Doubling McDonald's Salaries Would Cause Your Big Mac To Cost Just 68¢ More: Study

[applegrove]

Doubling McDonald's Salaries Would Cause Your Big Mac To Cost Just 68¢ More: Study

by Caroline Fairchild at Huffington Post

http://www.huffingtonpost.com/2013/07/29/mcdonalds-salaries_n_3672006.html?ir=Detroit

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McDonald's can afford to pay its workers a living wage without sacrificing any of its low menu prices, according to a new study provided to The Huffington Post by a University of Kansas student.

Doubling the salaries and benefits of all McDonald's employees -- from workers earning the federal minimum wage of $7.25 per hour to CEO Donald Thompson, whose 2012 compensation totaled $8.75 million -- would cause the price of a Big Mac to increase just 68 cents, from $3.99 to $4.67, Arnobio Morelix told HuffPost. In addition, every item on the Dollar Menu would go up by 17 cents.

Morelix's research comes as fast-food workers across the country strike for a $15 per hour minimum wage. Workers are also protesting for the right to unionize without fear of retaliation. Protesters are holding strikes in seven cities over a four-day period, according to Salon.

Morelix looked at McDonald's 2012 annual report and discovered that only 17.1 percent of the fast-food giant's revenue goes toward salaries and benefits. In other words, for every dollar McDonald's earns, a little more than 17 cents goes toward the income and benefits of its more than 500,000 U.S. employees.



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[marions ghost]

1. So the McCEO makes 8.75 million per year

and his workers are paid 7.25 per hour...

Somethin wrong there.

[RebelOne]

2. That would be fine with me because I never eat at McDonald's

or Burger King or any other fast food restaurant.

[Heather MC]

3. Same!

But the workers deserve a living wage. It's no longer pimpled faced teenagers working in these places anymore. It's Moms and Dads trying to survive on next to nothing

[Vashta Nerada]

4. I have no problem with that.

But I don't eat there anyways.

[mythology]

5. While I don't eat at McDonalds,

I do eat at other fast food restaurants and I would pay more to have the workers get a higher wage.

But don't forget the workers further down the food supply line. Farm workers get paid crap for jobs that are physically more difficult and also live in situations where because they may be here illegally they may have wages stolen by their bosses or the victim of other crimes.