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Each McDonalds is independently owned.
The owners do not make mega billions.
More like $45-50K per year with a profit margin of 4%.
Most FF restaurants are franchises.
Most franchise operators for Mcdonalds (and most other Fastfood outlets) own more than one store. And they reap a lot more that 45-50K out of each store if they're any good at what they do.
Ah, I see. The secret to a vibrant middle class is to not pay people anything and lower corporate taxes. We know this because as the value of work and the taxes corporations pay both drop, the middle class expands and is better off. We know it's true because we can see the results lowering real pay and corporate taxes have had for the last thirty years, and it's awesome!
Actually, you got half of it right.
The secret to a vibrant middle class is to pay people well because they have value and to lower corporate taxes since they are passed on to the middle class.
Why do you think anybody wants to pay people less? I'm all for paying people huge salaries.
I think you're right. As we slide downwards though, conservatives and liberals should agree that if your business model requires tax payer subsidies for your workers you shouldn't be in business.
No, I don't agree.
If your business model qualifies your workers for taxpayer subsidies, they shouldn't work there.
Most franchise operators for Mcdonalds (and most other Fastfood outlets) own more than one store. And they reap a lot more that 45-50K out of each store if they're any good at what they do.
Yes, that's where the money is.
But even the franchise owners are getting squeezed.
When the mother ship decides that the stores need to renovate that's $800K per store.
When the mother ship decides that stores need wifi they charge each store for setup and training.
The mother ship owns the properties and charges rent near 12% over local prices.
Franchise owners are not like Target and Walmart CEO's.
Yet all those workers are the min wage service workers.
How do you mandate a living wage with those varying setups ?
In the case of franchises, the franchise owners are being squeezed by corporate to get every drop of blood they can.
How are you going to squeeze $15/hour from these places ?
McDonald's franchise owners upset over high cost of ownership - Houston Finance | Examiner.com
To combat the high costs of franchising, McDonald’s franchise owners are reportedly holding private meetings to discuss ways that they can collectively pressure the corporate headquarters into reducing rent and other costs. High costs and low margins mean fewer investors are likely to open up a McDonald’s and are less likely to remodel or refurbish existing units.
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