Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
A p/t job at McDonald's is hardly the "working class".
Says who? You? People are coming out of retirement & having to go back to work. People are getting laid off because of Obama care, teens coming out of H.S are having to work instead of going on to college, etc.
If you have a teen & they are making a decent wage it's less more from your pocket. & you should be happy about that.
This is going to become interesting. If $15. an hour is the norm for this type of unskilled labor job, then what will be the attitudes of kids graduating with Associates and Bachelors degrees? Will they just "chew the fat," or demand greater wages than $15. an hour? Don't get me wrong, everyone in this country should make a decent living, but this situation once again, will become interesting. It is going to bring about, both very good and very bad feelings, and probably contribute a to a U.S.A. that continues on a downward spiral.
It will promote apathy, in other words, why go through all the effort to go to college or learn a trade when you can make as much flipping burgers. It spells the decline of a country.
I don't understand how it would be some new requirement to reveal CEO wages for publicly traded companies ?Hasn't that already been public information ? You can just take the CEO pay and divide it by the salary of a min wage worker.
The median pay of an organization's workforce is essential to getting an accurate picture of the ratio of CEO to worker pay. Example, if a CEO's compensation is $10,000,000 a year and the median worker's pay is $18,000 a year the ratio is 555:1. If a CEO's compensation is $10,000,000 and the median pay is $70,000 the ratio would be 142:1 Also most people looking at a corporation's proxy statement won't do the math at all, they can't put the number in perspective. When they can see the ratio they might make a more informed decision about whether or not they want to own stock in the firm. Anyway, it's called transparency..I thought that was one thing we could all agree is good whether liberal or conservative.
Quote:
Originally Posted by jm1982
Also the issue is complicated because many franchise locations are not owned by the parent company but by small business owners . The parent company (McDonald's) is likely not paying the employees at your local McDonald's , it might be John Smith LLC paying them . John Smith paid McDonalds a lot of money to use their brand he also gives them a percentage of his sales for using that brand
It will promote apathy, in other words, why go through all the effort to go to college or learn a trade when you can make as much flipping burgers. It spells the decline of a country.
If you graduated from College and you are making $15 an hour you should get a refund for your tuition. But let's 'pretend' that there are millions of college grads making $15 an hour, so..what do we do? Keep the minimum wage the same as it has been for 6 years so the $15 an hour workers don't get butt hurt? Or do we raise the minimum wage and realize that the $15 an hour worker will get a commensurate pay raise because of the 'ripple effect' (google it if you aren't familiar with it).
Yes, correct, CEO compensation is already disclosed in SEC documents. It's a dumb gimmick, just divide by minimum wage (because someone makes minimum wage for a publicly traded corporation).
Mick
"The median pay of an organization's workforce is essential to getting an accurate picture of the ratio of CEO to worker pay. Example, if a CEO's compensation is $10,000,000 a year and the median worker's pay is $18,000 a year the ratio is 555:1. If a CEO's compensation is $10,000,000 and the median pay is $70,000 the ratio would be 142:1"
It will promote apathy, in other words, why go through all the effort to go to college or learn a trade when you can make as much flipping burgers. It spells the decline of a country.
He says people wanting to raise the minimum wage to be "comfortable" is not the right attitude to have.
He posted on twitter and a bunch of people said "Everyone has the right to live comfortably "
I think we could get into a bad situation if more people settle for less, we need people to go out ,create, start businesses , keep learning, etc.
That's another reason I'm not a fan of huge min wage hikes...it will make people less motivated to open a business in certain areas because the math won't work.
I think this is going to be a big opportunity for cities that don't enact the $15 min wage.
In Los Angeles, there are several cities and counties adjacent to the city of L.A that are already doing this. I am seeing L.A businesses diversifying and opening places in Orange county and other places.
If you graduated from College and you are making $15 an hour you should get a refund for your tuition. But let's 'pretend' that there are millions of college grads making $15 an hour, so..what do we do? Keep the minimum wage the same as it has been for 6 years so the $15 an hour workers don't get butt hurt? Or do we raise the minimum wage and realize that the $15 an hour worker will get a commensurate pay raise because of the 'ripple effect' (google it if you aren't familiar with it).
"Wages for university grads are 2.5 percent lower than what they were 15 years ago, according to the latest edition of the Economic Policy Institute's annual report on the labor market prospects of new workers. The research found that young college grads’ hourly wages currently sit at an average of $17.94, or just over $37,000 annually. In 2000, the average hourly rate was $18.41."
This is from an article two months ago, doesn't sound good for the ripple effect theory. The reason is, low wage/minimum wage has become a political issue and increases will be effected by social policy whereas most other pay levels are market driven.
"Wages for university grads are 2.5 percent lower than what they were 15 years ago, according to the latest edition of the Economic Policy Institute's annual report on the labor market prospects of new workers. The research found that young college grads’ hourly wages currently sit at an average of $17.94, or just over $37,000 annually. In 2000, the average hourly rate was $18.41."
This is from an article two months ago, doesn't sound good for the ripple effect theory. The reason is, low wage/minimum wage has become a political issue and increases will be effected by social policy whereas most other pay levels are market driven.
And wages for college grads are indeed shameful, but I don't see how avoiding raising the minimum wage will somehow reconcile them about getting their eyes screwed out by employers..how exactly is that supposed to work?
We have been and will remain at a 50 year lows for household net disposable income. Obama's and Bush's gift to Americans as both parties have an equal hand in this and both share the blame.
Of course it does.
It will severely decrease the value of the middle class's dollar. Someone who went and got an A.S. degree and has been making $17/hr doing drafting or radiology, or even nursing, just went from making double what fast-food workers made to only $2 more. You don't see a problem with this? The $17/hr workers aren't getting 70% salary increases. COL hikes are typically around 2% yearly.
No. If they're not happy can negotiate for higher pay. They'll have more leverage now.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
