| Nuvendil said: Buddy, the payroll hike would come to a minimum of over 10 billion dollars more per year. 3.9 falling directly on McDonalds, 9 billion spread across the franchises. There's no way whatsoever that the pay of executives comes out the anywhere near that. As for investors, that's a whole other issue entirely. Your second assertion is flawed on it's face. Low pay is part of how Walmart and McDonalds and such maintain their low prices. Yes, there would be some increased consumption but that's not going to be evenly spread across all industries nor predictable or stable. You cannot sit there and tell me that tens of billions of dollars in payroll costs being added to the economy will not effect prices. |
Isn't it the workers right to be the ones to get the most profit out of the company they produce for? McDonalds is a company with a revenue of 25 billion dollars a year, they can shoulder that cost.
Yes, Mc Donalds and Walmart operate low prices (the same goes for Amazon's operating costs). However, one can ask if this is longer warranted when the lower prices constitute low wages and in case of McDonalds, low quality. The rise in minimum wage would cushion an eventual rise in prices. And if that means the quality of the franchises an improve, why shouldn't one do it.
