasn't even funny. In fact in one I posted a study that said that if the minimum wage were DOUBLED customers would only be willing to pay 50 cents more for a Big Mac. Meaning of course that McD would not add more than 50 cents to the price of a Big Mac because no one would buy it if they did.

I produced another link that showed that prices raise about 1% for every 10% increase in the minimum wage across the board to.

We're talking minimal increases in unemployment and in prices that these folks are so scared of.

 

I

Well... I understand not wanting to go find it... but... I cannot quite discuss it based on your word it is good. When I do this, I go to page one of the thread. There is a button up there that says "search thread" and I try and remember a word or set of words that I used, and it usually only produces a few results I can determine from the preview.

Unemployment is a strong argument I hadn't considered. Also please consider that franchise owners have little to no control on menu pricing. That all comes from on high. Corporate tells you you have to replace your POS system in each of your stores, you just lost 300k, and you can't do (*)(*)(*)(*) about it. Corporate tells you that you have to replace your soda fountains with an automated monstrosity, you just lost 200k and there is nothing you can do about it.



Corporate wants more of Starbucks business... you have to buy a mochalatofrappa(*)(*)(*)(*)ty machine.

 

I was off slightly on the price of a Big Mac, it's a 68 cent increase, not a 50 cent

http://abcnews.go.com/blogs/busines...uld-rise-by-68-cents-if-minimum-wage-doubles/

honestly, there are like 400 pages of material, and I produced a lot of data, I will try to find it exactly and link it to you, may take some time

 

McDonalds knows that Obamacare will force them to end almost all full time employment. Thus in order to look out for their employees best interests it behooves them to teach them to get more from the government teat. It's a survival strategy by McDonalds, not a dumping one.
As long as we have a third of the populace on the Gteat there will be problems. The affluence of America has made us too soft hearted towards the lazy. Their numbers will continue to grow as long as there are no consequences.
Cutting costs is the way you stay in business in a socialist country.

 

>>>MOD EDIT: FLAMEBAIT<<<

"Telling them to sign up for welfare rather than paying them a decent wage is for their own good"

LOL by the way . McDonald is exempt from "Obamacare"

http://usatoday30.usatoday.com/money/industries/health/2010-10-07-healthlaw07_ST_N.htm

>>>MOD EDIT: INSULT<<<

 

I don't think you understand the reality of the situation.
Franchise owners have no control on pricing. That is corporate. Corporate is not losing business... franchise owners will make less profit, as will corporate. It will increase the cost to you by a nickle... maybe a dime.

 

That is completely, absolutely 100% false. McD franchises may charge whatever they want according to my friend who actually owns a McDonalds.

 

No... they cant. They have a range that they can work within on most items... but they spend 2 billion a year advertising, and saying a thing costs x and it not, is not legal. They get around that in areas like the airport due to taxes etc... but corporate sets prices.


Would you like to talk about that 2 billion per year btw?

 

That's not what I was saying. What I said was that it was a defensive strategy for McDonalds to get their employees on the government teat. Necessary for them to be able to compete.
McDonalds is only exempt for a year.
My education surpasses your reading comprehension.
>>>MOD EDIT: INSULT<<<<
I am a capitalist explaining why McDonalds is using the strategy they employ. It is a lamentable strategy, but understandable.
The minimum wage is a tool for the unions. Every time it goes up, so do union wages. Many union contracts are tied to it. First you must divorce the Minimum wage from all union contracts by law.
Then get all of the illegal aliens out of the country. This is depressing wages. Once you do that, the minimum wage becomes a moot argument.

 

>>>MOD EDIT: OFF TOPIC<<<

You CLEARLY stated that McD was telling its employees to sign up for food stamps for their own good. You deny that?

Oh and by the way, plenty of idiots aren't liberals.

 

You seem confused do lets take this one step at a time.

If the market value for a job is less then the minimum wage what happens to that job? Is it magically worth more or does it go away?

 

What $2B?

I think we're making the same argument on that point. I've pointed out that in normal restraurants. Menu price is set by adding 30% for labor 30% for food costs 30% for other overhead and 10% for profit = menu price. But McD corporate takes about 8% of profit from each franchise, which would leave only 2% profit for the franchise owners, who obviously aren't going to invest for 2% profit, so they reduce the only cost they can , labor. I further posted an article (I think that was in THIS thread) showing that MANY franchise owners were unhappy with this and were picketing McD corporate to lower the amount they take.

 

That MCd "study" you pointed to published by Huffpo has been debunked. At 24% labor costs currently it would increase their pieces 25% if the doubled their wages. Why do you think their prices are so eleastic? Why don't they charge that amount now? Generosity?

 

I'm not confused. I'm saying YOU have no idea what the "market value" of a "burger flipper" is. You are for your argument just ASSUMING that it is less than $9.25 an hour. That is an ASSUMPTION on your part. There is absolutely no getting around that fact.

 

Is that assumption based on current market value?

 

The annual advertising budget of McDs. That 2 bn.

I called an owner. I am incorrect. They have much more control on pricing than I thought... he says that corporate mitigates incentive on menu pricing with a sliding scale of franchisee/corporate "taxing". Meaning there are metrics as to how much profit the owner shares with corporate to dissuade them from overcharging, an the owners aren't idiots... they have to compete with the Burger King down the street.

It is only certain items they have no control on... specifically advertised pricing.

When you are out today, drive by your McDonalds, and 40 McNuggets will cost $8.99... for instance.

 

No, but you clearly have a problem reading with comprehension. They were telling their employees to do it for their own good because they can read the writing on the wall from Obamacare. >>>MOD EDIT: INSULT<<<

 

Here's the scoop on McDonalds franchise costs and pricing.:
http://www.webmeets.com/files/papers/EARIE/2010/304/Price_Control_McDonalds.pdf

They do not have absolute control of prices but can use coercive methods.

 

That's what my friend said to, they may charge as they want, but McD corporate just takes more if they charge more, so doing so would be counter productive if you're trying to earn more profits for yourself.

And your point about corporate forcing new equipment and upgrades and such on them is true to. They came in last year and told my friend he had to spend $2M to "upgrade" or lose is his franchise rights.Sure enough in his contract that is spelled out.

 

Does your friend have a hard time filling that job position at less then $9.25? (MCDs pays over minimu wage everywhere but the is the leftist narrative to so we will go with that). If he can, or anyone else can, isn't the wage offered and accepted by the employee who applied to get it the market wage? Or is a market wage whatever you say it is despite not willing to offer it anyone and everyone yourself?

Where do you expect the money for all this to come from again?

 

Walmart has an employee stock purchase plan. In fact it is said Walmart made more millionaires than any other company as the employees who first started out had such a plan an many became millionaires because of it.