Comment on McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

fodor@lemmy.zip ⁨2⁩ ⁨days⁩ ago

• Laser@feddit.org ⁨1⁩ ⁨day⁩ ago

  In addition to what others have already said (McD paying above minimum wage), only you paying more leads to the following:

  • your competitors gain an advantage as they have lower labor cost
  • only a tiny fraction of your customers have more disposable income because the rest of the population is unaffected
  • and even then, for that tiny fraction, you’d have made more money if you hadn’t paid it to them in the first place, because they’re not spending it all on you, and also taxes

  So for them, they need to make sure their competitors pay more money to their employees.

  Also, their food is garbage, you’re doing yourself a favor not eating there.

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• Artisian@lemmy.world ⁨2⁩ ⁨days⁩ ago

  I’m really quite sure that nobody is working mcdonalds for minimum wage. Who would take that job? These stats are online and easy to see, fast food is hiring much closer to 18/hr than 8.

  This makes sense. A ceo endorses this policy when it hurts his company less and others companies more.

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  • frostysauce@lemmy.world ⁨1⁩ ⁨day⁩ ago

    I literally worked a few months at McDonald’s two years ago at $8/hr.

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    • Artisian@lemmy.world ⁨1⁩ ⁨day⁩ ago

      This is wild to me; I kinda want to ask if you volunteered or were obligated under some program. But it is plausible, apparently there are a handful of states where this happened relatively recently.

      It remains rare. But my superlatives went too far. Editing it down.

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      • frostysauce@lemmy.world ⁨1⁩ ⁨day⁩ ago

        I was living in a small town in Oklahoma, my car broke down, and it was only McDonald’s or Walmart I could reasonably walk to and McD’s called me back first. Not a work program or anything, that’s legit what they paid all the regular crew members.

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