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> Maybe pay people more and treat them better? How very un-American of you. /s One thing that always staggers me in endless discussion is that nobody ever, ev

by grecy 7y ago

> Maybe pay people more and treat them better? How very un-American of you. /s One thing that always staggers me in endless discussion is that nobody ever, ever talks about decreasing profits as a way to fix societies problems. I mean, in 2018 McDonald's returned $8.5 billion to shareholders through share repurchases and dividends, it announced a 15% increase in its quarterly dividend to $1.16 per share. [1] I bet the workers would like some of that. [1] https://news.mcdonalds.com/news-releases/news-release-details/mcdonalds-reports-fourth-quarter-and-full-year-2018-results-and https://news.mcdonalds.com/news-releases/news-release-detail...

0xffff2 7y ago
I was initially skeptical, so I went looking for some numbers. If the numbers I pulled off of Google are right (and I did the math right), that's something like $850 per employee every quarter. I've got to say, that's not nothing, especially considering many employees are in countries where with lower prevailing wages than the US. Numbers: Shares outstanding 768,000,000 Employees: 210,000 Percentage of McDonald's that are corporate owned: 20% Dividend per employee: ($1.16 * 768,000,000 * 0.2) / 210,000 ~= $850
cco 7y ago
About $4,400 per year per employee globally. A large amount of money to most McDonald's workers in the US and an life changing amount of money for a worker in say India.
Rainymood 7y ago
What have the workers done to "earn" this? They literally signed an agreement to work X hours for Y amount of dollars. They said yes to that. If they wanted a piece of the equity -- the profits, they should have negotiated for that in their contract.
- 0xffff2 7y ago
  McDonald's and other similar companies are having a hard time convincing potential employees to sign the existing agreement. If they want to convince more people to agree to work for them, one option is to offer more money, which McDonald's at least can certainly afford. Or, more snarkily, what have the investors done to "earn" this?

by grecy 7y ago

0xffff2 7y ago

I was initially skeptical, so I went looking for some numbers. If the numbers I pulled off of Google are right (and I did the math right), that's something like $850 per employee every quarter. I've got to say, that's not nothing, especially considering many employees are in countries where with lower prevailing wages than the US. Numbers: Shares outstanding 768,000,000 Employees: 210,000 Percentage of McDonald's that are corporate owned: 20% Dividend per employee: ($1.16 * 768,000,000 * 0.2) / 210,000 ~= $850

cco 7y ago

About $4,400 per year per employee globally. A large amount of money to most McDonald's workers in the US and an life changing amount of money for a worker in say India.

Rainymood 7y ago

What have the workers done to "earn" this? They literally signed an agreement to work X hours for Y amount of dollars. They said yes to that. If they wanted a piece of the equity -- the profits, they should have negotiated for that in their contract.

0xffff2 7y ago
McDonald's and other similar companies are having a hard time convincing potential employees to sign the existing agreement. If they want to convince more people to agree to work for them, one option is to offer more money, which McDonald's at least can certainly afford. Or, more snarkily, what have the investors done to "earn" this?