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Politics : Formerly About Advanced Micro Devices
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To: Blasher who wrote (760450)12/31/2013 2:12:24 PM
From: Wharf Rat1 Recommendation

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bentway

  Read Replies (4) of 1574864
 
"are you willing to pay a lot more for your burgers and fries"

Why not, especially if the raise is incremental, over maybe 5 years. Are shareholders willing to give up a few cents in profits so we don't have to?

Pouring over annual reports and investor generated data, Arnobio Morelix discovered that if McDonald’s workers were paid the $15 they’re demanding, the cost of a Big Mac would go up 68 cents, from its current price of $3.99 to $4.67. A Big Mac meal would cost $6.66 rather than $5.69, and the chain’s famous Dollar Menu would go for $1.17. “Some folks online are complaining they will not pay $2 for their Dollar Menu, but the truth is that even if McDonald’s doubled salaries the price hike would not be 100%,” Morelix said. “I will be happy to pay 17 cents more for my Dollar Menu so that fast food workers can have a living wage, and I believe people deserve to know that price hikes would not be as high as it is often portrayed.

Claire O'Connor of Forbes reported that Morelix said his number crunching assumes profits and other expenses are kept at the same absolute number. His calculations are based on increases in salaries and benefits for every McDonald’s worker, from minimum wage line cooks paid $7.25 an hour to CEO Donald Thompson, who made $8.75 million in 2012
dailykos.com
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