Winston
Platinum Member
The average McDonalds nets $156,000 on 2.6 million dollars in yearly sales. If they can't afford a wage increase out of the $156,000 how they hell are they going to purchase expensive automation equipment?
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Did you read the article you quoted? McDonalds head office takes 35% of that $2.6 million for rent, franchise fees and various other charges.
Considering that McDonalds made 9 billion net profit last year, they could certainly afford to adjust those fees to assist franchise owners with changes in the minimum wage.
McDonalds in Canada manages to pay $12 per hour and our prices are lower on some items that they are in the US. So does Walmart. Both corporations are very profitable in Canada. Puts the lie to the idea that these companies can't afford a wage hike.
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Again, it has nothing to do with what McDonald's can afford, it has to do with paying people a wage the job is worth. Only a fool would pay somebody more money than they need to.
How much do you pay an employee that makes you all of your money?
The value of an employee is what an employer can get another person do to the same job for. That's it.
Exactly. And what part of that is dependent upon the value of production?