How Much More Would a Big Mac Cost If Worker Wages Were Doubled
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I firmly believe that America’s blue collar workers need to be paid a decent wage, but I’m not sure working at McDonald’s qualifies you to make $15 an hour. I mean are we really going to have “career” fast food workers, and if so, what happens to the incentive to better yourself?
Finally, if the public weren’t impacted unnecessarily, would the corporate bullies that run the fast food chains consider such a pay hike?
A recent story in the Huffington Post found that, based on a study by a University of Kansas researcher, if McDonald’s immediately doubled the wages of all its workers (including the $9 million CEO), it would have to raise the price of a Big Mac 68 cents, from $3.99 to $4.67, reports the . Items on the Dollar Menu technically wouldn’t qualify anymore, but that hike is relatively modest as well, to $1.17.
“Some folks online are complaining they will not pay $2 for their Dollar Menu, but the truth is that even if McDonald’s doubled salaries the price hike would not be 100%,” says research assistant Arnobio Morelix, who crunched numbers from the chain’s annual reports and investor data, reports Forbes. He found that for every dollar McDonald’s earns, about 17 cents goes to wages and salaries. Yes, a 68-cent Big Mac bump might be a lot for low-income diners, writes Aimee Picchi at MSN Money. But the nation as a whole might be better off, she writes, noting that minimum wage workers often need food stamps and other aid. “Looking at it that way, it may be a bargain to pay 68 cents more for a Big Mac.”
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The biggest problem with these large chains like McDonald’s, Burger King, etc. is that by raising the minimum wage would cut into the vast salaries at the corporate level or the the dividends of the share holders. Until America gets real about the disparity in wages between the corporate level people and the worker level people there is little hope for change. There is no real justification in the amount of disparity in the income levels of the two groups. How does one justify the CEO of McD’s making $9 million and a worker making $10,000. It is just plain absurd.
As always old bean. You are correct. Sadly the $9 million guy won’t agree. Ever. I know because, as a former Union rep I dealt with these greedy, selfish self opinionated bastards.
…and they always will be.
As a driving instructor out on the roads much of the day I regularly use McDonalds in what I consider to be the only sensible way to use it.
I enter, go into the toilet, use it then leave.
Give me a Greggs pasty any day!
(Greggs are a ubiquitous northern English bakery with a shop in every town in Britain. Best pasty’s in the Universe)
Not having bought more than a coffee at a McDonald’s in years, their prices are not relevant to me. What is relevant is that it is not onloy the prices of their “food” that would rise but most other things in the country as well. When a sudden jump in wages is made, there is also a sudden jump in spending and businesses take advantage of that to raise prices. In the end, no one is better off and the middle class, who usually do not benefit from minimum wage hikes is further squeezed into the low-income bracket.
Who was it that said, “I dreamed of making the salary I can’t live on today.”