Last time it hit $100 and its been a while back it retreated back to the 80's. Of course this is after Skinner left and may have had to do with current management. Just sayin!
The problem in our society is that the jobs at Burger King and McDonalds may have never been intended to support a family - they are now the only jobs available as we become a service oriented economy. The US government borrows money every month to pay for food stamps and day care for these employees. 5 to 7 billion a year was the figures on the news last week - that does include Walmart. The average age of a McDonalds employee is now 29 years old. If we are to do something about the national debt the US government can't keep subsidizing the service industry. There are a lot of hard working people receiving entitlements from the government. There are no easy answers to solve this problem. Bringing jobs back to the USA would help.
I spent a summer working at Burger King and another summer working at McDonalds, each summer earning minimum wage. Of course, I was only 16 years old. The fact that decent manufacturing jobs are gone for good has zero relevance on how the free market looks at fast food jobs. They were never meant to support a family back when I was working them 25 years ago, and the same is true today. Instead of venting all your ire at companies that are actually still keeping people employed (even at minimum wage), why not vent your ire at those companies that are moving all their labor force outside the USA.
There will come a time when the fast food industry will say the heck with it and look to automate most of the current jobs away through technology. The more the unions and politicians agitate the industry, the faster that will happen. The current fast food workforce should be thinking about that. Then you really will have something to complain about bhenning32 as you will be unemployed and completely at the mercy of society like your fast food worker brethren.
One last point that the constant bashers never seem to realize, is that only a portion of the McDonalds in existence are actually owned by McDonalds the corporation. Most franchises are owned/operated by individuals. So you really are asking them to shoulder the 50% pay raise for all the employees and not the corporation. Given the small margins McDonalds franchises operate on, that will no doubt make those owners very unhappy as their usual yearly profit quickly plummets 90%. In essence, they are the owners and have taken all the financial risk, yet now they are making the same 'wage' their employees are making. In liberal world I guess that seems very fair, ha ha ha. Punish the risk takers, reward the sheeple.
I have a question to the audience, here (although on another topic, I posed the same question). Can one (or more) of you estimate the minimum wage content of the average big mac? By that, I mean the labor content of the people who are entry level and make bupkis for the work they do in the store.
Answers.... with some basis.... would be appreciated.
Shep, here is a serious question. Now, I'm not attacking your comment directly. True, that many fast food workers aren't highly skilled; but nonetheless.....
Believe me. I'm really serious so please don't blow it off. Without respect to the demonstrable fact that a number of McDonalds menu products are low margin, Others aren't.
Can you estimate the minimum wage cost content of a big mac? By that, I mean, just how much of McDonalds employees who are minimum wage who contribute to (a) cooking, (b) assembling, and (c) bagging and selling that sandwich?
Now, I know that since one employee can at one point in time be bagging a sandwich; at another, bagging French fries, and so on. Thus the answer would need to be the result of how many sandwiches are sold, how many drinks are sold (ok, not a lot of labor pulling a cup out of a bin and putting on a tray, but still), how much time is spent with a guest, getting an order and collecting payment. The point I'm trying to make is that, fast food, not unlike retail, not unlike... oh, pick some service industry..... is all that minimum wage labor intensive on a per unit of measure basis.
And so then, knowing I'm suggesting heresy, why not givem some more $? Eh? So what, if the dollar menu becomes that buck and a quarter menu?
Really, I'm not attacking. I'd like to hear your thoughts.
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Funny you should mention Rocket Scientists. I have a friend who used to be exactly that. Now he`s a Rocket Scientist making $ an hour repairing fork lifts.Of course being that this is TN, a Miserable Right To Work State he works Twenty Nine hours a week and his benefit package consists of being allowed to show up and work his #$%$ off. Forty percent of McDonalds employees who used to work in occupations that paid a great deal more. Now those Decent Jobs are gone for good. Even if ALL of the Mc Donalds Employees were Dim Wits there is no excuse in the World for them to earn so little from a company that Profits off their labor to the degree they do. Treat your employees with respect and decency and pay them a decent wage and you create a great workplace where the employees will be proud to say they work at Mickey Dees instead of being ASHAMED. You are probably Republican which means my reply will fall on Deaf Ears.
PS Are you a Rocket Scientist?
The greedy lazy unions will pur America out of business just like they did with GM and Hostess and a bunch of other companies.
My neighbor's wife is from Bolivia. When she cooks, the food is very fragrant. However, I wouldn't eat the stuff even though the smell will have you salivating...I don't know what kind of animal meat she uses. She's so good that she makes pineapple juice from fresh pineapple by boiling the skins...I drand that & it was yummi.
People are too busy to cook. A quick visit to a fast food is just what the doctor ordered. If you look at the charts going back five years, there is always a bump up over the new year. Good luck with your 83.5. You are not going to see it.
Actually, MCD was giving some advice to employees who may not be rocket scientists. You have to admit if the only job you can get is working at MCD, you are not highly skilled, so the suggestions were trying to help the employees do better in life. So people like you can make fun of that, but some people would never think of returning gifts for cash to pay off debt. Getting out of debt is a great thing to do. In this day of credit cards, I am disgusted with how many people have huge balances on their cards. I pay mine off every month and never plan to pay interest on it, but in this day of "NOW", unskilled workers might run up huge balances and not consider how much interest they are paying. The credit card industry is like the mortgage industry was a few years ago. Not everyone was cut out to be a home owner, and not everyone needs a credit card.
Sentiment: Strong Buy