McDonald's Dollar menu could go up to $1.68!!!

[Eastoff]

http://www.huffingtonpost.com/2013/07/29/mcdonalds-salaries_n_3672006.html?ir=Detroit

Doubling the salaries and benefits of all McDonald's employees -- from workers earning the federal minimum wage of $7.25 per hour to CEO Donald Thompson, whose 2012 compensation totaled $8.75 million -- would cause the price of a Big Mac to increase just 68 cents, from $3.99 to $4.67, University of Kansas research assistant Arnobio Morelix told HuffPost. In addition, every item on the Dollar Menu would go up by 17 cents.

e: could a mod fix my dollar menu statement.

 

[PtldPlatypus]

I wonder how much the prices would increase if they didn't double the salaries of the 6 & 7 figure executives...

 

[ABM]

I wonder how much the prices would increase if they didn't double the salaries of the 6 & 7 figure executives...

The Big Mac price would be raised 14.748 cents

 

[maxiep]

The OP is arriving at the wrong conclusion. McDonald's is one of the most efficient enterprises in the world, and changing the minimum wage causes them to raise their prices by 17%.

Ripple that through the economy, with enterprises who operate much less efficiently than Mickey D's, and suddenly you have real purchasing power erosion.

Not all enterprises are as reliant on minimum wage inputs as MCD, but many of the places where we get our daily purchases--food, gas, etc.--are built on minimum wage jobs. That is real purchasing power erosion, and it would happen overnight. Is everyone willing to lose 5%-7% of their purchasing power? It would act like a butterfly that flaps its wings and causes a hurricane halfway across the world. Start at the bottom and that erosion ripples all the way up to durable goods and even housing.

Raising the minimum wage is a disaster that would ironically hurt the people its trying to help the most.

 

[jlprk]

You may be on to something, maxiep--pay everyone minimum wage, including McDonalds executives and yourself. This would lower prices, because people with money like you had been making would no longer buy high-priced things.

 

[jlprk]

e: could a mod fix my dollar menu statement.

It appears that no moderator has a mathematical mind. Anyway--a giant truck van filled past the top with French Fries turned over on the freeway!

http://www.latimes.com/local/lanow/...french-fries-freeway-20130730,0,6356952.story

 

[Boob-No-More]

Who gives a fuck? I wish the price of all McDonald's menu items would go up 100 fold. We'd save trillions in health care costs if people couldn't afford to eat that shit.

BNM

 

[BigGameDamian]

I wonder if Obama eats from the McDonald's dollar menu?

 

[EL PRESIDENTE]

I wonder how much the prices would increase if they didn't double the salaries of the 6 & 7 figure executives...

probably a lot since those executives have the education and business acumen to rise to the top, unlike minimum wage monkeys who can be replaced by basically anyone.

 

[MARIS61]

The OP is arriving at the wrong conclusion. McDonald's is one of the most efficient enterprises in the world, and changing the minimum wage causes them to raise their prices by 17%.

Ripple that through the economy, with enterprises who operate much less efficiently than Mickey D's, and suddenly you have real purchasing power erosion.

Not all enterprises are as reliant on minimum wage inputs as MCD, but many of the places where we get our daily purchases--food, gas, etc.--are built on minimum wage jobs. That is real purchasing power erosion, and it would happen overnight. Is everyone willing to lose 5%-7% of their purchasing power? It would act like a butterfly that flaps its wings and causes a hurricane halfway across the world. Start at the bottom and that erosion ripples all the way up to durable goods and even housing.

Raising the minimum wage is a disaster that would ironically hurt the people its trying to help the most.

The sky is falling! You crack me up. The minimum wage has been raised many times, always in the face of the same ridiculous warning that just never comes true. It's a pittance that ends up coming off the top of the company's glutanous profits, and has the added benefit of injecting cash into the economy.

 

[Denny Crane]

I wonder how much the prices would increase if they didn't double the salaries of the 6 & 7 figure executives...

Realistically? If you cut their pay to $0, it'd cut the price of a big mac by way less than $.01.

 

[3RA1N1AC]

It says 1.17, but whatevz, they would just find a cheaper "meat" to offset the cost

 

[PapaG]

In the olden days, entry-level jobs at McDonald's were for people just entering the workforce, be they HS kids looking for some money, or HS grads w/out college who wanted to move into management at some point in life.

In Obama's America, dumping fries into a basket and setting a timer seems to be a job that adults need to support an entire family, and they want to be paid accordingly.

McJobs, indeed. I do give fast food credit in that they don't move people to the counter, typically, until they prove they can actually set a timer or make a hamburger.

 

[jlprk]

I agree with Papa. In the olden pre-Bush days, adults could find better jobs. Then came the insane years of 2001-08.

probably a lot since those executives have the education and business acumen to rise to the top, unlike minimum wage monkeys who can be replaced by basically anyone.

Just for a day (you won't make it past 4 hours), try a physical labor job, not a retail job like McDonalds. That's what most minimum wage jobs are.

Simply look up temporary daily employment. Each agency's description will help you find where the Mexicans work.

I lasted a full day. Mud all over my clothes, soaking wet from the rain, knees not bending, blisters from piledriving the sledge hammer. I needed a week of sitting around the house to recover.

 

[MickZagger]

I agree with Papa. In the olden pre-Bush days, adults could find better jobs. Then came the insane years of 2001-08.

lol, this is why I don't completely ignore you. That was great.

 

[jlprk]

If I tolerate everyone boring me, they can damn well tolerate me boring them!

 

[3RA1N1AC]

Remember when america used to produce things? And an adult could make a living doing so?

Thanks obama

 

[EL PRESIDENTE]

Just for a day (you won't make it past 4 hours), try a physical labor job, not a retail job like McDonalds. That's what most minimum wage jobs are.

Simply look up temporary daily employment. Each agency's description will help you find where the Mexicans work.

I lasted a full day. Mud all over my clothes, soaking wet from the rain, knees not bending, blisters from piledriving the sledge hammer. I needed a week of sitting around the house to recover.

Been there done that.

 

[PapaG]

Been there done that.

I worked on oil rigs and an Exxon dehy plant for a summer of college. 7 days on, 7 days off on the rig, 12 hours a day. Dehy plant was in LaBarge, WY. I worked 31 straight days during a shutdown, minimum of 10 hours, max of 16. Made shitloads of money for a college guy. Oil rig was just outside of Big Piney, WY. I also loaded trucks with beer for my last year of college, sometimes up to 12 hours a day in the summers.

I love when office jockeys try the "walk a day in their shoes" routine. jlprk won't ever show his face to anyone else on this board, because he's the softest and whitest guy here.

 

[EL PRESIDENTE]

Yeah. I scooped up the shit of research dogs and pigs at ohsu. Physical labor jobs are actually satisfying in my experience.

got more than minimum wage I think maybe 13 or 14 bucks an hour in the late 90s...during summer in college which was good.


hoop fam

 

[PapaG]

Yeah. I scooped up the shit of research dogs and pigs at ohsu. Physical labor jobs are actually satisfying in my experience.

got more than minimum wage I think maybe 13 or 14 bucks an hour in the late 90s...during summer in college which was good.


hoop fam

My beer loading job led directly to me working for Gallo in sales right after college, because I made contacts at the distributor and got a recommendation from the Gallo guy who used to visit the place.

 

[jlprk]

Remember when america used to produce things? And an adult could make a living doing so? Thanks obama

Reagan started the enormous trade deficits. The job situation always gets worse under Republican presidents, because the working class is low priority to them. Then they carp when a Democratic president can't clean up their mess.

 

[jlprk]

probably a lot since those executives have the education and business acumen to rise to the top, unlike minimum wage monkeys who can be replaced by basically anyone.

Been there done that.

I worked on oil rigs and an Exxon dehy plant for a summer of college. 7 days on, 7 days off on the rig, 12 hours a day. Dehy plant was in LaBarge, WY. I worked 31 straight days during a shutdown, minimum of 10 hours, max of 16. Made shitloads of money for a college guy. Oil rig was just outside of Big Piney, WY. I also loaded trucks with beer for my last year of college, sometimes up to 12 hours a day in the summers.

I love when office jockeys try the "walk a day in their shoes" routine. jlprk won't ever show his face to anyone else on this board, because he's the softest and whitest guy here.

Yeah. I scooped up the shit of research dogs and pigs at ohsu. Physical labor jobs are actually satisfying in my experience.

got more than minimum wage I think maybe 13 or 14 bucks an hour in the late 90s...during summer in college which was good.

Neither job was close to minimum wage. Neither was hopelessly permanent. Neither was alongside illegal immigrants, like the example I worked in my 50s. (I'm not talking about minimum wage college jobs before your first desk job. I had 9 of those. They're not hard labor.)

So neither of you showed (per this post's first excerpt) that hard labor minimum wage jobs can be replaced by any desk-sitting monkey in his 40s-60s. I'm the only one here who tried.

 

[EL PRESIDENTE]

That's the point. Minimum wage jobs shouldn't be permanent. They should be temporary fill in jobs. If your doing that its time to step your shit up.

 

[jlprk]

Commenting about Wal-Mart's virtues, Maxiep said more jobs should be minimum wage. As the economy goes down and the percentage of jobs which are minimum wage increase, the wave will eventually get to you, him, and everyone except the billionaires. So I said, everyone including Wal-Mart executives should make minimum wage.

Anyway, as Republicans have their way with the economy, escaping minimum wage jobs will be available to fewer and fewer workers, making your ethical belief (that you deserve it if you can't move up) impossible to practice. The system works to minimize wages, in order to maximize profit.

 

[Denny Crane]

Reagan started the enormous trade deficits. The job situation always gets worse under Republican presidents, because the working class is low priority to them. Then they carp when a Democratic president can't clean up their mess.

When Reagan was president, Japanese corporations dwarfed US ones, and his predecessor literally invented the term "misery index" to measure his own economic policies.

When GHW Bush was president, he pushed for MFN status for China, but the Democrats in congress refused. His successor, Bill Clinton, pushed for MFN status and congress granted it. When Bush left office, the trade deficit with everyone combined was $80B. When Clinton left office, the trade deficit with just China was $80B.

But yeah, it was reagan's fault. Everything with you is reagan's fault.

 

[Denny Crane]

And what Maxiep wrote was right, though written in a way only a wall street person would love.

Increases in minimum wage are effectively a tax hike on everyone, especially the poor.

Scoff at the idea that a $1.17 menu is cheap and everyone could afford it. Well, the people on a higher minimum wage subsist on that menu.

Everyone who eats at McDonald's pays that 17% tax on every meal, every day. It's substantial.

 

[EL PRESIDENTE]

17% rise in inflation and real costs...probably more since McDonalds is extremely efficient.

They make it seem like its so small but its actually quite huge.

 

[Eastoff]

Okay similar story, I want to hear the fiscally conservative take on the following article. Is it just "They shouldn't be working at WalMart?"
http://thecontributor.com/economy/where-are-workers-most-underpaid-apple-wal-mart-or-mcdonald’s

 

[Denny Crane]

Okay similar story, I want to hear the fiscally conservative take on the following article. Is it just "They shouldn't be working at WalMart?"
http://thecontributor.com/economy/where-are-workers-most-underpaid-apple-wal-mart-or-mcdonald’s

First of all it's a bullshit premise.

Walmart costs taxpayers?

It's saving taxpayers.

If their employees didn't have jobs, the taxpayer would have to carry their full weight.

On top of that, you have to look at churn.

Walmart's entry level workers take jobs with the company and leave rather quickly. Walmart has no incentive to pay those workers any more than they have to. If they stick, they do get raises.