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The problem here is that the interests of the companies are not aligned with the interest of the workers. That's why you have vast expenditures in the manageme
by esarbe 5y ago
The problem here is that the interests of the companies are not aligned with the interest of the workers.
That's why you have vast expenditures in the management that go largely unquestioned while there's a constant pressure to pay workers as little as possible.
That's why it is beneficial for McDonald's to spend millions on lobbying instead of raising the pay for their workers by once cent.
McDonalds made $1.76 in the third quarter of 2020 billion over the same period. That's 9000 USD per worker. I'm pretty sure that there are a lot of families that could make good use of that money.
- 1123581321 5y agoComputing that ratio is challenging here because the franchisees are the ones hiring most of the lower wage employees, and their profits aren’t included in McDonald’s corporate. There are about 3 million people working at a McDonalds worldwide. Giving McDonald’s corporate raises of $9k/quarter would mostly just move middle class and upper middle class further up, excepting a few corporate stores.
- esarbe 5y agoI don't really understand the global corporate structure. I guess you're right that much of these profits comes from other countries. Here's an idea; how about the workers in these countries get a pay raise? Seriously. All that money these companies are making; it is exploitative profit. Even if distributing it among workers "only" rises the middle class a bit higher, at least that money goes into hands that have an immediate need for it. It not going to corporate buy-backs would be a win in itself.
- 1123581321 5y agoSure, I'd like to see it on some level. Probably the best way to increase the pay of entry-level McDonald's workers is to improve education outcomes so there isn't as much demand for unskilled positions.
- esarbe 5y agoThat's a sound proposition.