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How much more will your Big Mac cost if we raise the minimum wage?
- Thread starter hal9000
- Start date
Nobody worries about the cost of a big Mack when the CEO gets paid $18,000,000
US McDonald's employees are subsidizing Denmark's McDonald's employees. Willing to bet that quality of product in Denmark far exceeds that of US, too.
This is nothing new.
This is nothing new.
That actually sounds kinda low for the CEO of one of the biggest companies in the world.
Should've negotiated harder, looser!
Also, comments like this is why nobody takes libs seriously: "I never hear concerns about how the McDonald’s CEO making $18,012,549 per year might drive up the price of a Big Mac."
$18M / 2.36B burgers = less than a penny per burger going into the CEOs pay
Do you even calculator, bro?!
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But the additional $3/hour the burger maker is going to get is terrible!
I never said that. Go ahead and pay them $20/hr for all I care. However given that labor is 25-30% of overhead, prices will go up. As will the prices of other services that those employees patronize.
Which is why across the board minimum wage increases generally don’t help. They’re well intentioned, but eventually inflation catches up, and you are right back to where you started.
Why not pay $20-25 or more an hour then?
If going from $7.25 to $15 in middle America doesn't hurt prices, why not give a "living wage" for flipping burgers and dunking fries?
Raising minimum wage to $15 in CA is almost here anyway (next year I believe for corpos, 2023 for small biz).
It's why we see an annual rise in restaurant items of a dollar (more or less) each year now in So Cal (sometimes twice a year now). It gets passed along, one way or the other. Even good, cheap local Mexican food places are not "cheap" anymore. Gone are the days you couldn't even eat $5 of Mexican food if you tried (unless it was seafood items, maybe).
CA residents will need $20-25+ an hour minimum wage at this rate to compare to $15 in the midwest states.
Problem is, minimum wage was NEVER meant to be a "living wage". It's a starter wage for the inexperienced. Never was meant to raise a family on, as some expect it to be.
It was enacted over 80 years ago to prevent child labor abuse (outlawed child labor), include maximum hours per week, along with minimum hourly pay (25 cents), no more, no less.
If going from $7.25 to $15 in middle America doesn't hurt prices, why not give a "living wage" for flipping burgers and dunking fries?
Raising minimum wage to $15 in CA is almost here anyway (next year I believe for corpos, 2023 for small biz).
It's why we see an annual rise in restaurant items of a dollar (more or less) each year now in So Cal (sometimes twice a year now). It gets passed along, one way or the other. Even good, cheap local Mexican food places are not "cheap" anymore. Gone are the days you couldn't even eat $5 of Mexican food if you tried (unless it was seafood items, maybe).
CA residents will need $20-25+ an hour minimum wage at this rate to compare to $15 in the midwest states.
Problem is, minimum wage was NEVER meant to be a "living wage". It's a starter wage for the inexperienced. Never was meant to raise a family on, as some expect it to be.
It was enacted over 80 years ago to prevent child labor abuse (outlawed child labor), include maximum hours per week, along with minimum hourly pay (25 cents), no more, no less.
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Needs to be $30 here in NJ. That's only $62,000 a year. After taxes and democrat healthcare that leaves about $30k to live on.
The real question isn't how much the cost of a chain store hamburger will go up. The real question is how many fewer people will small and medium sized businesses hire when the cost of adding employees is more than it is worth.
The real question isn't how much the cost of a chain store hamburger will go up. The real question is how many fewer people will small and medium sized businesses hire when the cost of adding employees is more than it is worth.
religion is too strong in this country for that to happen !! )
The one by the convention center is awesome compared to the one by Bader Field.the McD in frantic city is the worst restaurant on the planet.
Only when absolutely desperate. The biggest challenge of being on the road a lot is eating right.
If I’m reading what grapesoda, surfdog, and GrossFat are saying......
-they agree that exploiting hourly wage workers is the only way a company can be profitable.
-there’s no way a person can actually live on a minimum wage.
-they agree that exploiting hourly wage workers is the only way a company can be profitable.
-there’s no way a person can actually live on a minimum wage.
Also there are jobs lost and hours cut to consider but politicians are smart enough to have figured all this out
What is funny is how the minimum wage allows you to get food stamps.
So the government is doing socialism for the corps.
Yay!
So the government is doing socialism for the corps.
Yay!
Price won’t go up much if at all because MCD’s will offset the per employee cost by reducing the number of employees.
And another to consider (which is the real reason) about raising the MW is that union wages use MW as their floor and all wages go up when the MW goes up.
That means more in union dues (paid as a % of salaries) which means more political donations to (in this case) democrat politicians.
And another to consider (which is the real reason) about raising the MW is that union wages use MW as their floor and all wages go up when the MW goes up.
That means more in union dues (paid as a % of salaries) which means more political donations to (in this case) democrat politicians.
Entry level positions were never meant to be careers.
Notice how MCD’s used to hire mostly teens and now they hire mostly immigrant adults (at least around here). Because teens got priced out.