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Old 07-31-2013, 10:59 AM
 
32,312 posts, read 26,181,848 times
Reputation: 18941

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Quote:
Originally Posted by chuckmann View Post
My point was that an undergraduate can be capable of writing a good study. I also recognized that in this case the study was seriously flawed.
if the study is seriously flawed, as you acknowledge, then it isnt a good study.
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Old 07-31-2013, 11:01 AM
 
Location: Bella Vista, Ark
71,724 posts, read 83,345,493 times
Reputation: 41561
Quote:
Originally Posted by HappyTexan View Post
McDonald's is a franchise business and that CEO salary also takes global revenue into consideration.

Each McDonald's manager can go above min wage if they want. They are independent operators.
I think this brings up another side to the story: you are right but what many do not realize, these franchise owners are not all floating in money. People keep saying, let the CEOs make less money: that is fine, but the individual that owns a franchise isn't the corporate CEOS. They may be working on such a shoe string, even a couple of $s increase in wages will put them out of business.
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Old 07-31-2013, 11:03 AM
 
Location: South Portland, ME
889 posts, read 1,012,380 times
Reputation: 884
When minimum wage is raised, the cost of EVERYTHING goes up. Sure it might only be $0.68 here and $0.43 there but by the time you add it all up, the person making minimum wage ends up having the same purchasing power that they had BEFORE the increase, except now EVERYTHING costs more, which makes it harder on people who were already making more than minimum wage (because it's likely their salaries did NOT go up, so all they got were more expenses and no new income to cover it).

If the only thing you ever buy is a BigMac, then sure, minimum wage jumping a few bucks is worth paying only $0.68 more because overall you end up with more money. But that obviously isn't the case since people buy a lot more than just BigMacs.

Also, minimum wage is like a tidal pool that sucks people down into it. When minimum wage was $4/hour, then people who were making $6/hour were ahead of that, they had more purchasing power. When minimum wage was raised to $7/hour, guess what? Those guys who were making more than minimum wage were suddenly ONLY making minimum wage. Never mind that they got a slight increase in pay, their overall purchasing power dropped because they were ahead of the line and now have been sucked down to the bottom.

For example, if you think prices won't jump to match minimum wage - that by raising minimum wage, the people making minimum wage will be better off than they were before - then why don't we just raise minimum wage to $50/hour, $100/hour, or even $1000/hour? Then everyone will be making minimum wage, and then the prices obviously won't jump so we'll all be rolling in dough... amiright? (hint: no)
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Old 07-31-2013, 11:04 AM
Status: "1st day of summer feels like fall" (set 3 days ago)
 
5,477 posts, read 3,207,733 times
Reputation: 2121
Whimpy of POPEYE fame went into a MickyD's and said 'I will gladly pay you Tuesday for a hamburger today '
Cashier go see the clown at Hamburglar Payday loan next door ask for Ron.
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Old 07-31-2013, 11:05 AM
 
Location: Great State of Texas
86,093 posts, read 72,355,317 times
Reputation: 27564
Quote:
Originally Posted by Mathguy View Post
What do economists say would happen after increasing minimum wage to around $15/hour which is what you are essentially suggesting?

You know, real economists...trained and practiced professionals.

You may find that you have a case of good intentions not matching up with actual consequences.....

P.S. McD's and many other similar establishments are already taking a hard look at automating McD's due to wage pressures. The guy running the show & machinery with extensive training will certainly be making >$15/hour.
It's already being done in Europe..touchscreen kiosk ordering.
7000 installed and in use. Just a matter of time before it comes here.

Oh and Jack in the Box installed 2 machines which will dispense almost 20 different varieties of soda.
It's pretty neat. Cashiers now only need to hand out a cup. The machines are serviced by another company that comes in once per day to stock.

Also..the older FF restaurants used to have 5-6 cashier stands. The newer ones only have 2 or 3.
People need to start noticing things to see the trend.

Self checkouts...4-6 checkouts and only 1 human to oversee them.
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Old 07-31-2013, 11:07 AM
 
Location: Bothell, Washington
2,698 posts, read 4,655,829 times
Reputation: 3660
Quote:
Originally Posted by MTAtech View Post
Doubling McDonald's Salaries Would Cause Your Big Mac To Cost Just 68 More: Study [UPDATE]
I would gladly pay 68 cents more so people get a better salary and don't need SNAP to live.
I sympathize with the low pay they get, but this is more complex than it looks. For one it is a very low skill job, and so it is really not worthy of double that pay. An example is my wife who works at a bank- the job she does there takes considerably more skill than working at McDonald's, but yet around here, if you doubled the average McDonald's worker salary, they would literally make more money than my wife does at the bank. How fair is that? And then should bank workers also protest to have their pay raised? And where does it end? Unfortunately there are going to be some types of jobs that pay very low because they are low skill jobs that anybody with a heartbeat can do. McDonald's is one of them, that's why you often see high school kids working there, because it's something they can do for extra money, it's not really a career job that an adult supporting kids should expect to be able to have and live a comfortable life.
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Old 07-31-2013, 11:08 AM
 
13,072 posts, read 11,407,524 times
Reputation: 2608
Quote:
Originally Posted by burdell View Post
The CEO making !,000X what workers make while shouting "Let them eat cake!" ?
I don't think you quite understand the implications, time, purpose, and meaning of that phrase as you attempt to use it in the manner you are is not only ignorant, but foolish.
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Old 07-31-2013, 11:08 AM
 
Location: Bella Vista, Ark
71,724 posts, read 83,345,493 times
Reputation: 41561
Quote:
Originally Posted by MTAtech View Post
Doubling McDonald's Salaries Would Cause Your Big Mac To Cost Just 68 More: Study [UPDATE]
I would gladly pay 68 cents more so people get a better salary and don't need SNAP to live.
First of all: I have a really hard time believing that: plus we are not talking about the corporation only, we are talking about the individual franchise owner. Plus what do you think would happen to those who are not simply entry level workers, the management. They have every right to demand their salaries be doubled or certainly seriously increased. If you don't mind paying the extra just tip the counter guy for starters. There is no way to justify paying an entry level counter worker at a fast food restaurant $15 an hour...NO WAY!!! This is simply a move on the part of unions to get more people involved and more profit in their pockets.

Anyone who is working for McDonalds and receiving SNAP needs to get more training, more education and build a career, not work at a job that is designed to be a first job or a part time job
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Old 07-31-2013, 11:09 AM
 
78,203 posts, read 33,331,609 times
Reputation: 15646
A big Mac is already more than I will pay for one.
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Old 07-31-2013, 11:09 AM
 
13,072 posts, read 11,407,524 times
Reputation: 2608
Quote:
Originally Posted by NatAnc View Post
Its not freedom or liberty if people are being exploited for profit. That is 100% against freedom and liberty which is why capitalism and communism don't work. They put someone above everyone else. I am a National Anarchist.
They aren't being exploited.


As for the bold, well... I was correct, you are confused.
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