I've got some things to say on this topic, but I don't have the time to make a long post right now. I'll just reply to a couple of things for now.
That's double minimum wage. If you're making an extra $7.50 an hour, and Good A costs you 8 hours at a $7.50 an hour wage...it's not gonna cost you 4 hours. Why? Because that item is worth 8 hours of your time to purchase and companies are gonna capitalize on that.
That's not how the economics works. A product's price is based on how much it costs to produce and how much profit is required to make its production worthwhile, not how many hours it takes to generate the money to actually purchase that product. So unless Good A is made by workers who are paid the minimum wage, raising the minimum wage isn't going to double its price. (Nor would it double if Good A is made by minimum wage workers, but that's more complicated than is necessary for this dicussion.)
How many hours does a regular McDonald employee work per day in the US? 8 hour shifts?
If they're lucky. A lot of people don't get full 40 hour weeks, because working that much means the company also has to provide benefits (things like health insurance and retirement savings plans). So it's cheaper to have twice as many workers working 20 hours a week each, since then they're all considered part time and aren't entitled to benefits.
DKitten wrote:
That's double minimum wage. If you're making an extra $7.50 an hour, and Good A costs you 8 hours at a $7.50 an hour wage...it's not gonna cost you 4 hours. Why? Because that item is worth 8 hours of your time to purchase and companies are gonna capitalize on that.
That's not how the economics works. A product's price is based on how much it costs to produce and how much profit is required to make its production worthwhile, not how many hours it takes to generate the money to actually purchase that product. So unless Good A is made by workers who are paid the minimum wage, raising the minimum wage isn't going to double its price. (Nor would it double if Good A is made by minimum wage workers, but that's more complicated than is necessary for this dicussion.)
YayaFTW wrote:
How many hours does a regular McDonald employee work per day in the US? 8 hour shifts?
If they're lucky. A lot of people don't get full 40 hour weeks, because working that much means the company also has to provide benefits (things like health insurance and retirement savings plans). So it's cheaper to have twice as many workers working 20 hours a week each, since then they're all considered part time and aren't entitled to benefits.
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My posts may be long. If this bothers you, don't read them.
My posts may be long. If this bothers you, don't read them.
In denmark +18 people who work at mcdonald's earn roughly 18 dollars/hour. Also welfare is 3.000 dollars/month - Yay poor people
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I am not talking about M**** or this particular case but more general.
In a age where people who take care of other peoples money get paid 10 times as much as the money of the people they 'take care' of something is obviously wrong.
E: Denmark sounds like a nice country, Welfare is a back-breaking branch.
In a age where people who take care of other peoples money get paid 10 times as much as the money of the people they 'take care' of something is obviously wrong.
E: Denmark sounds like a nice country, Welfare is a back-breaking branch.
Um, I live in Australia where it's a crime to pay that little, lol. Not everything here is double the price because of it. Yes, McDonald's is cheaper in America than here; we only got the $1 menu a few years ago.
Minimum Wage Under 16 = $6/hour
Minimum Wage 20 = $16/hour
I don't like the American system of tips, and how people need to garnish their wages with the kindness of strangers.
Minimum Wage Under 16 = $6/hour
Minimum Wage 20 = $16/hour
I don't like the American system of tips, and how people need to garnish their wages with the kindness of strangers.
jhoijhoi wrote:
Um, I live in Australia where it's a crime to pay that little, lol. Not everything here is double the price because of it. Yes, McDonald's is cheaper in America than here; we only got the $1 menu a few years ago.
Minimum Wage Under 16 = $6/hour
Minimum Wage 20 = $16/hour
In Sweden it's roughly:
Minimum wage at 15 = $8/hour
Minimum wage at 20+ = $16/hour
The wage increments each year from the one at 15 to the one at 20.
"You can't have your privacy violated if you don't know your privacy is violated." - Mike Rogers, U.S. Representative for Michigan's 8th congressional district, 2013
I.e: Mike Rogers doesn't think it's rape unless the victim knows (s)he has been raped. Sounds legit.
I.e: Mike Rogers doesn't think it's rape unless the victim knows (s)he has been raped. Sounds legit.
jhoijhoi wrote:
I don't like the American system of tips, and how people need to garnish their wages with the kindness of strangers.
People don't really tip in fast food, it's generally only for delivery or sit down restaurants. Either way, you generally make more from tips than you would from a flat line minimum wage, but you can make less.
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I really don't understand why so many people are against raising the minimum wage.
if you double minimum wage, you'll probably end up doubling prices as well. Do you really think a publicly traded company like McDonalds is going to be willing reduce profit margins? Not a chance in hell they won't. So they'll either raise prices or cut workers.
How many hours does a regular McDonald employee work per day in the US? 8 hour shifts?
Ya that would be about right, they probably work less than 40 hours a week though so they aren't paid full time. Don't know though