Average $3.20/hr increase, for 40 hrs, would make the average store net $0. So I'm guessing it's not going to happen.
http://wiki.answers.com/Q/What_is_the_Average_McDonalds_Franchise_net_profit
http://www.ask.com/question/how-many-employees-does-mcdonalds-have
If pay at fast-food joints was doubled and the prices raised accordingly the down side would be fewer people eating fast food.Let's say there are on average 10 workers in the building at once. You're telling me that McDonald's only profits $32 an hour? That's not very much...
On the other hand, that's $60k a year and I've heard that a McDonald's franchisee owner needs many locations to make a decent income.
Hmm...
Why would they want to? I understand competition is the driving force of capitalism, but treating it as a zero-sum game where only one company can win is fucking moronic. The owner of In N Out is a billionaire with one of the only fast food companies in the world that is adored by customers and food critics (who are pretty famous for hating fast food in general). What does she gain by expanding and getting into a price war with McDonalds? She's already successful, her company is successful, but because there's a bigger company in the same industry, she should feel compelled to destroy her business model for the sake of greater profits? That's beyond stupid.
Nope, companies are in the business of making money. In N Out is making quite a lot of money, AND managing to keep their workers happy. McDonalds is making more money, but their workers aren't as happy. Which company is more successful?
First of all you don't understand either business model.
McDonalds is a franchise while In N Out is not.
McDonalds is a public company while In N Out is not.
In the end, McDonalds had net income of $5.4 billion (on $30 billion revenue) while In N Out has estimated revenue of $500 million or less than 10% McDonalds net income.
So which company is more successful? McDonalds and it is no even close.
IN and OUT burger; because everyone involved is doing something better for humanity.
It's not even close.
Making burgers is improving humanity? This I've GOT to hear!
I didn't say that it was a net gain; I said that it's better relative to McDonalds.Making burgers is improving humanity? This I've GOT to hear!
Do you even lift bro?His signature used to list his weight, and how he was trying to beat a heart attack.
Seems he gave in to that struggle.
I didn't say that it was a net gain; I said that it's better relative to McDonalds.
Where's all that McD's profit going?
Do you even lift bro?
So is it preferable to provide a tiny fraction of the jobs at a slightly higher pay rate? That's pretty selfish of you. You want to see more people out of work, as long as a handful make a tiny bit more.
To the stock price, instead of complaining buy their stock if you think its so profitable.
If you assume that people buying hamburgers can afford them, for the most part, what you get is a lot more people paid better and some folks with a little less spending cash.
Which will lead to less employment
FUCK
I hate economics!
What? That only assumes they can afford them at a certain price point. there is no correlation that someone that can afford them now can afford them at a higher price or are willing to have "a little less spending cash."
And neither leads to less employment.
I don't understand how anybody can think working in fast food can be a career choice. It is a good way to get some income while in school, quickly develop customer skills, learn humility. It sure beats slaving over blueberry picking for cents per pound or moving lawns.
How did you do a one-way move for only $20 for the rental? Did the van also have 'Free Candy' on the side or something?
My g/f needed a 20+ foot truck and for the 600 mile move it was over $500. I had to fill the thing 3-4 times.
Do you even lift bro?
i think public school teachers around here (dc metro area) start out at like $39k or so. dc fire fighters start at around $42k/yr, which have a very long and intense training.
wonder why these people who think they deserve more don't go become a police officer or firefighter. oh yea, i know ... because they are lazy and have the entitlement mentality that they deserve more than they are really worth, "just because".
dude. not only does alky lift he knows how to party! Fuck! box on his head? haven't seen that wild of party since college!
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*stolen from another forum
I live in a town where McD's has burger king across the road and taco bell just the other side of a rite-aid and a little caesers next to burger king.Vote with your wallet! I don't buy McDonald's cheeseburgers, I go to a local place that pays $10 an hour. Don't expect someone else to fix the world!
that extra $2 makes the world of a difference? congrats you get to feel better about yourself.Vote with your wallet! I don't buy McDonald's cheeseburgers, I go to a local place that pays $10 an hour. Don't expect someone else to fix the world!