McDonald's and Chipotle said they will raise menu prices in California to pay for the minimum wage hikes that Gov. Gavin Newsom recently signed into law.
This is what being addicted to ever-growing profit looks like. They could still make mountains of profit with the new minimum wage, but they can’t make as much profit as they did before.
If they aren’t increasing their profits every year endlessly, they’ll have to stop using that one clipart of the arrow line going up on a graph in their presentations.
They sacked the guy that knew how to change the image years ago and they’re in too deep now to stop
McDonald’s has 200,000 employees, and another 2 million that work for McDonald’s franchises. Thats 2,200,000 for every 100 million you took from the executives, you could give every employee a $45 bonus.
Fired, they would all be fired. If you dissolve a company, there is no more company. For every billion dollars, you are talking about 450 bucks. Per person. While there is certainly a lot of bloat, it would knew cap them to get rid of management. It would any company. I’m not saying there is no need for reform and change, but in lots of companies even local management gets stock options.
So far in 2023, McDondald’s has spent just a bit over 2B on stock buybacks to “increase their shareholder’s value”. According to the wiki, they have 200,000 employees.
That’s a $10,000 bonus/employee assuming equal distribution.
They have 200,000 actually employed by m
Mc Donald’s and another 2,000,000 employed by McDonald’s franchises genius. Guess which ones are the workers most people see everyday.
And when they dissolve those options for a one time 10,000 dollar benefit, then what? You got exactly what your payout would be, as a single mom, with 2 kids in income tax, for one year, so what after that? You sound like a 15 year old kid that is terrified at getting their first job to help your parents pay for their phone, car, and insurance on said first car. There are 50 jobs that you would never need to worry about this in. Maybe you wouldnt need to worry about any of that nonsense. Maybe you can’t be an alternative artist that " arts" for 12 hours a week, but you can still make a livable wage off a trade, or a little higher learning.
You really don’t understand what you’re talking about. Maybe you should actually read the link, do some research and apply some thought before you get offended for the poor corporation.
If you pulled your head from your fourth point of contact, you’d understand what a buyback is. Then you might do further research and notice that over the last four years, McDonald’s, on average, spends 3b/year on buybacks rather than spend the money on paying a decent wage for their employees.
Or, you can keep making shit up to fit your bullshit world view of “corporations great, every who works is just greedy”.
Pretty sure I already know the way you’ll go. I’ve given you a start for things to look at, it’s the best I can do for the youth of today.
3,000,000,000÷ 2,200,000 = 1,363 dollars or 163 dollars a month. Thats still not a decent wage. I think you think I’m on McDonald’s side. I’m not, but I also don’t think you understand, why it would still be necessary to raise prices on their food to pay a good bit higher wage.
This is what being addicted to ever-growing profit looks like. They could still make mountains of profit with the new minimum wage, but they can’t make as much profit as they did before.
If they aren’t increasing their profits every year endlessly, they’ll have to stop using that one clipart of the arrow line going up on a graph in their presentations.
They sacked the guy that knew how to change the image years ago and they’re in too deep now to stop
Wall Street is cancer.
Or, you know, make as much profit by the executives taking a pay cut.
McDonald’s has 200,000 employees, and another 2 million that work for McDonald’s franchises. Thats 2,200,000 for every 100 million you took from the executives, you could give every employee a $45 bonus.
And if they took the money they use in stock buybacks and used that for salary, what would it be?
Stock buybacks used to be illegal market manipulation.
Fired, they would all be fired. If you dissolve a company, there is no more company. For every billion dollars, you are talking about 450 bucks. Per person. While there is certainly a lot of bloat, it would knew cap them to get rid of management. It would any company. I’m not saying there is no need for reform and change, but in lots of companies even local management gets stock options.
Ummm, no. Stock buyback has nothing to do with dissolving the company, but increasing shareholder value.
So far in 2023, McDondald’s has spent just a bit over 2B on stock buybacks to “increase their shareholder’s value”. According to the wiki, they have 200,000 employees.
That’s a $10,000 bonus/employee assuming equal distribution.
They have 200,000 actually employed by m Mc Donald’s and another 2,000,000 employed by McDonald’s franchises genius. Guess which ones are the workers most people see everyday.
And when they dissolve those options for a one time 10,000 dollar benefit, then what? You got exactly what your payout would be, as a single mom, with 2 kids in income tax, for one year, so what after that? You sound like a 15 year old kid that is terrified at getting their first job to help your parents pay for their phone, car, and insurance on said first car. There are 50 jobs that you would never need to worry about this in. Maybe you wouldnt need to worry about any of that nonsense. Maybe you can’t be an alternative artist that " arts" for 12 hours a week, but you can still make a livable wage off a trade, or a little higher learning.
Stock buybacks used to be illegal market manipulation.
You really don’t understand what you’re talking about. Maybe you should actually read the link, do some research and apply some thought before you get offended for the poor corporation.
If you pulled your head from your fourth point of contact, you’d understand what a buyback is. Then you might do further research and notice that over the last four years, McDonald’s, on average, spends 3b/year on buybacks rather than spend the money on paying a decent wage for their employees.
Or, you can keep making shit up to fit your bullshit world view of “corporations great, every who works is just greedy”.
Pretty sure I already know the way you’ll go. I’ve given you a start for things to look at, it’s the best I can do for the youth of today.
3,000,000,000÷ 2,200,000 = 1,363 dollars or 163 dollars a month. Thats still not a decent wage. I think you think I’m on McDonald’s side. I’m not, but I also don’t think you understand, why it would still be necessary to raise prices on their food to pay a good bit higher wage.