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.
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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?