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aLkaLiNE on 25 May 2016
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Nuvendil said:
Mr Puggsly said:

Throughout the years technology has gotten rid of many job. Its not necessarily a bad thing, this why we dont spend our lives working on farms and instead do other tasks.

I think 7.25 is fine for a fast food job. Any employee worth something will get a raise to stay or move onto another job. This is why a very tiny percentage of this country makes minimum wage.

Companies pay CEOs a lot of money for reasons I dont understand. But hey, its their money. I'm more bothered by tax money being spent on things I dont support or encourages people to do nothing with their life.

I'd like to see many low skill jobs treat their employees better but thats a different discussion.

You should check your math on that $7.25.  Full time for a fast food joint is ~30 hours.  That means 7.25 nets you less than 12k a year.  From what I can find, most people that get a raise but aren't shift managers (the rank and file) make around 8.50 which brings us to a whopping 13k a year.  That is impossible to live on.  Shoot, two people working that job could barely scratch by living together.  $15 is insane, but raising it to 9 to 12 depending on the region would be completely sensible, it just needs to be regionally determined. 

But yes, fast food companies are fully aware of and not at all opposed to employees coming and going pretty regularly.  They aren't looking to provide a career for their rank and file.  And frankly, I don't see why anyone would want to PURSUE a career there.  But the minimum wage is still way too low for people to even *survive* on in such industries. 

CEOs making a lot of money is another topic I've touched on plenty in this thread so I won't repeat myself but suffice it to say *anyone* can flip a burger.  90% of people could not run McDonalds.

You keep defending the idea that it takes this super rare talent to run a business when there's actually statistics discussing the success rates of companies relative to time. Even after 20 years of business, the failure rate never gets to 90%, and there's always a constant labor pool of general managers/CEOs etc that may be limited but do exist. Beyond that, I'm sure there's even more individuals out there that simply never ended up running a business but would be excellent at it. It seems that you might be exaggerating to prove your point. With that in mind it becomes increasingly hard to justify some of the known pay ratios of high profile companies, which as someone else put it, can eventually be considered wage theft. I see very few reasons where it'd be acceptable to justify incredibly inflated pay relative to your staff, such as presidency of the United States, and they are, officially speaking, paid pennies compared to the leaders of the likes of apple or ConocoPhillips under much, MUCH more demanding positions. In America we are against monopolies. But why are so few in power?