McDonald's Tells Employees to Consider Returning Holiday Gifts to Get Out of Debt

Posted by $ nickursis 12 years, 6 months ago to Business
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Well, thats really nice of them...

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  • Posted by Hiraghm 12 years, 6 months ago in reply to this comment.
    Investors are not selling themselves, their skills, or their industry. Investors are gambling.

    An investor is not a laborer. A stork is not a moose.
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  • Posted by $ Mimi 12 years, 6 months ago in reply to this comment.
    Better health care for me has always meant access to the best doctors. Try again.
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  • Posted by $ Hiraghm 12 years, 6 months ago in reply to this comment.
    Assuming that the "bad employees" don't fall into one of the plethora of "minorities" so they can sue for being fired.

    Assuming that you can find someone who will be enough better to be worth the added expense and paperwork (thank you IRS).
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  • Posted by $ nickursis 12 years, 6 months ago in reply to this comment.
    Please, don't get me started on the price of gas. The whole gas thing is a classic example of manipulation by all parties. Traders, companies, brokers and countries. There is more oil in the US now than ever yet gas prices remain above 3.00, because we now export it. The discussion above also leave out the impact of stock on the equation, in the last 10-15 years the price of stock has moved front and center to the discussion of "cost cutting". Companies will do anything to cut costs to get the stock price up so the management and board paid in stock can get the "most". While wages play a part in costs for employees, other things factor in as well, such as health care (remember Obama Care?) and taxes. Each employee represents a load on a company that is much larger than just their wages. I bet we could trade Obama Care for a 2.00 an hour increase in min wage and still not see one drop of inflation.
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  • Posted by Boborobdos 12 years, 6 months ago in reply to this comment.
    ROFL... Just get rid of the bad employees. It's no where near as hard as some screech about.

    BTW YOUR suggestion would prove to be way too expensive for McDonald's. Those who excel move up the restaurant food chain to different organizations like Dennie's, Friendlie's, etc. So, McDonald's is stuck with marginal employees and has to train new ones.

    It just doesn't work that way. If McDonald's wants to keep someone they figure out a way to pay them.
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  • Posted by $ Hiraghm 12 years, 6 months ago in reply to this comment.
    No, I haven't. If you look at what you can buy today with the current yearly wage with what you could buy in the past on that wage... it about balances out.

    $7.25 an hour is an exponential increase from 40 cents an hour...

    As I said, when you raise the minimum wage, every employer has to raise prices. That means not only does your Big Mac go up... so does the price of producing the two all beef patties, the special sauce, the lettuce, the cheese, ,and the sesame seed bun. The producers of the trays and cardboard containers labor costs go up, the companies who make the cleaning products for the grills, the companies who make the grills, the companies who make the containers for the cleaning products for the grills. Each passes the added expense on to his customers, who pass it on down to the retail customer... you.

    When the minimum wage was 40 cents, a cheeseburger cost a dime. Now that it's $7.25, the dollar menu sells one for a buck; 25% of the hourly wage vs 13%. And the dollar menu burger has two patties.


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  • Posted by XenokRoy 12 years, 6 months ago in reply to this comment.
    Lets say McDonald has 3 great workers on a shift and 3 not so great workers. Remove minimum wage and the 3 not so great workers would likely get about 4.50 to 5 an hour. The three great workers would get 10. Put minimum wage in and they all get the same. Without minimum wage limits then the employers must pay better to those whom they want to keep and see as valuable, with minimum wage they need not do it because no one can afford to do it. This means that doing a great job or a mediocre one makes no difference and many that could do great work will not do so.

    So yes minimum wage causes oppression in several forms. First it steals from the good workers to give to the bad ones. Second it eliminates reward for extra effort which causes the third, the demoralization of the good worker into being just another average worker.
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  • Posted by XenokRoy 12 years, 6 months ago in reply to this comment.
    If nothing else you gave me a good laugh. Its like this all over, although Wallmart has to be one of the worst.
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  • Posted by Boborobdos 12 years, 6 months ago in reply to this comment.
    Ahhhhh, I get your point of view now. Corporate organizing to set a price good, labor organizing to set a price bad. Why didn't I think of that?
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  • Posted by Hiraghm 12 years, 6 months ago in reply to this comment.
    There is no connection between paying more for health insurance and getting better quality health CARE.

    I highly doubt they'll get better health *insurance*, since the offerings of Walmart were pretty much jaw-dropping.

    I predict in a few years Walmart will increase their workers' average pay, because the federal government will once again mandate an increase in the minimum wage.
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  • Posted by Boborobdos 12 years, 6 months ago in reply to this comment.
    I predict that within the next few years Walmart will increase their workers' pay by a percentage of what the current insurance costs and tell their employees to get Obamacare. It will be cheaper for Walmart and the employees will get better health care.
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  • Posted by Boborobdos 12 years, 6 months ago in reply to this comment.
    Mensa has been defined as the top 2% since the change from 1%. Your "experience" seems to vary from the actuality.
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  • Posted by Boborobdos 12 years, 6 months ago in reply to this comment.
    Claimed: "Every time the minimum wage has been raised since then, prices have risen accordingly."

    Why does the term diaper load come to mind? Here is a history of minimum wage: http://www.thedigeratilife.com/blog/fede...

    Now, explain why prices have in some cases grown almost exponentially while both minimum wage hasn't gone up much and unionization in general is down.

    Looks to me like you got it exactly backwards.
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  • Posted by khalling 12 years, 6 months ago in reply to this comment.
    there is a great Buffy episode on point. Frankly, it is an incredibly quick way for an unskilled worker to move into supervisory and then managerial positions. Resume boosting. But the point is ENTRY level. why unionize positions which by their very descriptions mean employees will turn over very quickly?
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  • Posted by Hiraghm 12 years, 6 months ago in reply to this comment.
    I never said that unions weren't working to get into McDonald's.
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  • Posted by $ Hiraghm 12 years, 6 months ago in reply to this comment.
    The one *buying* the labor is the one who determines its value to him.

    The laborer can set the price of his labors... and if the demanded price exceeds the value of the work to the employer, the employer should be able to hire someone else, instead.
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  • Posted by Boborobdos 12 years, 6 months ago in reply to this comment.
    Who determines the value of the labor? The company or the people supplying the labor?

    I sure you agree that the business can set the price of their product. Why can't a laborer set the price of his labors?
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  • Posted by $ nickursis 12 years, 6 months ago in reply to this comment.
    Yes indeedy do! A vicious lot they are too... untameable...not mention short ranged not at all a fit weapon for real war.
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