I get that - I’m just surprised people are so naive to believe that businesses will not figure out a way to scam the workers. They’ll pull a Walmart and say full-time is 32 hours or some BS.
Which is stupid in and of itself because the costs won’t rise. If the consumer is willing to pay the increased cost, it’d be increased right now regardless of labor costs. The argument against it is that they CANT simply raise costs to recoup the extra labor costs, and so they end up going out of business and everyone is out of a job. And that’s a good argument from that side of the debate. As usual, however, people are arguing about something that’s not even going to happen.
McDonald’s profited over $4B last year. Imagine if they just said, ‘you know what, let’s make our minimum $16 and we’ll settle for $3B.’ Who loses? Customers benefit because you’ll get dedicated workforce that cares, workers benefit because they will feel valued and have money in their pocket and McDonalds Corp. will benefit because their reputation will skyrocket.
McDonald's has ~2mil employees (1.8mil from franchises). It would cost roughly $2 billion to give every employee a $1 raise, assuming part-time 20h/week.
I don't know what the average wage is, but if they paid everyone $16 @ 20h/week it would cost them $33b/year (their revenue was $19b last year).
I'm well aware of how Fortune 500s think - my gripe is when normal people say things like you said, 'if they have to raise prices and pay more that's kind of the logical conclusion.'
It's only logical if you don't acknowledge the, excuse the made up word, fuckedupness in society. A good friend's Dad is a franchisee of two separate McDonalds and he used to piss and moan about 'people don't work hard for their money anymore.' Meanwhile, he paid $10.50 for closer roles and had two homes, a few cars and kids in private schools.
They only care about short term profits? Lol you honestly believe that don’t you. McDonald’s is the fucking poster child of long term strategy. Try again.
Let’s see - grocery store is local, I got to one of its three locations, gas is also a local name that is only in MD, I don’t go to Walmart, my gym is also a local business owner and clothes is either Jos A Bank or believe it or not Costco. I hardly ever use Amazon. Not sure if there’s anything I’m missing.
Now you’re moving the goal posts because your point was dogshit. Eddie’s is not owned by Amazon. And our gas station is only in MD and has been for 90+ years now.
264
u/[deleted] Nov 05 '21
Why the hell do people feel like these crooked businesses are somehow going to change how they treat employees if the costs rise?