Former President Of McDonald’s USA Destroys Phony Fight For $15 Argument

Discussion in 'Politics' started by JohnnyWeedSeed, Apr 26, 2016.

  1. The USA President of McDonald's Just Dropped a BOMB About $15 Minimum Wage...

    "For some reason, liberals just won’t listen to the many voices of reason when it comes to the minimum wage debate.

    So many of the things conservatives have warned about have already come true.

    Carl’s Jr. is automating restaurants and replacing workers with machines.

    Seattle is losing a significant amount of jobs in the immediate aftermath of raising the minimum wage.

    This isn’t rocket science everyone.

    If the overwhelming evidence against the fight for $15 argument isn’t enough then check out what a former McDonald’s executive has to say about it.

    From Forbes:

    I worked for the company for three decades, and served as its USA President for 13 years. I can assure you that a $15 minimum wage won’t spell the end of the brand. However it will mean wiping out thousands of entry-level opportunities for people without many other options.

    The $15 minimum wage demand, which translates to $30,000 a year for a full-time employee, is built upon a fundamental misunderstanding of a restaurant business such as McDonald’s. “They’re making millions while millions can’t pay their bills,” argue the union groups, suggesting there’s plenty of profit left over in corporate coffers to fund a massive pay increase at the bottom.

    In truth, nearly 90% of McDonald’s locations are independently-owned by franchisees who aren’t making “millions” in profit. Rather, they keep roughly six cents of each sales dollar after paying for food, staff costs, rent and other expenses.

    Let’s do the math: A typical franchisee sells about $2.6 million worth of burgers, fries, shakes and Happy Meals each year, leaving them with $156,000 in profit. If that franchisee has 15 part-time employees on staff earning minimum wage, a $15 hourly pay requirement eats up three-quarters of their profitability. (In reality, the costs will be much higher, as the company will have to fund raises further up the pay scale.) For some locations, a $15 minimum wage wipes out their entire profit.
    A killer piece from someone who clearly knows a little bit more about the situation than some of these protesters that unions pay to stand outside of fast food joints. I definitely recommend you read the whole article

    The ironic thing here is that the people who get hurt the most by this push for a higher minimum wage are the low level workers who depend on it so much. Their jobs are the first to go.

    It also hurts the consumer since it forces small businesses — who don’t make as much profit as people think which this article points out — to pass on the higher costs to the consumer in the form of higher prices.

    The numbers are the numbers and just because you want to pay someone more money that doesn’t mean the job they perform corresponds to that dollar value for the business. If you start messing with that number arbitrarily, bad things happen.

    And they already are."

    No surprise here. When will people realize that you can not meddle in the economy without bad things happening?
  2. I'm all for helping people out of the hole that is poverty, but trying to legislate wealth into people's pockets is never going to work. Minimum wage has always been bad economics, it is at best a band-aid solution. Helping people develop skill sets that make them valuable is the solution.

    It's not only unreasonable to expect someone to pay you more than you're worth, it's just economically impossible. Even if you somehow force a business to do so, they'll eventually go bankrupt or find an alternative and you're back in the unemployment line anyways.

    People also need to ask themselves what labor unions stand to gain from legislated wage floors.
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  3. I didnt read this at all. When minimum wage at mcdonalds was $9 i made about 120 a week. When minimum wage when up i got 3 or 4 hours a weel. So like $200 a month, needless to say i quit.

    Majority of people live in a fantasy land where they think lowering taxes and raising minimum wage does any good. Theres a reason for all these bernie supporters
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  4. math is awesome, it works both for growing pot and the economy.
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  5. McDonald's argument actually falls on deaf ears. What they're really saying is that they refuse to adjust their prices due to local (which could mean statewide), difference in the base cost to run the business. Yes, the dollar menus at those locations should evaporate, but on the other hand, dollar items have been around since the late 80's if I recall. It's not like people will stop going to fast food just because they have to pay a higher cost for the cheapest items.
    In Europe, some of the countries have a much higher minimum wage, and it did mean the food was more expensive, but if I recall the article, I think the price for a Big Mac was only 15% to 20% higher in Denmark if I recall, in spite of the minimum wage being considerable higher than in most places in the United States.

    The biggest problem is that fast food restaurants don't want to raise prices, but even that's a hollow argument. If all the fast food joints (and I'm using the fast food industry as an example here) raises their prices collectively, people in those areas of the country will just get used to higher prices, and it doesn't really take long.
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  6. When you sell hamburgers, you think every problem is solved with ketchup.
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  7. If youre gonna quote ghandi at least mention him
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  8. I 'm against raising the minimum wage to an astronomical amount of $15 dollars an hour.

    This is merely my opinion, I have absolutely no facts to back this up:

    I believe the majority of the proponent are hipsters who went to university, took astronomical student loans for a philosophy degree and expected to find a career within our current job market. Ended up working at a fast food restaurant besides immigrants, ex cons, and high school graduates and now feels entitled to 15 dollars an hour.

    I understand that some individuals have no choice, such as ex cons, I believe we need to fix the prison industrial complex and end the war on drugs.

    1) Legalize Marijuana
    2) Drug Users sent to Rehab
    3) Reserve prison for actual criminals.
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  9. In truth, there is only one way to regard a minimum-wage law: it is compulsory unemployment, period. The law says, it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means, plainly and simply, that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum-wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.

    If the minimum wage is, in short, raised from $10 to $15 an hour, the consequence is to disemploy, permanently, those who would have been hired at rates in between these two rates. Since the demand curve for any sort of labor (as for any factor of production) is set by the perceived marginal productivity of that labor, this means that the people who will be disemployed and devastated by this prohibition will be precisely the "marginal" (lowest wage) workers, the very workers whom the advocates of the minimum wage are claiming to foster and protect.

    The advocates of the minimum wage and its periodic boosting reply that all this is scare talk and that minimum-wage rates do not and never have caused any unemployment. The proper riposte is to raise them one better; all right, if the minimum wage is such a wonderful antipoverty measure, and can have no unemployment-raising effects, why are you such pikers? Why you are helping the working poor by such piddling amounts? Why stop at $15 an hour? Why not $25 an hour? $100? $1,000?

    It is obvious that the minimum-wage advocates do not pursue their own logic, because if they push it to such heights, virtually the entire labor force will be disemployed. In short, you can have as much unemployment as you want, simply by pushing the legal minimum wage high enough.

    The Crippling Nature of Minimum-Wage Laws

    Very good read on
  10. If you want McDonald's employees keep their jobs don't use the machines . I refuse when I'm asked to I tell them why I won't . The manager is always like no no that's not what we are doing I just lmao at his face . In fact I have never seen a single person use those machines fuck em

    there's certain accidents where you may be drunk and on drugs.
    but it's going to happen weather you are or your not
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  11. Damn dude, I was trying to sound smart.:(
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  12. Some people would get used to higher prices, others would stop eating out as often. I used to eat fast food fairly frequently but now that it cost $15 for a couple of burgers and fries I hardly ever give them my business. And not because I can't afford it, it's just not worth it. Raise the price of eating at a fast food joint to $20 and I'm grilling steaks for me and the old lady.
  13. Do you really think those of us in the bottom want to hear an ex executive of McDonald's tell us we are asking for to much when he made more money than my entire family will in their lifetimes? Probably more than my entire block. And that would be fine if his company wasn't one of the leading companies pushing to keep us in long hour low wage jobs without health insurance or any sick time. Women go back to work before fully healing from birth for minimum wage.
    This is the kind of anger pushing for change you won't understand unless you have lived in poverty, and minimum wage is fucking poverty. If my power goes off I can be evicted, car breaks down can't make it to work, you might lose EVERYTHING. That's why we want a safety net of some kind, be it increased wage or better mandatory benefits. If I can't afford bread, eat cake. Is that it?

    Sent from my VS985 4G using Grasscity Forum mobile app
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  14. Is there some reason you couldn't learn a trade that pays more than minimum wage? If you really are in the bottom why do you think you must stay there? Minimum wage jobs should be starter jobs, places to work while improving your skills so you qualify for higher paying jobs. They're not career opportunities.
  15. Yeah it should be but it's not. I'm a father of three who battled mental illness and addiction. I'm a manager by career training. There's a lot of very specific events in my past just like many others. We aren't stupid and lazy. Sure some of us are, but many more were just not born in the right place or circumstance, many have medical issues that prevented them earlier in their lives. I've made it to a point where I am worth more than minimum but that's fucking lucky. And it's not even that much more.
    Minimum wage worked that way in the seventies, before education was stripped, before inflation skyrocketed and wall street was deregulated, before Iraq 2.0 and the housing market crash which prompted us,into the greatest American depression since the thirties; it worked that way before all of that.
    So it's not laziness or stupidity or drugs and liquor. Those are the results of long term economic hardship.
    Like I said if you lived it you would likely share our frustration.

    Sent from my VS985 4G using Grasscity Forum mobile app
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  16. Even asking me why I couldn't figure it out, like the blame is squarely on us, when the game has been rigged against us since the mid 80's is frankly infuriating and makes me think that people who haven't been here have no fucking clue how it is for them now and don't care or have a disdainful view because of it.

    Sent from my VS985 4G using Grasscity Forum mobile app
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  17. I'm trying to do this watching a toddler and holding a baby my thoughts aren't coming out as well as I would like lol

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  18. The more machines, the cheaper our products.

    The cheaper our products, the lower the cost of living.

    The lower the cost of living, the less we work.
  19. Unless of course

    more machines, less operating cost for buisnesses, more profit for the top, more consolidation of wealth, more consolidation of poverty.

    Both are liable options.
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  20. You can't run a country with a poor majority. That would be a recipe for instant socialist revolution.

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