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I spent two years working fast food jobs in the late 1980s for $3.35 an hour flipping burgers, dropping fries, scrubbing pots, mopping floors, and taking out trash. Didn't like the work nor the pay. I didn't strike. I continued to apply until I got a better job with better pay. Fast food isn't a "living wage" career unless you become management and even then they're not paid much.
Well, according to this article, 40 hours a week at $7.25 is still 35% above the poverty line, I mean its not fantastic, but its certainly not as horrible as it could be.
I wonder how this translate into the cost of a Big Mac meal.
Don't worry, none of this living wage talk takes into account things that people with actual economic and financial sense think about like:
-The possibility of the cost of products to customers increasing
-Drastic declines in the dividends that these companies can pay out to their millions of stock holders (many are retirees on fixed incomes) on an annual or quarterly basis.
-The fact that once you bump minimum wage workers that much, every person in their chain of command is going to demand a similar increase.
-The fact that you are creating a very odd salary discrepancy as already pointed out in this thread where the lowest skilled workers will now be making as much or more than some highly trained people.
I wonder how this translate into the cost of a Big Mac meal.
Basically they want double the min wage.
7.50 makes 15.00
But then 8 can't stay at 8 so he needs to go to 16.00
In essence all hourly workers get their pay doubled.
How would you like that..a 100% raise ?
And then all the workers end up making more than the Asst. Manager who averages $11/hour plus bonus (average $2K per year)
Glassdoor is where I got that asst. mgr info.
SWEET DEAL
But here's the big 64K question..will the prices remain the same ? Will each franchise owner just suck it up and absorb the doubling of labor cost and leave prices alone ?
I spent two years working fast food jobs in the late 1980s for $3.35 an hour flipping burgers, dropping fries, scrubbing pots, mopping floors, and taking out trash. Didn't like the work nor the pay. I didn't strike. I continued to apply until I got a better job with better pay. Fast food isn't a "living wage" career unless you become management and even then they're not paid much.
I know it's not thought of as a living wage career but nowadays many people who can't find better jobs are forced to work in that area. Isn't that what everyone wants? -- that people shouldn't sit and collect unemployment but should be taking whatever job is out there?
How it works is this,when mcdonalds cant get suitable help for the wage they are offering, they will offer more,or will close locations.
They will always find someone who will work for them even at $7.25 an hour---there are a lot of unemployed people.
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