If McDonald's Employees Should Get $15 an hour...

George K

Steven wrote: »

Warren Buffet agreed with me.

He is both venerable and sage.

Juliet

Steven wrote: »

Why are diamonds more expensive than water?

Because every kiss begins with Kay.

Though I suspect that many more kisses begin with budweiser, but Budweiser's marginal utility declines at a greater rate than that of diamonds.

Juliet

Not for horny ugly girls.

Juliet

Steven wrote: »

Not for horny ugly girls.

You are indeed wise. Though not yet venerable.

fishnbanjo

Well I'm retired and make more than $15/hr.

jbilly

Since Pio isn't here...dang 25%er Fat Cat.

fishingcomic

jbilly wrote: »

Lets get back to McDs.

According to what I could find on line they employee 440k in the US.
http://www.macroaxis.com/invest/ratio/MCD--Number_of_Employees

Lets say of that 440k 65% of those employees make minimum wage (my estimate is probably on the low side)...so 286000 folks making minimum wage

Now let say of those 286k (remember they are full time and part time employees) they average 24 hours a week (60% of a full week).

So at minimum wage of $7.50 an hour those 286k employees get paid a total of 2.677 billon per year.

Now we want that doubled. So were does the new 2.677 billion come from?

We can't take that all from the CEOs salary.

http://www.cnbc.com/id/101686710

McDonald's on Wednesday said it plans to return $18 billion to $20 billion to shareholders between 2014 and 2016 through a combination of dividends and share repurchases.