McDonald's to Raise Wages

[Dad2three]

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring.

U6 unemployment is at 11%. This is 50% higher than before recession thanks to Obama.

 

[Dad2three]

, IT PUSHED UP PRICES RIGHT? LOL

dear only an increased money supply can push up prices.

Are you a communist for 17th time??

You still sleeping with your mom for the 3rd time Bubs?

Are you a communist for 18th time??

You still sleeping with your mom for the 4th time Bubs?

 

[Dad2three]

, IT PUSHED UP PRICES RIGHT? LOL

dear only an increased money supply can push up prices.

Are you a communist for 17th time??

So YOUR premise of low wage workers getting a wage would increase prices was BS then? Got it

For the 5th time, you sleeping with your mom Bubba?

 

[EdwardBaiamonte]

So YOUR premise of low wage workers getting a wage would increase prices was BS then? Got it

of course when wage costs go up in an industry( fast food for example) prices will go up in that industry, sales will decline, and there will be fewer jobs.

Econ 101. ever think of college??

 

[Dad2three]

So YOUR premise of low wage workers getting a wage would increase prices was BS then? Got it

of course when wage costs go up in an industry( fast food for example) prices will go up in that industry, sales will decline, and there will be fewer jobs.

Econ 101. ever think of college??

Weird, so the increasing wages at the top hasn't cost US jobs? How about the most profitable increases on wall strEet bonuses, that doubled ALL min wage job costs, did that increase prices and hurt jobs and US? LOL

The Job Loss Myth
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment

The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.

This page reviews the most widely-cited and influential studies on the impact of minimum wage increases on employment, and examines the primary reasons why low-wage employers can afford higher wages today.

The Job Loss Myth Raise The Minimum Wage

60% OF MIN WAGE JOBS ARE 500+ EMPLOYEE SHOPS

 

[EdwardBaiamonte]

Weird, so the increasing wages at the top hasn't cost US jobs?

why would it? 20 million illegals cost 20 million jobs. Simple enough for you?? Notice how slow you are. Never been to college and yet you're an assertive economist!! You fool no one dopey.

 

[jon_berzerk]

This, along with Wal-Mart's announcement that they will also raise pay, is a sign the economy is getting better.

McDonald’s Corp. plans to raise pay by more than 10% and add benefits like paid vacation for workers at U.S. restaurants it operates, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.

Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.​

McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ

wow weird

large greedy corporations giving raises

WITHOUT the assistance of big brother increasing minimum wages

Guess the protests paid off at the fast food places?

how so --LOL

perhaps protests paid off in that some workers will get higher wages but that means all of us can afford to eat out less often now due to the higher prices and so some fast food workers will lose their jobs.

yes i quit going to mcdonalds when it became as expensive as the mom and pop places

This, along with Wal-Mart's announcement that they will also raise pay, is a sign the economy is getting better.

McDonald’s Corp. plans to raise pay by more than 10% and add benefits like paid vacation for workers at U.S. restaurants it operates, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.

Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.​

McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ

wow weird

large greedy corporations giving raises

WITHOUT the assistance of big brother increasing minimum wages

Guess the protests paid off at the fast food places?

Perhaps, which goes to show that dealing with wages through self advocacy between one's self and one's employer is a far superior solution to dealing with low wages than resorting to government action.

Yeah, BECAUSE without a federal Min wage they'd be making $3 an hour in states like Mississippi, Alabama, Arkansas, etc *shaking head*


Sorry, Gov't action created the worlds largest middle class using PROGRESSIVE policies. Without it the US would look like the 3rd world nation we were (and cons are trying to take US back too)

are you saying that YOU would accept 3 dollars an hour

if your employer could "get away with it"

 

[jon_berzerk]

This, along with Wal-Mart's announcement that they will also raise pay, is a sign the economy is getting better.

McDonald’s Corp. plans to raise pay by more than 10% and add benefits like paid vacation for workers at U.S. restaurants it operates, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.

Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.​

McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ

wow weird

large greedy corporations giving raises

WITHOUT the assistance of big brother increasing minimum wages

Guess the protests paid off at the fast food places?

how so --LOL

How not? Did they cave?

not all are doing it

 

[iamwhatiseem]

Yu do know McDonalds, Subway among others are beginning to use automated drive thrus....

 

[Dad2three]

This, along with Wal-Mart's announcement that they will also raise pay, is a sign the economy is getting better.

McDonald’s Corp. plans to raise pay by more than 10% and add benefits like paid vacation for workers at U.S. restaurants it operates, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.

Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.​

McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ

wow weird

large greedy corporations giving raises

WITHOUT the assistance of big brother increasing minimum wages

Guess the protests paid off at the fast food places?

how so --LOL

perhaps protests paid off in that some workers will get higher wages but that means all of us can afford to eat out less often now due to the higher prices and so some fast food workers will lose their jobs.

yes i quit going to mcdonalds when it became as expensive as the mom and pop places

This, along with Wal-Mart's announcement that they will also raise pay, is a sign the economy is getting better.

McDonald’s Corp. plans to raise pay by more than 10% and add benefits like paid vacation for workers at U.S. restaurants it operates, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.

Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.​

McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ

wow weird

large greedy corporations giving raises

WITHOUT the assistance of big brother increasing minimum wages

Guess the protests paid off at the fast food places?

Perhaps, which goes to show that dealing with wages through self advocacy between one's self and one's employer is a far superior solution to dealing with low wages than resorting to government action.

Yeah, BECAUSE without a federal Min wage they'd be making $3 an hour in states like Mississippi, Alabama, Arkansas, etc *shaking head*


Sorry, Gov't action created the worlds largest middle class using PROGRESSIVE policies. Without it the US would look like the 3rd world nation we were (and cons are trying to take US back too)

are you saying that YOU would accept 3 dollars an hour

if your employer could "get away with it"

I'm saying HISTORY says IF the "job creators" could get away with $3 an hour, they would AND there would be people working at that wage!!!

Conservative economics and the "free markets" work that way!

 

[Dad2three]

This, along with Wal-Mart's announcement that they will also raise pay, is a sign the economy is getting better.

McDonald’s Corp. plans to raise pay by more than 10% and add benefits like paid vacation for workers at U.S. restaurants it operates, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.

Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.​

McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ

wow weird

large greedy corporations giving raises

WITHOUT the assistance of big brother increasing minimum wages

Guess the protests paid off at the fast food places?

how so --LOL

How not? Did they cave?

not all are doing it

Nope just comp owned stores. Weird how cons advocate for lower wages for workers but are silent on the highest earners in AmeriKa paying the lowest sustained tax "burden" in 80+ years!

 

[Dad2three]

Yu do know McDonalds, Subway among others are beginning to use automated drive thrus....

And? Let me guess, IF we allowed them to pay $3 an hour they wouldn't? lol

 

[hadit]

So YOUR premise of low wage workers getting a wage would increase prices was BS then? Got it

of course when wage costs go up in an industry( fast food for example) prices will go up in that industry, sales will decline, and there will be fewer jobs.

Econ 101. ever think of college??

Weird, so the increasing wages at the top hasn't cost US jobs? How about the most profitable increases on wall strEet bonuses, that doubled ALL min wage job costs, did that increase prices and hurt jobs and US? LOL

The Job Loss Myth
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment

The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.

This page reviews the most widely-cited and influential studies on the impact of minimum wage increases on employment, and examines the primary reasons why low-wage employers can afford higher wages today.

The Job Loss Myth Raise The Minimum Wage

60% OF MIN WAGE JOBS ARE 500+ EMPLOYEE SHOPS

Cool. Let's raise it to $100/hour and eliminate poverty altogether. Of course you say, "That's ludicrous, because doing that would immediately eliminate all the jobs". Thus, raising the MW DOES impact jobs, but if you do it slowly enough and keep it low enough, it doesn't impact them too much too fast, but it does still impact them. Ever wonder why you don't have a teenager come out, wash your windshield, check your oil, and pump your gas when you pull into a gas station? They used to. Raise it by a dollar, and you might not see too many jobs lost. Raise it by 50%, and you will.

 

[hadit]

Yu do know McDonalds, Subway among others are beginning to use automated drive thrus....

And? Let me guess, IF we allowed them to pay $3 an hour they wouldn't? lol

Not for jobs that require a skill and have a limited pool of applicants. They would for a guy to use a shovel, but not for a guy who can operate a backhoe.

 

[Dad2three]

Yu do know McDonalds, Subway among others are beginning to use automated drive thrus....

And? Let me guess, IF we allowed them to pay $3 an hour they wouldn't? lol

Not for jobs that require a skill and have a limited pool of applicants. They would for a guy to use a shovel, but not for a guy who can operate a backhoe.

So the answer is YES, AND ALL WE NED TO DO IS LOOK AT THE RED STATES


Blue States are from Scandinavia, Red States are from Guatemala A theory of a divided nation


In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.

Blue States are from Scandinavia Red States are from Guatemala The New Republic

 

[Dad2three]

So YOUR premise of low wage workers getting a wage would increase prices was BS then? Got it

of course when wage costs go up in an industry( fast food for example) prices will go up in that industry, sales will decline, and there will be fewer jobs.

Econ 101. ever think of college??

Weird, so the increasing wages at the top hasn't cost US jobs? How about the most profitable increases on wall strEet bonuses, that doubled ALL min wage job costs, did that increase prices and hurt jobs and US? LOL

The Job Loss Myth
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment

The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.

This page reviews the most widely-cited and influential studies on the impact of minimum wage increases on employment, and examines the primary reasons why low-wage employers can afford higher wages today.

The Job Loss Myth Raise The Minimum Wage

60% OF MIN WAGE JOBS ARE 500+ EMPLOYEE SHOPS

Cool. Let's raise it to $100/hour and eliminate poverty altogether. Of course, you say, "That's ludicrous, because doing that would immediately eliminate all the jobs". Thus, raising the MW DOES impact jobs, but if you do it slowly enough and keep it low enough, it doesn't impact them too much too fast, but it does still impact them. Ever wonder why you don't have a teenager come out, wash your windshield, check your oil, and pump your gas when you pull into a gas station? They used to. Raise it by a dollar, and you might not see too many jobs lost. Raise it by 50%, and you will.

Labor ELASTICITY Bubba

Elasticity of Labor Demand Labor Economics


The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.



THAT'S TO A $10.10 AN HOUR MIN WAGE. Weird right? How much is that? lol

 

[hadit]

So YOUR premise of low wage workers getting a wage would increase prices was BS then? Got it

of course when wage costs go up in an industry( fast food for example) prices will go up in that industry, sales will decline, and there will be fewer jobs.

Econ 101. ever think of college??

Weird, so the increasing wages at the top hasn't cost US jobs? How about the most profitable increases on wall strEet bonuses, that doubled ALL min wage job costs, did that increase prices and hurt jobs and US? LOL

The Job Loss Myth
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment

The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.

This page reviews the most widely-cited and influential studies on the impact of minimum wage increases on employment, and examines the primary reasons why low-wage employers can afford higher wages today.

The Job Loss Myth Raise The Minimum Wage

60% OF MIN WAGE JOBS ARE 500+ EMPLOYEE SHOPS

Cool. Let's raise it to $100/hour and eliminate poverty altogether. Of course, you say, "That's ludicrous, because doing that would immediately eliminate all the jobs". Thus, raising the MW DOES impact jobs, but if you do it slowly enough and keep it low enough, it doesn't impact them too much too fast, but it does still impact them. Ever wonder why you don't have a teenager come out, wash your windshield, check your oil, and pump your gas when you pull into a gas station? They used to. Raise it by a dollar, and you might not see too many jobs lost. Raise it by 50%, and you will.

Labor ELASTICITY Bubba

Elasticity of Labor Demand Labor Economics


The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.



THAT'S TO A $10.10 AN HOUR MIN WAGE. Weird right? How much is that? lol

So why stop there? Jack it to $15. Heck, make it $20. The benefits outweigh the costs, right? Or are you going to continue pretending that applies no matter how big the jump is?

 

[Anathema]

Higher wages likely means higher prices. That means their products or service will have to improve for the extra cost yo be worth it. Neither are likely to happen. That means I'll likely be going to BE and KMart mire often this sumner.

 

[Dad2three]

So YOUR premise of low wage workers getting a wage would increase prices was BS then? Got it

of course when wage costs go up in an industry( fast food for example) prices will go up in that industry, sales will decline, and there will be fewer jobs.

Econ 101. ever think of college??

Weird, so the increasing wages at the top hasn't cost US jobs? How about the most profitable increases on wall strEet bonuses, that doubled ALL min wage job costs, did that increase prices and hurt jobs and US? LOL

The Job Loss Myth
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment

The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.

This page reviews the most widely-cited and influential studies on the impact of minimum wage increases on employment, and examines the primary reasons why low-wage employers can afford higher wages today.

The Job Loss Myth Raise The Minimum Wage

60% OF MIN WAGE JOBS ARE 500+ EMPLOYEE SHOPS

Cool. Let's raise it to $100/hour and eliminate poverty altogether. Of course, you say, "That's ludicrous, because doing that would immediately eliminate all the jobs". Thus, raising the MW DOES impact jobs, but if you do it slowly enough and keep it low enough, it doesn't impact them too much too fast, but it does still impact them. Ever wonder why you don't have a teenager come out, wash your windshield, check your oil, and pump your gas when you pull into a gas station? They used to. Raise it by a dollar, and you might not see too many jobs lost. Raise it by 50%, and you will.

Labor ELASTICITY Bubba

Elasticity of Labor Demand Labor Economics


The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.



THAT'S TO A $10.10 AN HOUR MIN WAGE. Weird right? How much is that? lol

So why stop there? Jack it to $15. Heck, make it $20. The benefits outweigh the costs, right? Or are you going to continue pretending that applies no matter how big the jump is?

I get it Bubba, you don't like to read OR critically think

For the second time:

Labor ELASTICITY Bubba

Elasticity of Labor Demand Labor Economics

A relatively large change in Qd suggests that demand is quite responsive, or elastic. A relatively small change in Qd indicates that demand is less responsive, or inelastic.

AGAIN:


Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.


GOING FROM $7.25 TO $10.10 AN HOUR, A 40%+ INCREASE??? LOL

 

[Dad2three]

Higher wages likely means higher prices. That means their products or service will have to improve for the extra cost yo be worth it. Neither are likely to happen. That means I'll likely be going to BE and KMart mire often this sumner.

Increasing Min wage NEVER has done anything to the US economy except to drive it. Increasing wages to those on the margin NEVER shows the horror stories cons predict. Ever. Good Biz deals with costs all the time