Thread: McDonald's Guide to Budgeting on Min. Wage

that is crazy!!!

Is it Germany that has a law that says a CEO can only make like 50 times what their lowest paid employee earns? I like that. you either pay your people more or you earn less.

Fucking hypocrite's. People need to wake the fuck up!

Originally Posted by Pound Hound

that is crazy!!!

Is it Germany that has a law that says a CEO can only make like 50 times what their lowest paid employee earns? I like that. you either pay your people more or you earn less.

No, and it doesn't even have a minimum wage. Last time I was there 'One-Euro Jobs' were in fashion. That's what people could make when they received welfare. Must be one of the Scandinavian countries.

What a joke that budget is! McDonald's own employee health insurance policy, the cheapest one available, cost more than $20 per month. Employees often have to be there a year to qualify for any company health benefits.

I like McDonalds.

When I was cold and hungry they let me sit in every branch with a cup of coffee for 3-4 hours. They also let me wash, shit and shave in their bathrooms of a morning without making a fuss.

Plain Cheesburger is quite holy too

Originally Posted by beazalbob69

People need to wake the fuck up!

Good luck with this promoted disposition.

Most will remain catatonic for generations to come.

So all of a sardine the trickle-down effect is not good enough for you greedy fuckin plebs? They did say trickle. You no unnerstan Inglit?

Originally Posted by FlyFree

So all of a sardine the trickle-down effect is not good enough for you greedy fuckin plebs? They did say trickle. You no unnerstan Inglit?

คุณเป็นหี

I tried to copy/ cut and pasts the chart but my laptop would not allow.

The whole budget is a joke. And notice the partnering with Visa.

Not just Micky-Ds but lots of other jobs like this in the US and they are expanding.

Something may give; something has gotta give.

Not a minimum wage but a living wage.

Originally Posted by OckerRocker

I do hope you're not suggesting that Germany is in any way similar to the US in reference to working conditions and pay?

But I do suggest exactly this. The social market economy is dead, perished along with communism. The capital is no longer forced to make concession to labour, because there is no alternative to capitalism at present. The US merely leads Germany by ten-odd years reintroducing Third-World conditions starting with Alzheimer Ronald, and Germany with the reunification. You know that the permanent labour contracts with full social benefits have decreased sharply, replaced by temporary employment with no benefits. And you know that the present economic miracle of Germany is paid for by the workforce, which in its entirety earns less than a decade ago.

And the age of the average McDonald´s worker is going up.
--
Older Workers Have Flocked to Fast Food Jobs Over the Past Decade


If you had to guess, what would you say is the average age of a fast food employee in the United States?

18? 20? Older? Younger?

The answer? 29.5.

That's right - the average age of a fast food employee in the United States is 29 1/2 years.

This is up dramatically from 2000, when the average fast food worker in the US was 22 years old. (Source: U.S. Census Bureau)

The fast food industry has been in the spotlight over the past week thanks to a recent hiring blitz by McDonald's. The fast food giant had a "National Hiring Day" earlier this week in which they were looking to fill 50,000 job openings.

There was a crush of applicants nationwide. People arrived early and stayed late just to interview for a position. Many locations through the country had hundreds of people lined up to apply for a position.

People from all different walks of life applied for positions at McDonald's. People with families. Older folks. Teenagers. The mass of people that applied for a "McJob" just illustrated how poor the US job market is right now.

Many people think that fast food jobs are primarily occupied by teenagers, but that's no longer the case.

Over the past decade, the average age of a fast food worker in the United States has surged higher, mainly because many older workers are not able to find work elsewhere. Fast food positions don't pay well, but many people just aren't able to find work anywhere else.

If this budget is failing so spectacularly, then why the heck has McDs published it at all? Seems liks a promotion backfire?

If it's genuine, that is.

McDonald's has certainly shot itself in the foot with this. Even Forbes is having a jab at them.

Why McDonald's Employee Budget Has Everyone Up In Arms



Snip:

Take a look at the sample budget, provided in a Web site that McDonald’s created in conjunction with Visa V +0.72%. Here are some of the main criticisms of it:

It assumes the worker is working two jobs.
It surmises that health insurance costs $20 a month.
It doesn’t include child care, groceries, clothing or gas for the worker’s car.
Also, another, possibly earlier, version of the budget (seen here) proposed that heating would cost $0 a month.
The health insurance line item may be the most absurd. As this video points out — is that $20 for Bandaids and nine aspirin a month? The average national health insurance premium for an individual is $215 per month. As far back as 2010, even McDonald’s own plan for its workers costs $14 a week, according to The Wall Street Journal.

Also, that missing gas expense? In 2012, the average American family spent almost $250 a month on gasoline, according to the U.S. Energy Information Administration.

Why McDonald's Employee Budget Has Everyone Up In Arms - Forbes

Simply mind-boggling what damage a bunch of MBAs locked in a room trying to be clever can do

Gas and groceries are variables, paid out off the $750, up to you how much you spend for them. Different from the 'monthly expenses' for which you get a monthly bill. This person would do better with a scooter rather than a car.

Originally Posted by misskit

McDonald's has certainly shot itself in the foot with this. Even Forbes is having a jab at them.

Why McDonald's Employee Budget Has Everyone Up In Arms



Snip:

Take a look at the sample budget, provided in a Web site that McDonald’s created in conjunction with Visa V +0.72%. Here are some of the main criticisms of it:

It assumes the worker is working two jobs.
It surmises that health insurance costs $20 a month.
It doesn’t include child care, groceries, clothing or gas for the worker’s car.
Also, another, possibly earlier, version of the budget (seen here) proposed that heating would cost $0 a month.
The health insurance line item may be the most absurd. As this video points out — is that $20 for Bandaids and nine aspirin a month? The average national health insurance premium for an individual is $215 per month. As far back as 2010, even McDonald’s own plan for its workers costs $14 a week, according to The Wall Street Journal.

Also, that missing gas expense? In 2012, the average American family spent almost $250 a month on gasoline, according to the U.S. Energy Information Administration.

Why McDonald's Employee Budget Has Everyone Up In Arms - Forbes

Thanks for posting the chart, misskit.

I am glad the McDonald´s got caught in this act of truth (and stuidity).

I think the workers grievance is fair. $7.25 an hour in NYC? Must be good for the investors. Mickey-D has been doing well for several years.
--
Fast-food restaurants were a little bit slower Thursday in New York City.

Hundreds of workers staged a one-day strike in what organizers are calling the biggest job action ever in that industry. It's a growing segment of the economy, but workers complain that fast-food jobs don't pay enough to survive in New York City.

The current minimum wage in New York is $7.25. That's what many fast-food workers in the city earn, including Joseph Barrera, who works at a KFC restaurant in Brooklyn. He thinks fast-food companies can afford to treat their employees better.

"We help them earn those billions of dollars that give them the lifestyle that the CEOs get. They earn million-dollar paychecks, so why can't they give us something that we can live on?" says Barrera.

This is the second time workers at fast-food restaurants around the city have walked off the job in the past six months.

Jonathan Westin is a campaign manager for Fast Food Forward, the group that organized both strikes. It's calling for fast food restaurants to pay a so-called living wage of $15 an hour.

NYC's Fast-Food Workers Strike, Demand 'Living Wages' : The Salt : NPR

Originally Posted by barbaro

"We help them earn those billions of dollars that give them the lifestyle that the CEOs get. They earn million-dollar paychecks, so why can't they give us something that we can live on?" says Barrera.

While I support the workers needs to earn a higher wage they need to understand that tt's a franchise, he's helping a small business owner struggle to make some money and employee a small number of locals. This franchise owner will never be a billionaire.

Originally Posted by kingwilly

Originally Posted by barbaro

"We help them earn those billions of dollars that give them the lifestyle that the CEOs get. They earn million-dollar paychecks, so why can't they give us something that we can live on?" says Barrera.

While I support the workers needs to earn a higher wage they need to understand that tt's a franchise, he's helping a small business owner struggle to make some money and employee a small number of locals. This franchise owner will never be a billionaire.

Glad you are posting on this thread Willy.

Question:

How do franchises relate to the McD stock performance?

All of the franchises are put together, then I assume. ?

Originally Posted by barbaro

How do franchises relate to the McD stock performance?

The company sells the franchises and supplies them.

The franchise owner is a SME owner, he or she may own several, or he or she may own just one. The cost depends on the location of the restaurant but can vary from as low as a couple of hundred thousand to several million dollars.

The franchise owners are doing well, Kingwilly. I know of only one instance one of them broke in Germany, of currently 1,400 outlets. It made headlines in the papers and TV, dubbed 'victory of the grilled sausage', the local specialty of were this Mac was located.

Originally Posted by Rainfall

The franchise owners are doing well, Kingwilly.

Some are, some are not.

None are billionaires, though.