Worker Wages: Wendy's vs. Wal-Mart vs. Costco

[CarolNoel]

I am a public school teacher in NC. We just took another pay cut (well, elimination of another increase). Now I can whine and moan about the cut, or I can just take it, or I can simply resign and find another job.

If the productivity of a worker is such that the job warrants $13.00 per hour, then it makes no sense to say they should be paid $23.00 per hour. That’s a recipe for bankruptcy.
If it does make sense, then maybe $33.00 per hour makes more sense. Or $43.00 per hour. At what point does paying someone in excess of their productivity no longer make sense?

Has anyone stopped to think that maybe the reason 16 year olds can’t get a Burger King job is because of the increases in minimum wage?

Jon

Totally agree with this…

 

[estesbob]

The CEO of McD’s made ***twenty millions dollars in 2011. ***

forbes.com/lists/2011/12/ceo-compensation-11_rank.html

If someone thinks that one man is entitled to that much money while thousands of 30-year olds struggle and sweat just to support their families in a never-ending cycle of living hand-to-mouth, I’d call 'em stark raving nuts. That man is making the money that thousands of minimum-wage workers make in a year.

And your solution is?

 

[Trader]

There are almost 2 million employees of Macdonalds. If the CEO split his take with them, they would each get less than a 1¢/hour raise, only slightly over $10/year.

Yes, but they might feel better if someone was brought down to their level. Equal poverty for everyone was a real success in Cuba, North Korea, and all the other Marxist regimes.

 

[stinkcat_14]

And your solution is?

There is only one real solution to someone else making too much money. That is to start a business that undercuts the other guy and drives their sales and profits down. Now if someone wants to start a business and sell food for a lower price and offer free wifi I will be more than happy to help drive down the CEOs salary. Until then, as long as I can guy my coffee for a $1, I will still be a customer and his salary will still by high.

 

[Dawnia]

The CEO of McD’s made ***twenty millions dollars in 2011. ***

forbes.com/lists/2011/12/ceo-compensation-11_rank.html

If someone thinks that one man is entitled to that much money while thousands of 30-year olds struggle and sweat just to support their families in a never-ending cycle of living hand-to-mouth, I’d call 'em stark raving nuts. That man is making the money that thousands of minimum-wage workers make in a year.

I’ve been called worse. The salary is relative to the number of people who can do the job. That is why the hamburger flipper makes minimum wage and the CEO makes $20 million.

 

[qui_est_ce]

I think that all of the thousands of 30-year olds should quit in protest of the CEO’s salary.

That will show him.

Peace

Tim

This:thumbsup:

 

[qui_est_ce]

Totally agree with this…

+1

 

[qui_est_ce]

Yes, but they might feel better if someone was brought down to their level. Equal poverty for everyone was a real success in Cuba, North Korea, and all the other Marxist regimes.

You left out Venezuela

 

[Brendan]

This article about McDonalds states the average age of a McDonalds worker is “almost 30” (meaning 29) up from 22 years old in 2000.

Given that I see mostly teens and retirees at my local McDonalds, that average does not surprise me.

2 70 year olds and 5 17 year olds and a 25 year old manager on a shift will give you pretty much the same average

 

[Brendan]

Are there any statistics on the median, mode and range for the age of the fast-food workforce. That would tell us a lot more about the work environment than average, as a few retirees can skew the average.

 

[Trader]

The CEO of McD’s made ***twenty millions dollars in 2011. ***

forbes.com/lists/2011/12/ceo-compensation-11_rank.html

If someone thinks that one man is entitled to that much money while thousands of 30-year olds struggle and sweat just to support their families in a never-ending cycle of living hand-to-mouth, I’d call 'em stark raving nuts. That man is making the money that thousands of minimum-wage workers make in a year.

Do you know anything about CEO Jim Skinner? He never graduated from college, served 10 years in the US Navy, and got his start as an assistant manager at McDonalds.

en.wikipedia.org/wiki/Jim_Skinner

That sounds like an example to be followed, rather than whining about what those 30 year olds have not yet earned.

 

[Dawnia]

Are there any statistics on the median, mode and range for the age of the fast-food workforce. That would tell us a lot more about the work environment than average, as a few retirees can skew the average.

McDonald’s Pushing Employees To Be Cheerier

While flipping burgers used to be a part-time pocket-change job for teens, it’s become a major employer of working families in the U.S. The Bureau of Labor Statistics says that two thirds of fast food workers are female; their median age is 32 years old.

 

[Yerusalyim]

It is not fair to compare Costco employees to Wal-Mart employees. The comparison would need to be between Costco and Sam’s Club. Sam’s club employees make more than Wal-Mart employees…significantly more. Also…some things to remember…about 3.6 million people make minimum wage in the US…down from 3.8 million…but up from a few years ago (before the economic collapse). Walmart employs 1.4 million people…most of them make more than minimum wage. The fastfood industry employees 3.6 million people…most start out at minimum wage but are then given raises. Fastfood and Wal-Mart cart pusher was not meant to be jobs with which one supports their family…

 

[gamewell45]

I am a public school teacher in NC. We just took another pay cut (well, elimination of another increase). Now I can whine and moan about the cut, or I can just take it, or I can simply resign and find another job.

If the productivity of a worker is such that the job warrants $13.00 per hour, then it makes no sense to say they should be paid $23.00 per hour. That’s a recipe for bankruptcy.
If it does make sense, then maybe $33.00 per hour makes more sense. Or $43.00 per hour. At what point does paying someone in excess of their productivity no longer make sense?

Has anyone stopped to think that maybe the reason 16 year olds can’t get a Burger King job is because of the increases in minimum wage?

Jon

So what is the litmus test to determine pay scales?

 

[gamewell45]

IFastfood and Wal-Mart cart pusher was not meant to be jobs with which one supports their family…

Sometimes thats all the work that is available to the workers who may have a family to provide for as well.

 

[stinkcat_14]

Sometimes thats all the work that is available to the workers who may have a family to provide for as well.

At my house we sometimes hire an older lady to do cleaning and other sorts of activity. We pay her about $10 an hour, which is clearly not enough to live on. But if we had to pay a living wage we probably just would do the work ourselves. How would that make this woman better off?

 

[BernardM]

So what is the litmus test to determine pay scales?

Productivity, risk management, and competence. A CEO has all of these in greater proportion to a burger flipper and his salary reflects this.

Sometimes thats all the work that is available to the workers who may have a family to provide for as well.

Then you take another job, why people are opposed to working extra jobs is beyond me. It’s the way I got through college.

 

[SamH]

While flipping burgers used to be a part-time pocket-change job for teens, it’s become a major employer of working families in the U.S. The Bureau of Labor Statistics says that two thirds of fast food workers are female; their median age is 32 years old.

Welcome to the Obama economy.

 

[SamH]

Then you take another job, why people are opposed to working extra jobs is beyond me. It’s the way I got through college.

Agreed. I worked two jobs for years AFTER I graduated from college - during the week I was a staff accountant and on weekends I worked as a bouncer.

 

[Orogeny]

Agreed. I worked two jobs for years AFTER I graduated from college - during the week I was a staff accountant and on weekends I worked as a bouncer.

Is it just me or do those two jobs not go together - accountant and bouncer?

Peace

Tim