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Originally posted by Phage
reply to post by onequestion
Your uttering complete nonsense telling me that someone should work for less then what it takes to survive.
Where have I said that? In fact, I said the opposite.
www.abovetopsecret.com...
Originally posted by Phage
reply to post by Aazadan
What do you mean they "ceased doing it?"
Then complain to the DOL about minimum wage laws.
Not exactly. There is a minimum wage. But there are a lot of unskilled people out there and those are the people who will always be there when profit margins on a product are low and it takes a low skill level to produce that product. The "solution" is not to pay them more.
Originally posted by Phage
Are you proposing that unskilled workers should be paid at the same level as skilled workers?
The question makes about as much sense as yours.
Really? How much you figure? What about the guys on the slow shift?
Think so? How many people 10, 15 people on a shift. Each one taking piece of that burger?
McDonald's makes an average of 6,480,000 hamburgers every day of the calendar. The most recent published numbers we found show McDonald's selling 4,500 hamburgers every minute of the day. That's 75 sold every second, not to mention the rest of their other lucrative menu items. In 2010, McDonald's saw total revenue of $24,075,000,000
Piece work is the answer to corporate greed. Ok. But no, because what you end up with is the same thing you're complaining about except that now instead of being "underpaid" by the hour you are now underpaid by the piece. In any case, you are sort of ignoring the fact that in spite of their best efforts, McDonald's doesn't sell as many burgers as they would like to. There's this thing called supply and demand. You can't sell an unlimited number of burgers.
Um. No.
If you go back to the 1950's-1960's one could own a home, goto college, and have extra money off of a minimum wage job.
There's also a lot of skilled people out there who simply have nowhere else to work.
Speaking from experience I take it. Have you been a construction manager working on, oh... say 5 or 6 projects at the same time. Each of which is in the neighborhood of 2 million dollars in value? They certainly require more education and responsibility than working in the kitchen.
Fast, yes. And yes, they try to control costs. That doesn't mean they are cheap. Air conditioning equipment, refrigeration equipment, kitchen equipment...not cheap. Snazzy tile finishes (at McDonald's anyhow). But you know the franchise owners bear a good percentage of the costs, don't you?
Right. No pesky building codes to bother with. No pesky trade unions. No safety laws to comply with. No minimum wage requirements.
this is wrong in sooooo many ways, i'm not sure where to begin.
that doesn't mean that every person's place is worth a lot of money. Some jobs don't create much money when viewed in the large scale. That doesn't mean there is no value, just that there is not as much. It turns out that some jobs don't produce enough on an individual basis to justify a higher wage. That's why they are low paying jobs.
care to compare jobs/payrolls with similar skill sets ??
Higher paying jobs are harder to come by. There is more competition for them. They require higher skill sets.
Originally posted by Phage
In 1956 the minimum wage was $1.00/hr or $2080/yr. The "poverty level" was $3,000/yr. Are you saying that people 30% below poverty level could "own a home, goto college, and have extra money"? That's some kind of good poverty.
www.infoplease.com...
www.commentarymagazine.com...
I worked minimum wage in the 60's and 70's. I was single. I couldn't have "owned a home, gone to college, and have extra money" but it did buy me gas, food, and rent. Working minimum wage has always meant two things; you can't comfortably support a family working 40 hours a week, the only way out is to improve your skill set and get a higher paying job.
Then why do we see things like this?
jobs.aol.com...
I didn't say it is.
first of all, a person's job is not necessarily his 'place' in society.
Mostly so the union can support itself on union dues and various other sources of income from the employer. But union laborers are not unskilled. For the most part they are quite well trained. There are also graduated pay scales based on experience and training.
if skill is the determining factor in your logic, then why do 'ditch diggers', who are also UNION members, earn top dollar for their very NON-skilled labor ??
Your version of what union laborers do is inaccurate but if all they are doing is "dancing" with a shovel, they are being overpaid.
but i tend to believe that the ability to 'cook' anything takes far more skill than dancing with a shovel
I'm not. It's a generic term. McDonald's calls them "crew".
and why are you picking on 'cooks' anyway ??
fast food joints have plenty of employees who are not cooks.
I don't see "owning a home, going to college, and having extra money there". Do you? I don't see supporting a family there. Do you?
I'll counter your links with one of my own.
Your source for that statistic?
I also want to point out that per capita there were fewer minimum wage jobs than today.
You'd be surprised what some companies are willing to pay for in order to get qualified personnel.
That doesn't change the fact that those jobs are largely concentrated in a handful of cities, and unless you live in one of them or can afford to move to one (hint: people that aren't making much money can't do that) those jobs aren't for you.
in response to onequestion on pg 27.
Sure, everyone has a "place". But that doesn't mean that every person's place is worth a lot of money.
not quite.
Supply and demand works in the labor market just like it does in the retail market
ummmm, NO.
Mostly so the union can support itself on union dues and various other sources of income from the employer. But union laborers are not unskilled. For the most part they are quite well trained. There are also graduated pay scales based on experience and training.
as family of a union steward, i'm pretty sure i'm familiar with the schtick, thanks anyway.
Your version of what union laborers do is inaccurate but if all they are doing is "dancing" with a shovel, they are being overpaid.
which is likely the real rub here.
targeted fast-food chains including McDonald's, Burger King, Wendy's and Yum Brands, whose chains include KFC and Taco Bell. Workers are [color=amber]also seeking the right to unionize.
Originally posted by Phage
I don't see "owning a home, going to college, and having extra money there". Do you? I don't see supporting a family there. Do you?
Your source for that statistic?
You'd be surprised what some companies are willing to pay for to get qualified personel.
actually, it isn't.
But your claim that minimum wage jobs have ever provided an income above poverty levels is completely fallacious.
Originally posted by TDawgRex
Originally posted by earthling42
reply to post by camaro68ss
That is not to much, $15 is far above poverty lineedit on 29-8-2013 by earthling42 because: (no reason given)
$15 is not that far above the poverty line at all. based upon a 40 hour work week, 52 weeks a year it comes out to $31,200...BEFORE taxes. And other expenses, like the various insurances, utilities, rent/mortage, food & clothing. It gets pissed away rather quickly.
You're a bit low. 4.75% would be a better figure.
a 4% interest rate (I couldn't find the actual interest rates but plenty of comparisons that 4.17% was the lowest average rate since the 50's)
The fact that we're outsourcing jobs and replacing them with Starbucks workers.
That possibility is that McDonald's could double its restaurant-worker wages and not increase its prices at all ... but instead just make a little less money. In other words, it could better balance the interests of all three of its stakeholders — shareholders, customers, and employees — instead of shafting employees to deliver as much profit as possible to shareholders.
According to the Kansas City researcher who did the original wages-to-Big Mac study, McDonald's spends about 17% of U.S. revenue on employee salaries and benefits. If that ratio holds true worldwide, McDonald's would have spent about $4.7 billion on salaries and benefits last year, on revenue of $27 billion. Meanwhile, the company made about $8.5 billion of operating income. (This is for the corporate parent, not the franchises.).
If McDonald's doubled the wages of its restaurant employees (not management, which is presumably very well-compensated), it might add, say, another $3 billion of annual expenses. This would knock its operating profit down to a still healthy $5.5 billion.
Importantly, however, $5.5 billion is still a lot of money. McDonald's would still be very profitable.
edit on 31-8-2013 by filledcup because: (no reason given)edit on 31-8-2013 by filledcup because: (no reason given)edit on 31-8-2013 by filledcup because: (no reason given)