McDonald's CEO: 'We Will Support' A Minimum Wage Hike

[TheDemSocialist]

McDonald's might finally have figured out that paying its low-wage workers more would actually be a good thing for McDonald's.McDonald's CEO Don Thompson recently suggested his company would support a bill, proposed by President Barack Obama, raising the federal minimum wage to $10.10 an hour from $7.25. Such a wage hike likely wouldn't satisfy his workers, some of whom recently stormed the company's Oak Brook, Ill., headquarters demanding $15 an hour. But it would be a noticeable shift in attitude for the world's biggest restaurant chain, which has so far been neutral as the debate about higher wages has roiled around it.
"You know, our franchisees look at me when I say this and they start to worry: 'Don, don't you say it. Don't you say we support $10.10,'" Thompson said during a little-noticed talk at Northwestern University's Kellogg School of Management last month, according to a Chicago Tribune report. "I will tell you we will support legislation that moves forward."
Thompson, who made $9.5 million last year, has been on the defensive about worker pay since at least last July, when the news media discovered McDonald's had a financial-advice website for its employees (no longer available) recommending they get second jobs and not turn on their heat.

Read more @: McDonald's CEO: 'We Will Support' A Minimum Wage Hike

Now even McDonalds CEO is coming out in support of raising the federal minimum wage to $10.10 .

 

[ludin]

Read more @: McDonald's CEO: 'We Will Support' A Minimum Wage Hike

Now even McDonalds CEO is coming out in support of raising the federal minimum wage to $10.10 . [/FONT][/COLOR]

He doesn't care he is going to jack the prices up 1 dollar to 2 dollars on each item or more get rid of their dollar menu items which they have already done pretty much.
so if you want to pay 10 dollars for a mcdonalds meal go ahead i won't.

their stuff isn't worth that much.

funny that will only go for corporate employee's that might not affect franchises which make up 80% of the mcdonalds out there and if it does affect them then you will see layoffs.

 

[TheDemSocialist]

He doesn't care he is going to jack the prices up 1 dollar to 2 dollars on each item or more get rid of their dollar menu items which they have already done pretty much.
so if you want to pay 10 dollars for a mcdonalds meal go ahead i won't.

their stuff isn't worth that much.

Hmm any proof that this will happen? Any proof that it will be jacked up to $10?

funny that will only go for corporate employee's that might not affect franchises which make up 80% of the mcdonalds out there and if it does affect them then you will see layoffs.

Why would it not affect franchises?

 

[grip]

McDonald's food has got to be one of the worse for dropping in quality over the years. And Walmart is trying to turn their public image around as "employee friendly" after treating them like slaves for so many years.

Let's face it, these big corporations aren't going to suddenly become gracious without making up the difference somehow.

 

[votemout]

hell why just 10.10 an hour i say give them 25 bucks or more. I wont effect me as i dont eat at mcpink slimey.

 

[ecofarm]

And Walmart is trying to turn their public image around as "employee friendly" after treating them like slaves for so many years.

Oh, the drama.

 

[grip]

Oh, the drama.

You're obsessed with that subject aren't you?

 

[ecofarm]

You're obsessed with that subject aren't you?

The poor oppressed souls of Walmart. Forced into a life of squander under the spiked whip of corporate America!

 

[ludin]

Hmm any proof that this will happen? Any proof that it will be jacked up to $10?



Why would it not affect franchises?

franchises has some control over how they run things.

he has to make up the cost of paying them 3 more dollars an hour for the same production. so of course prices are going to go up. companies don't just take it out of their bottom line.

of course the people that support this have never run a business either so i am wasting my time.

 

[TheDemSocialist]

franchises has some control over how they run things.

If the minimum wage is set at 10.10 the franchise no matter what has to pay that wage.

he has to make up the cost of paying them 3 more dollars an hour for the same production. so of course prices are going to go up. companies don't just take it out of their bottom line.

Thats not true. Many states/cities have different minimum wages that are higher than the federal regulation, and prices did not go up. Also there is no evidence to prove that it will cost 10 bucks to get a meal at McDonalds if raised to 10.10.

of course the people that support this have never run a business either so i am wasting my time.

The CEO of McDonalds "has never ran a business"?

 

[ludin]

If the minimum wage is set at 10.10 the franchise no matter what has to pay that wage.



Thats not true. Many states/cities have different minimum wages that are higher than the federal regulation, and prices did not go up. Also there is no evidence to prove that it will cost 10 bucks to get a meal at McDonalds if raised to 10.10.


The CEO of McDonalds "has never ran a business"?

yes prices went up. mcdonalds pretty much did away with their dollar menu it is not their dollar and more menu. most items are more than 1 dollar.

i seriously doubt he supports it, but it looks good to say that he does. politics nothing more. he is already calculating how much price increase is going to go into their menu.

a double cheeseburger use to cost a dollar not it is 1.75. you use to be able to get a big mac meal for 5 dollar that has gone up to 6+ dollars.
other places it is even more expensive.

i try to avoid mcdonalds at all cost i will do so more if they pass that minimum wage bill which i doubt they will get it done.

 

[TheDemSocialist]

yes prices went up. mcdonalds pretty much did away with their dollar menu it is not their dollar and more menu. most items are more than 1 dollar.

Fast Food Is Artificially Cheap by Goldy - Seattle News - The Stranger, Seattle's Only Newspaper

i seriously doubt he supports it, but it looks good to say that he does. politics nothing more. he is already calculating how much price increase is going to go into their menu.

you dont know that.

a double cheeseburger use to cost a dollar not it is 1.75. you use to be able to get a big mac meal for 5 dollar that has gone up to 6+ dollars.
other places it is even more expensive.

Uhh the minimum wage nationally is still 7.25
Wasnt the minimum wage that raised the dollar menu: The end of McDonald's Dollar Menu as we know it - Oct. 24, 2013
i try to avoid mcdonalds at all cost i will do so more if they pass that minimum wage bill which i doubt they will get it done.[/QUOTE]

 

[DA60]

The McDonald's CEO will publicly support a minimum wage hike.

Well of course he does.

Considering many of his customers are on minimum wage, it would be idiotic to piss then off by publicly not supporting a raise in their pay.

But what he says publicly and what he lobbies for privately in Washington are two very different things, IMO.

 

[grip]

The poor oppressed souls of Walmart. Forced into a life of squander under the spiked whip of corporate America!

Poor (multi $trillion) corporate America, forced to pay a living wage to their workers and lose a few pennies of profit. :damn

 

[Papa bull]

Read more @: McDonald's CEO: 'We Will Support' A Minimum Wage Hike

Now even McDonalds CEO is coming out in support of raising the federal minimum wage to $10.10 . [/FONT][/COLOR]

So what? What does the opinion of the CEO of McDonald's mean to everyone? Whether McDonald's does or doesn't support it has no bearing on whether it's a good idea or not.

I don't think there should be a minimum wage at all but since we do have one, it's probably overdue to be adjusted. But just like the official policy statement of the McDonald's CEO...... it's just an opinion.

 

[ecofarm]

Poor (multi $trillion) corporate America, forced to pay a living wage to their workers and lose a few pennies of profit. :damn

Minimum wage should not be a living wage. It's a starting point for people with no qualifications, not a lifetime. Since when did 'fry cook' become a life goal and not a starting job.

 

[Renae]

Minimum wage should not be a living wage. It's a starting point for people with no qualifications, not a lifetime. Since when did 'fry cook' become a life goal and not a starting job.

Min wage should support a family of 4 comforrably. Didnt you know the truth? The people pushing this really believe if you are working minimum wage that's obviously all you are worth in life and they feel guilty about it.

 

[grip]

Minimum wage should not be a living wage. It's a starting point for people with no qualifications, not a lifetime. Since when did 'fry cook' become a life goal and not a starting job.

This goes way beyond high-school/college kids just starting out and earning some spending money. Many of these positions have not risen commensurate to the cost of living for decades. And these are often adults who have for many reasons lost health, careers due to technology or topped out educationally.

It's to their own, long term, detriment to not pay salaries that would stimulate spending and growth in the very markets they rely on.

 

[ecofarm]

And these are often adults who have for many reasons lost health, careers due to technology or topped out educationally.

Lost health is compensated by SSD/I, as are disabilities. "Topping out" educationally does not limit one to a min wage job. 99% of people get a raise within a year and a promotion as well.

Arguing that being a fry cook is a legitimate career is nonsense. It's, frankly, insulting to every fry cook. Even someone who's been a fry cook for 6 months has a raise. Who are these people that never get raises? I know a guy who's been at McDonald's for a couple years, sanitation, started min now making near $10.

Min wage is a favor to unqualified workers. It gives them a chance to get started. It's not meant to be a "livable wage". It's meant to be "roommates and working to get a promotion so as to have ones own place".

 

[Lord of Planar]

If McDonalds thinks it's such a good idea, then they should just pay their employees more. Lead the way rather than waiting for the feds.

I say put up or shut up.

 

[Ray410]

I like McDonalds. I always order a #3, which is a Quarter Pounder with Cheese meal. Medium size, comes with fries and a drink. The price has already gone up over the past year and at several places in town, it is now $6.90. When it goes over $7.00, I'm gone. I already feel like I'm spending too much.

I can afford an increase, but there is no way in Hell that I can mentally justify paying over $7.00 for a hamburger in a paper bag. That's the mental threshold for me; $7.00. I'll stay home and make a tuna sandwich.

For most people, I think it's the mental threshold that is going to hurt McDonalds and the other fast food places. It's just too much money for fast food that, deep down, you know you shouldn't be eating anyway.

 

[grip]

Lost health is compensated by SSD/I, as are disabilities. "Topping out" educationally does not limit one to a min wage job. 99% of people get a raise within a year and a promotion as well.

Arguing that being a fry cook is a legitimate career is nonsense. It's, frankly, insulting to every fry cook. Even someone who's been a fry cook for 6 months has a raise. Who are these people that never get raises? I know a guy who's been at McDonald's for a couple years, sanitation, started min now making near $10.

Min wage is a favor to unqualified workers. It gives them a chance to get started. It's not meant to be a "livable wage". It's meant to be "roommates and working to get a promotion so as to have ones own place".

Anybody see anything wrong with this business model? There's a reason the economy is not working well.

 

[ecofarm]

Anybody see anything wrong with this business model? There's a reason the economy is not working well.

New workers are added constantly, they get raises, promoted or go into other fields or restaurants or college as possible. The problem is not with the capitalist business model, the problem is with your misconception that a min wage job constitutes a career.

 

[grip]

New workers are added constantly, they get raises, promoted or go into other fields or restaurants or college as possible. The problem is not with the capitalist business model, the problem is with your misconception that a min wage job constitutes a career.

I don't know, there seems to be an imbalance of where the majority of money is going, and it appears to be corporate/elitist leverage?

 

[ecofarm]

I don't know, there seems to be an imbalance of where the majority of money is going, and it appears to be corporate/elitist leverage?

You'd like a majority of the money going to people who are not capable of getting a promotion or even a raise? Let's be real. You're not supporting the average min wage worker, who will, like most, go on to bigger and better things. You're supporting someone that intends to remain a fry cook as their career. Is that really a good idea? If they're disabled, they will be compensated by ssd/i. If they're incapable of working with others well enough to earn the min raise, they are disabled.