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

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Replies

  • George KGeorge K Super Moderator Posts: 9,879 Senior Member
    Steven wrote: »
    Warren Buffet agreed with me.

    He is both venerable and sage.
    Keep your stinkin' government hands off my Medicare.
  • JulietJuliet Posts: 0
    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. :)
  • JulietJuliet Posts: 0
    Not for horny ugly girls.
  • JulietJuliet Posts: 0
    Steven wrote: »
    Not for horny ugly girls.

    You are indeed wise. Though not yet venerable.
  • fishnbanjofishnbanjo Senior Member Posts: 240 Senior Member
    Well I'm retired and make more than $15/hr. f5e25aa42c503e46289dc2f00f2aee77384f639.gif
  • jbillyjbilly Senior Member Posts: 5,201 Senior Member
    Since Pio isn't here...dang 25%er Fat Cat. ;)
  • fishingcomicfishingcomic Senior Member Posts: 23,739 Senior Member
    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.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

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