welfare vs wages

[jms62]

Originally Posted by dellinger63

I'll take that bet.

Another case of 'if you want/feel it, it's true' never mind the numbers.

According to a Forbes article I found the CEO of McD's was paid $8.75 million in salary in 2012.

An employee that works an average of 30hrs./week would work 1,560 hrs. in a year. At $2 higher an hour the added salary per employee would be $3,120/year. Dividing that into $8.75 million you get 2,804 employees.

According to the second article cited, McDonald's employs 760,000. That 2,804 that would be covered (if the CEO was to forfeit all his salary) would represent 3 tenths of one percent of all US Micky D employees.

Under your premise a 1% decrease in salary would be represent $87,500 and that divided by $3,120 would cover 28 employees.


http://www.bloomberg.com/news/2012-1...s-pay-gap.html

http://finance.yahoo.com/blogs/talki...170436977.html

They have been paying 2 to do that position and 2012 compensation is 40 Million.
http://insiders.morningstar.com/trad...n.action?t=MCD

[dellinger63]

Originally Posted by jms62

http://insiders.morningstar.com/trad...n.action?t=MCD

She did say CEO. But using your numbers (Total Executive Compensation) not sure how many executives that covers but at $67.58 million, forfeiting 1% would make $675,000 and that would cover a $2/hr. raise for 216 employees per year. Not sure about the remaining 759,784 employees?

BTW Another failed 'hail Mary'.

[Danzig]

Originally Posted by jms62

http://insiders.morningstar.com/trad...n.action?t=MCD

that's amazing, isn't it?

but yeah, they can't afford to pay more to the people actually doing the work in the stores, the ones actually interacting with the customers on a daily basis. no customers, no business. the employees on the front lines are who they deal with, not the high paid execs. unreal.

[jms62]

Originally Posted by Danzig

that's amazing, isn't it?

but yeah, they can't afford to pay more to the people actually doing the work in the stores, the ones actually interacting with the customers on a daily basis. no customers, no business. the employees on the front lines are who they deal with, not the high paid execs. unreal.

I couldn't think of an easier CEO position than McDonalds. You build them and they come.

[Danzig]

Originally Posted by jms62

I couldn't think of an easier CEO position than McDonalds. You build them and they come.

yeah, i know it. i wonder how much work the top execs make to get that kind of salary?
meanwhile, the people who the customers actually deal with are the ones who make or break you.
and, as that study i put up showed, when wages are increased, the first thing the hr folks do is increase employees standards.
do you want disgruntled employees who don't care, or happy employees with high morale?

[Rudeboyelvis]

Originally Posted by Danzig

yeah, i know it. i wonder how much work the top execs make to get that kind of salary?
meanwhile, the people who the customers actually deal with are the ones who make or break you.
and, as that study i put up showed, when wages are increased, the first thing the hr folks do is increase employees standards.
do you want disgruntled employees who don't care, or happy employees with high morale?

Just another glaring example of this self-righteous, self-entitlement culture.

"He has more than I have, it's not fair that he isn't giving me more of his"

"He" has an obligation to do exactly jacksh1t for you (colloquially speaking, not you personally Zig).

He offered you a job and you agreed to take it for the specified, mutually agreed upon hourly wage.

That is the beginning and the end of that relationship. "He" is not responsible for your 2 babies out of wedlock, your child support, your happiness, your living arrangements, your transportation, etc.

"He" is responsible for running a business. "You" have every right to embrace that business and work as hard as you can to impress your bosses and ultimately get promoted to earn more money, if that is your choice. "You" have every right to tell him to shove his job up his asz and go work for someone else, or even yourself.

Minimum wage jobs should be scaled based on a lowest common denominator, ie. "How cheaply can I fill this job for?", rather than being strong armed by some self-entitled do-nothing that wants a ridiculous wage for providing precious little in return.

[Danzig]

Originally Posted by Rudeboyelvis

Just another glaring example of this self-righteous, self-entitlement culture.

"He has more than I have, it's not fair that he isn't giving me more of his"

"He" has an obligation to do exactly jacksh1t for you (colloquially speaking, not you personally Zig).

He offered you a job and you agreed to take it for the specified, mutually agreed upon hourly wage.

That is the beginning and the end of that relationship. "He" is not responsible for your 2 babies out of wedlock, your child support, your happiness, your living arrangements, your transportation, etc.

"He" is responsible for running a business. "You" have every right to embrace that business and work as hard as you can to impress your bosses and ultimately get promoted to earn more money, if that is your choice. "You" have every right to tell him to shove his job up his asz and go work for someone else, or even yourself.

Minimum wage jobs should be scaled based on a lowest common denominator, ie. "How cheaply can I fill this job for?", rather than being strong armed by some self-entitled do-nothing that wants a ridiculous wage for providing precious little in return.

i didn't comment on the salary in regards to whether it's fair what he makes.

my point is, it's rather disingenuous to say you can't afford to pay your workers more, when one can see what you pay your execs.
as for the 'precious little' in return... who greets the mcdonalds customer? takes the order, the money, counts the change, is responsible for being pleasant? who cooks the order? who puts it in the bags? who gives it to the customer? who cleans the store? stocks it? who makes the orders for supplies? who does all the day to day running and has contact with every single customer?
not the ceo. nope, the most important job in mcdonalds is the job held by the people interacting with the actual customers. if it's a good, and pleasant experience, they come back.
no customers, no business.


of course, it's rather easy to just dismiss these people, when one has decided they have no value, no education, have kids out of wedlock and are generally losers anyway.

and by the way, i've worked in some of those jobs over the years, and the experiences gained got me to where i am now. that, and a willingness to do my best, and i have a great overall work ethic. i see people from every walk of life in my current career. from those who live in a huge home and drive fancy cars, to someone who lives in a small apartment and has no car because he can't afford it. i think dealing with a wide range of people has made me more aware over the years that it's really just not as easy as some people seem to think it is to not just live, but succeed and improve your lot in life.

[Rudeboyelvis]

Originally Posted by Danzig

i didn't comment on the salary in regards to whether it's fair what he makes.

my point is, it's rather disingenuous to say you can't afford to pay your workers more, when one can see what you pay your execs.
as for the 'precious little' in return... who greets the mcdonalds customer? takes the order, the money, counts the change, is responsible for being pleasant? who cooks the order? who puts it in the bags? who gives it to the customer? who cleans the store? stocks it? who makes the orders for supplies? who does all the day to day running and has contact with every single customer?
not the ceo. nope, the most important job in mcdonalds is the job held by the people interacting with the actual customers. if it's a good, and pleasant experience, they come back.
no customers, no business.


of course, it's rather easy to just dismiss these people, when one has decided they have no value, no education, have kids out of wedlock and are generally losers anyway.

and by the way, i've worked in some of those jobs over the years, and the experiences gained got me to where i am now. that, and a willingness to do my best, and i have a great overall work ethic. i see people from every walk of life in my current career. from those who live in a huge home and drive fancy cars, to someone who lives in a small apartment and has no car because he can't afford it. i think dealing with a wide range of people has made me more aware over the years that it's really just not as easy as some people seem to think it is to not just live, but succeed and improve your lot in life.

I don't recall where anyone intimated that they "can't afford to pay their workers more", rather they "don't now, and shouldn't have to."

But this constant drum beat that corporations need to cut their profits in order to give that money away is insanity and verging on the edge of Communism, frankly.

If someone doesn't like working for 7.25 an hour, then they need to go & do something that pays better. If your life's calling is running the deep fat fryer at McD's, then move to where Dell ate lunch the other day - apparently there is a demand for you there as they are advertising 11-13.00 an hour.

That simple, really.


Secondly, your personal experience exactly proves the point. These are stepping stones to greater goals, not life-long careers. You gain a great deal of knowledge, interpersonal relationships, business management exposure, etc. which are all relatable skills further down the line. These are not a careers and one should not be encouraged to feel as though they are.

[dellinger63]

Originally Posted by jms62

I couldn't think of an easier CEO position than McDonalds. You build them and they come.

Yea earning a B.S. degree from Purdue in Electrical Engineering is a breeze. Then working at McD's since 1990, starting as an electrical engineer were all cush. Hell even Black Enterprise Magazine was fooled into making him 2007 Executive of the Year, considering all the other African American executives out there.

I bet he doesn't even work 30 hours a week.

[jms62]

Originally Posted by dellinger63

Yea earning a B.S. degree from Purdue in Electrical Engineering is a breeze. Then working at McD's since 1990, starting as an electrical engineer were all cush. Hell even Black Enterprise Magazine was fooled into making him 2007 Executive of the Year, considering all the other African American executives out there.

I bet he doesn't even work 30 hours a week.

Cut the strawman bullshit. Never did I say getting to the position was easy. I said that the CEO position at McDonalds doesn't seem as difficult as others and I would say it may be the easiest of all Fortune 500 companies. Typical bullshit from you :

[dellinger63]

Originally Posted by jms62

Cut the strawman bullshit. Never did I say getting to the position was easy. I said that the CEO position at McDonalds doesn't seem as difficult as others and I would say it may be the easiest of all Fortune 500 companies. Typical bullshit from you :

You realize the $67.58 million in Total Executive Compensation paid to McDonalds executives represents 1.29% of profits for the year, based on $5.5 billion profit?

If the local business down the street turned a $1 million profit for the year would it be fair to pay a lone executive $12,290? What more split it up among more than one?

When you consider the numbers, execs at McD's are far from extreme when you consider pay/profit.

Meanwhile, here locally we're supposed to swallow one is doomed if raised in Chicago Public Housing, especially Cabrini Green despite the fact the CEO of McDonalds was one of those doomed one's?

[Rudeboyelvis]

Originally Posted by dellinger63

You realize the $67.58 million in Total Executive Compensation paid to McDonalds executives represents 1.29% of profits for the year, based on $5.5 billion profit?

If the local business down the street turned a $1 million profit for the year would it be fair to pay a lone executive $12,290? What more split it up among more than one?

When you consider the numbers, execs at McD's are far from extreme when you consider pay/profit.

Meanwhile, here locally we're supposed to swallow one is doomed if raised in Chicago Public Housing, especially Cabrini Green despite the fact the CEO of McDonalds was one of those doomed one's?

Additionally what seems to get lost in all of this is that even though these corporations have a presence in the US, most all of them are global entities with international officers receiving executive compensation. The 70's and the 80's are over. So while one may feel they are entitled to a larger chunk of the pie, they are not necessarily due it just cuz they are 'Merican.

[dellinger63]

You all realize this man grew up in Chicago's famed Cabrini Green public housing nightmare and made it out?

The guy should serve as a role model. Not a villain. But that doesn't put any money into the pockets of Sharpton & Jackson and again why let facts get in the way of a 'movement'.