Pap and Seder: McDonald's - They Love To See You Poor

[GoLeft TV]

Ring of Fire hosts Mike Papantonio and Sam Seder discuss the fantasy-like minimum wage budget that McDonald's has released for its employees.

More at Ring of Fire.

[daleanime]

1. K&R....

[lrellok]

2. why this is not included in any of these discussions amases me.

http://livingwage.mit.edu/

Its the same thing McDonalds attempted, but actually done correctly. They added up all expenses in a given area then divided by 2080 (40 hours *52 weeks), to get a wage you would need to live in a given region with a given household.

[snappyturtle]

3. I wonder how many McD employees get 40 hrs. a week? My guess:

very few.

[Dont_Bogart_the_Pretzel]

4. Don't they get around 25 hrs per week?

and if you are in management, you might get a little more hours, but pay still sucks.

[snappyturtle]

5. I don't know for certain but when McD's put out how its

employees should budget their pay it suggested a second job!

[Blue Owl]

6. Dollar Menu? Right this way, good sir...

[Half-Century Man]

7. Why do we talk about raising the price of a big whack?

Pay management less. 15% less or more.
They have seen spectacular growth of income while workers have seen stagnation. Flip it, no salary increases for the upper strata until the workers get 25% of the growth of income they have enjoyed for the last 30+ years.

I once saw something from the UAW that said that if the minimum wage had keep pace with executive pay increases; the minimum wage would be $25.00 an hour. That was 9 years ago.