3 ms·
The article you link fails to mention that McDonald's also spent about 8.5 billion on stock buybacks and dividends in 2018, which would have been enough to give
by carbonguy 6y ago
The article you link fails to mention that McDonald's also spent about 8.5 billion on stock buybacks and dividends in 2018, which would have been enough to give every one of their 210,000 employees an extra 40,000 dollars that year on top of what they already made that year. Not quite $44 an hour, but a hell of a lot better than minimum wage - and the company wouldn't need to spend a single extra cent or raise any prices in order to do it.
From the 2018 annual report: https://corporate.mcdonalds.com/content/dam/gwscorp/nfl/investor-relations-content/annual-reports/McDonalds_2018_Annual_Report.pdf https://corporate.mcdonalds.com/content/dam/gwscorp/nfl/inve...