welfare vs wages

[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