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Thread: McJobs and the Minimum Wage[W:123,226]

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Erod View Post
    $15 an hour to flip burgers?

    LOL, prepare for the $10 Happy Meal.

    Economists, these folks ain't.
    Maybe a manager gets that just asked my McD's by my work the average worker get 8.50 this came from the manager. So lets stop with the 15 hr. stuff

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Deuce View Post
    No, doubling wages for those workers wouldn't raise prices anywhere near that much.
    If a widget costs $15 now, and 1/3 of that cost is labor, then the widget would cost $20 if only the direct labor cost was doubled. However, the raw material costs for a widget also include labor (indirect labor costs) so the actual price new widget price would be higher than that, perhaps $24. So your doubled pay allows you to buy not twice as many widgets but only 1.25 times as many widgets. Of course, if widgets are exported, you may instead just get fired since U.S. widgets are no longer competitively marketable for export.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Deuce View Post
    Missing variable: worker productivity. We should factor this in, yes?
    Show me how more productivity occurs by paying the same worker twice as much to do the same thing. We can use running a cash register as an example of a "typical" minimum wage job. Crickets...
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by Deuce View Post
    In June, there were 3.9 million job openings, including fast food.
    Job Openings and Labor Turnover Survey News Release
    About 400k of those are "accomodation and food industry. Not all of those are minimum wage, of course, but a good chunk will be. So subtract these openings from the total, because according to some people here those jobs are for lazy idiots and if you have one you fail at life. Call it 3.7 million maybe.

    There are 11.5 million unemployed people. And as the right-wingers love to point out, "real" unemployment is higher due to people who have stopped looking, and those who are "underemployed." (like many of these minimum wage workers you all seem to despise so much) Let's pretend you can fill every job opening instantly.

    So what is your magic free market bootstraps idea for those other 8 million (or more) people?
    Minimum wage workers we all despise so much? Where the hell do you get your perspective? What makes you think "right-wingers" despise minimum wage workers? Get a clue dip****, a lot of us started off in those jobs until we gained the skills to move up. Just because there are people who do not improve their position in life does not mean they deserve $15 to do a $7 an hour job. It is no surprise to those of us who understand business that those pushing for doubling their pay can't understand the dynamics, that's why they make minimum wage.

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    re: McJobs and the Minimum Wage[W:123,226]

    Years ago I worked with a guy at a dealership who changed oil. That is all he did, oil changes. He tried to get a pay increase to the same level that those of us who were highly trained technicians made because he had 15 years experience changing oil. My service manager (who is extremely liberal and still a good friend of mine years after we both left the dealership) told him that wasn't going to happen and explained it very well in a way that certainly applies to this argument.

    "Billy, there is no such thing as 15 years experience changing oil. What you have is 6 months of experience 30 times. The job is just not that complicated. If you want to make what these guys do learn to do what they do."

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by greengirl77 View Post
    Maybe a manager gets that just asked my McD's by my work the average worker get 8.50 this came from the manager. So lets stop with the 15 hr. stuff
    All of the news reports show clearly that they were indeed protesting for $15 per hour. Amazing how 24 hours removed from the actual raw footage brings in the rewrite of facts by progressive liberal supporters of this insane demand.
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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by sawdust View Post
    Food is a lost leader at McDonalds. They make all of their profit from sodas. A large soda, with syrup, ice, water and cup lid and straw probably costs them a quarter and they sell it for a buck and a half or so. When Burger King ran their Whopper jr special for a dollar, lots of franchisees companied that the burger cost them a dollar ten to make. Wiki answers says the average profit margin for a McDonald's franchise is 10%. I'm going to assume that's net profit.

    The Huffington Post has this to say about increasing the wage of fast food workers.



    And this:



    Errors in McDonald's Wage Analysis

    While I understand seven bucks an hour is tough to live on, an increase in wages of this magnitude would certainly decrease volume at these fast food stores. Decreasing volume means fewer jobs because restaurants have to balance labor against gross volume to stay in business. In some cases decreased volume would mean store closings and further loss of volume.

    Everyone who works needs to understand that their jobs are dependent on the health of the business they work for. Their ability to earn money is directly related to the value of the production they do. The value of the production they do is directly related to the complexity of the tasks they perform. Brain surgeons make more than line cooks. That's just the way the world works.

    Fast food work is intended to be entry level employment. You can be trained for your job in an afternoon. It's also supposed to be a bridge to better employment as entry level workers build a resume that indicates they are dependable and responsible workers.

    Here's the real problem. We've lost millions of good paying jobs to recession and the ability of the internet to move technology overseas. We've lost jobs due to increased labor costs and a regulatory culture that has crept into Washington. Many of the jobs we've created in the Obama years are McJobs and now there is a disproportionate number of employees flipping burgers. Coupled with increasing numbers of part time jobs due to Obamacare, many fast food workers have no where to go to better themselves other than school and jobs training programs.

    It's a tough world right now, made tougher by a government that seems to be intent on making poverty comfortable rather than entrepreneurism easier. I started my first company in the seventies. It was hard work but it's one hell of a lot harder now. I understand the problems faced by employer and employee. I also understand that an employees earning ability isn't based on need. It's based on their ability to turn their time into profit for the company. If there is no profit, there is no company and there is no job. It's as simple as that.

    Rant over.
    Yep, job creation as of late has been, well, terrible.
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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by greengirl77 View Post
    Maybe a manager gets that just asked my McD's by my work the average worker get 8.50 this came from the manager. So lets stop with the 15 hr. stuff
    That's what they're striking for.

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    re: McJobs and the Minimum Wage[W:123,226]

    I wonder if the workers realize that they would probably put many of themselves out of a job. I mean fast food working adults are pretty much the bottom of the labor barrel however if you double the salary these businesses are going to start getting applicants of a little higher quality applying for the jobs.

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    re: McJobs and the Minimum Wage[W:123,226]

    Quote Originally Posted by ttwtt78640 View Post
    The problem with this "solution", making the bottom 3% of wage earners get more than double their current pay, is that simply mandating U.S. wage inflation will change nothing for the better. The U.S. annual median wage fell to $26,364 in 2010, so increasing the lowest full-time (minimum) wage from $15K to $31K is obviously not going to happen without a serious ripple effect.

    Assuming that U.S. wage parity is maintained, all that accomplishes is inflation, since every U.S. wage will then increase as must prices of U.S. goods/services to match those increased labor costs. This makes imports even more desirable to U.S. comsumers, U.S. exports more costly on the world market and the U.S. employer is forced to try to reduce their labor costs even further.

    U.S. Median Annual Wage Falls To $26,364 As Pessimism Reaches 10-Year High [CORRECTION]
    Good morning, ttwtt78640.

    Just when you think you've heard it all!?! So the workers at McDonalds in New York want their minimum wage doubled to $15 per hour! Why do they think they're worth that? Experienced 30-year carpenters have seen their wages fall to $15 to $18 per hour since the housing/remodeling bust of a few years ago.

    I like McDonalds breakfasts occasionally when I'm strapped for time, but I'm not going to pay $8 dollars for a sausage McMuffin with egg! There will be layoffs since there won't be the traffic there used to be, so this is a win? IT WON'T FLY HERE IN NE Ohio, IMO!

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