welfare vs wages

[Danzig]

or they could always take another look at how they pay the higher ups. i bet a 1% decrease to the ceo of many companies would more then compensate for the raise to most of the peasants.

[dellinger63]

Originally Posted by Danzig

or they could always take another look at how they pay the higher ups. i bet a 1% decrease to the ceo of many companies would more then compensate for the raise to most of the peasants.

I'll take that bet.

Another case of 'if you want/feel it, it's true' never mind the numbers.

According to a Forbes article I found the CEO of McD's was paid $8.75 million in salary in 2012.

An employee that works an average of 30hrs./week would work 1,560 hrs. in a year. At $2 higher an hour the added salary per employee would be $3,120/year. Dividing that into $8.75 million you get 2,804 employees.

According to the second article cited, McDonald's employs 760,000. That 2,804 that would be covered (if the CEO was to forfeit all his salary) would represent 3 tenths of one percent of all US Micky D employees.

Under your premise a 1% decrease in salary would be represent $87,500 and that divided by $3,120 would cover 28 employees.


http://www.bloomberg.com/news/2012-1...s-pay-gap.html

http://finance.yahoo.com/blogs/talki...170436977.html

[jms62]

Originally Posted by dellinger63

I'll take that bet.

Another case of 'if you want/feel it, it's true' never mind the numbers.

According to a Forbes article I found the CEO of McD's was paid $8.75 million in salary in 2012.

An employee that works an average of 30hrs./week would work 1,560 hrs. in a year. At $2 higher an hour the added salary per employee would be $3,120/year. Dividing that into $8.75 million you get 2,804 employees.

According to the second article cited, McDonald's employs 760,000. That 2,804 that would be covered (if the CEO was to forfeit all his salary) would represent 3 tenths of one percent of all US Micky D employees.

Under your premise a 1% decrease in salary would be represent $87,500 and that divided by $3,120 would cover 28 employees.


http://www.bloomberg.com/news/2012-1...s-pay-gap.html

http://finance.yahoo.com/blogs/talki...170436977.html

They have been paying 2 to do that position and 2012 compensation is 40 Million.
http://insiders.morningstar.com/trad...n.action?t=MCD

[dellinger63]

Originally Posted by jms62

http://insiders.morningstar.com/trad...n.action?t=MCD

She did say CEO. But using your numbers (Total Executive Compensation) not sure how many executives that covers but at $67.58 million, forfeiting 1% would make $675,000 and that would cover a $2/hr. raise for 216 employees per year. Not sure about the remaining 759,784 employees?

BTW Another failed 'hail Mary'.

[Danzig]

Originally Posted by jms62

http://insiders.morningstar.com/trad...n.action?t=MCD

that's amazing, isn't it?

but yeah, they can't afford to pay more to the people actually doing the work in the stores, the ones actually interacting with the customers on a daily basis. no customers, no business. the employees on the front lines are who they deal with, not the high paid execs. unreal.

[jms62]

Originally Posted by Danzig

that's amazing, isn't it?

but yeah, they can't afford to pay more to the people actually doing the work in the stores, the ones actually interacting with the customers on a daily basis. no customers, no business. the employees on the front lines are who they deal with, not the high paid execs. unreal.

I couldn't think of an easier CEO position than McDonalds. You build them and they come.

[Danzig]

Originally Posted by jms62

I couldn't think of an easier CEO position than McDonalds. You build them and they come.

yeah, i know it. i wonder how much work the top execs make to get that kind of salary?
meanwhile, the people who the customers actually deal with are the ones who make or break you.
and, as that study i put up showed, when wages are increased, the first thing the hr folks do is increase employees standards.
do you want disgruntled employees who don't care, or happy employees with high morale?

[Rudeboyelvis]

Originally Posted by Danzig

yeah, i know it. i wonder how much work the top execs make to get that kind of salary?
meanwhile, the people who the customers actually deal with are the ones who make or break you.
and, as that study i put up showed, when wages are increased, the first thing the hr folks do is increase employees standards.
do you want disgruntled employees who don't care, or happy employees with high morale?

Just another glaring example of this self-righteous, self-entitlement culture.

"He has more than I have, it's not fair that he isn't giving me more of his"

"He" has an obligation to do exactly jacksh1t for you (colloquially speaking, not you personally Zig).

He offered you a job and you agreed to take it for the specified, mutually agreed upon hourly wage.

That is the beginning and the end of that relationship. "He" is not responsible for your 2 babies out of wedlock, your child support, your happiness, your living arrangements, your transportation, etc.

"He" is responsible for running a business. "You" have every right to embrace that business and work as hard as you can to impress your bosses and ultimately get promoted to earn more money, if that is your choice. "You" have every right to tell him to shove his job up his asz and go work for someone else, or even yourself.

Minimum wage jobs should be scaled based on a lowest common denominator, ie. "How cheaply can I fill this job for?", rather than being strong armed by some self-entitled do-nothing that wants a ridiculous wage for providing precious little in return.

[dellinger63]

Originally Posted by jms62

I couldn't think of an easier CEO position than McDonalds. You build them and they come.

Yea earning a B.S. degree from Purdue in Electrical Engineering is a breeze. Then working at McD's since 1990, starting as an electrical engineer were all cush. Hell even Black Enterprise Magazine was fooled into making him 2007 Executive of the Year, considering all the other African American executives out there.

I bet he doesn't even work 30 hours a week.

[jms62]

Originally Posted by dellinger63

Yea earning a B.S. degree from Purdue in Electrical Engineering is a breeze. Then working at McD's since 1990, starting as an electrical engineer were all cush. Hell even Black Enterprise Magazine was fooled into making him 2007 Executive of the Year, considering all the other African American executives out there.

I bet he doesn't even work 30 hours a week.

Cut the strawman bullshit. Never did I say getting to the position was easy. I said that the CEO position at McDonalds doesn't seem as difficult as others and I would say it may be the easiest of all Fortune 500 companies. Typical bullshit from you :

[dellinger63]

You all realize this man grew up in Chicago's famed Cabrini Green public housing nightmare and made it out?

The guy should serve as a role model. Not a villain. But that doesn't put any money into the pockets of Sharpton & Jackson and again why let facts get in the way of a 'movement'.