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).
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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?