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COMMUNITY PUNDITS
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kevrob 07:52 PM on 08/29/2013
Robert, we can technically afford to pay the unemployed $15.00/ hour too.  That doesn't mean it's right. 
I get it.  McDonald's workers don't get paid very much.  I would imagine that the only salaried employees are the managers.  
But they don't have to pay very much money.  These are not skilled positions.  Furthermore, they can replace anyone in the restaurant  Read More...
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wesdfs
mad as a hatter
01:15 PM on 08/30/2013
Its not just McDonalds and Wal-Mart but every business that should pay a living wage---otherwise it cost you to go to work...bunch of greedy f's out there with no heart
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Napoleon3
01:29 PM on 08/30/2013
Living wage?
Are you saying that all Jobs should be a living wage. Give me a break.
Flipping burgers is a entry platoon that requires zero skill or education. A job is what someone is willing to pay. It is up to you to improve through life to create a job that will support you.
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wesdfs
mad as a hatter
01:50 PM on 08/30/2013
yes Im saying every person has a right eat to and pay bill which you cant do working on the wages they make. paying a living wage doesn't hurt anyone. this isn't a 3rd world country and not everyone is capable of bettering themselves or the job they have... And in case you haven't noticed the job market sucks or they are only hiring part time... you should try to live on them wages for a month and see how far you get.
02:35 PM on 08/30/2013
I am sorry, Napoleon. But I need to disagree with that statement because it has become incorrect in these modern times.

I am assuming from your picture and that statement, that you are probably in your 50's?

Years ago, flipping burgers was an entry-level position. It was a "My first job!" kind of situation. Similar to running a paper route, or working at your local grocery store. It was just a place to work when you got your papers at 16 (or whatever) and you could have some spending money for your younger years. You might have even mowed lawns around the neighborhood, or baby sat depending on your gender and inclinations.

That is no longer the case. Your average Fast Food employee is not the 16 year old getting their first job. It's a 26 year old, fresh out of college with a degree and desperate to find a position anywhere because the job market is inundated by 40 and 50 year olds that lost their positions of 30+ years because the company fell apart during the economic crash.

I am not saying it's an intensive job but the world we live in now has changed, dramatically. Getting a Fast Food job is no longer the limited occupation of kids in High School desperate for some spending money.

This is from Yahoo News, from an interview from one of the representatives from Fast Food Forward: http://news.yahoo.com/us-fast-food-workers-strike-supersize-wages-134800230.html
Dar4873
2 Parties, 1 Absolute Disaster
12:35 PM on 08/30/2013
Robert Reich: I am dumber than a box of rocks, which I prove every time I open my mouth.
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sdesign
12:43 PM on 08/30/2013
Well then, close your mouth.
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Rodger leMonde
I call them as I see them.
12:44 PM on 08/30/2013
Afraid of competition?
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retiredbuthappy
greed and arrogance are the paths to destruction
12:32 PM on 08/30/2013
to me..its easy..if you pay higher wages..you create consumers with more buying power..its not like the wealthy...where..when you give them a tax break..the money goes to art,gold,diamonds,off shore accounts,overseas investments,islands,
shadow banks....very little of this "extra wealth"..stays in this country..or goes into its economy!
now..if you give someone a good wage..they can afford to buy more clothes..homes...cars...food...vacations...plane trips...etc etc....

its a no brainer to me............
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Sthernbull
I am one of the 53% that pays taxes.
01:00 PM on 08/30/2013
That is called Supply side economics and it works every time it is tried, but liberals will not admit that becuase that is what Reagan did.
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Opposition Research
Studying the enemies of civil liberty for 20 years
01:26 PM on 08/30/2013
It hasn't worked here. Pop goes the theory.
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retiredbuthappy
greed and arrogance are the paths to destruction
01:35 PM on 08/30/2013
hardly..Reagan put money on a charge card..like bush..{voodoo economics}...Reagan was 'trickle down'..some day..the nickels may fall into a working mans paycheck..maybe!..its you who have it wrong!..lol
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Raccoon1
These are the times that try men's souls........
01:19 PM on 08/30/2013
Henry Ford did it with great success. He paid his workers enough that they could afford to buy a car. Other makers sued, but lost.
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Napoleon3
01:26 PM on 08/30/2013
Oh brother. I laugh when liberals with zero understanding of business use this.
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retiredbuthappy
greed and arrogance are the paths to destruction
01:35 PM on 08/30/2013
bingo!...........YOUR TODAYS WINNER OF 'COMMON SENSE GONE WILD!"...CONGRATS!
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Stewart Goss
Collectivism leads to mass poverty
12:25 PM on 08/30/2013
All talk, no action.

Call me when a Democrat has a fast food chain the size of McDonalds that pays $15 an hour.

Good luck.
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456098405602600590456012
12:49 PM on 08/30/2013
Greed doesn't know a political party.
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Sthernbull
I am one of the 53% that pays taxes.
02:09 PM on 08/30/2013
When did the desire to be sucessful become "greed"?
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sdesign
12:52 PM on 08/30/2013
I'm a democrat and a stockholder of McDonalds stock (MCD) for 10 years, have realized nearly 500% on the investment and have no problem with an increase in wages. The higher wages can be absorbed by all. Consumer and stockholders alike would be little affected.
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Sthernbull
I am one of the 53% that pays taxes.
02:08 PM on 08/30/2013
WOW, you do realize when the cost of production goes up, the price has to go up, when the price of the item goes up, you sell fewer items, thus you no longer need as many workers. If you want to massive layoffs, raise the min wage.
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nicko68
12:19 PM on 08/30/2013
You Want $15 an Hour For Burger Flipping? Own a McDonalds Franchise and Find Out Why Not

The ultimate issue is that liberal regressives have zero concept of how a business runs. McDonalds corporate does not dictate the wages for the franchises.

I was breaking down the math on the $5.5 billion in profit against 33,000 stores worldwide, which came out $166,666 profit/year per store. That fit in line with numbers at burgerbusiness.com on a typical McDonalds franchise.

http://www.burgerbusiness.com/wp-content

Their numbers show (after everything is paid off), the franchise owner gets about $153,900 in profit after annual sales of $2.7 million. Hardly a rich salary.
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Stewart Goss
Collectivism leads to mass poverty
12:29 PM on 08/30/2013
Add $15,000 extra per employee and you have $150,000 per year (and typical McDonalds have more than 10 FTE).
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Opposition Research
Studying the enemies of civil liberty for 20 years
01:37 PM on 08/30/2013
And the extra $15,000 can be restored with the most insignificant of price increases.
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ochaye
I'm thinking about giving up all caffeine.
12:30 PM on 08/30/2013
Whatever.
Try to make another point, some other time.
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Vladislaw
University of North Dakota-economics, russian stud
12:15 PM on 08/30/2013
When a nobel prize winner in economics says ....
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Sthernbull
I am one of the 53% that pays taxes.
02:11 PM on 08/30/2013
Look, Buddy, the nobel prize is not that big of a deal any more, hell even Obama got one!
12:15 PM on 08/30/2013
If employees of Walmart or MacDonalds don't like their conditions, they can move to Costco or Wendy's. There are no restrictions keeping the good workers going where the pay is best. Saying that wages should be $x is totally irrational and ignores economic reality.
12:21 PM on 08/30/2013
Hey everybody this guys has it figured out!! He knows all the answers and is better educated and more insightful..........yea right ha haaaa give us a break Cub Scout
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Sthernbull
I am one of the 53% that pays taxes.
02:11 PM on 08/30/2013
He is correct, why cannot you libs grasp this?
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Raccoon1
These are the times that try men's souls........
01:22 PM on 08/30/2013
But, you're OK with defense contractors getting no bid contracts? Tell me about economic reality again?
01:40 PM on 08/30/2013
Maybe you responded to the wrong post. I can't find the discussion of no-bid contracts that you reference.
12:14 PM on 08/30/2013
Bull Robert! Because human nature says if someone gives you $15, then you will demand $20. $20 then $30 then $50 and then so on. Let the market decide.
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retiredbuthappy
greed and arrogance are the paths to destruction
12:35 PM on 08/30/2013
that's what rich folks do daily!.."hey..i want that money that goes to those kids school lunches!"..
,,,,,,,,,,,,,,,who whines more..than those who have the most!
{thanks for your analogy!}

{if you want the market to decide..end all corporate welfare/subsidys/programs across the board!...want to bet you would pee yourself!}
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Sthernbull
I am one of the 53% that pays taxes.
02:12 PM on 08/30/2013
Wow, did you fail Economics in High School?
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Inkosi
The gods themselves rage against stupidity
04:58 PM on 08/30/2013
They would never let the market decide unless they had rigged the market.
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sdesign
01:02 PM on 08/30/2013
Jack up the cost of the burger by 30 cents and nobody cares.
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wisconsinsteve
I am not a strawman.
06:57 PM on 08/30/2013
Exactly. I go into these place and purchase what I want to eat and don't count nickels.
12:05 PM on 08/30/2013
If you only have a high school education or less, then flipping burgers and stocking shelves is where you are likely to end up, unless you develop a skill like construction, auto repair, etc.. If you are a college graduate and flipping burgers you might not have gotten much of an education. Which is something Dr. Reich could actually work on, as opposed to telling others how they should run their business. Always easier to advise other folks.
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12:11 PM on 08/30/2013
Low paying service jobs are approaching 2/3rds of all jobs. Should that perpetual 2/3rds be content with its station in life just because there is a chance it might be part of the last 1/3rd?
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Stewart Goss
Collectivism leads to mass poverty
12:30 PM on 08/30/2013
Low paying jobs are increasing because the workforce is refusing to get a better education. Throughout history the workers have had to augment their skills, but for some reason today, that doesn't apply?

This trend will continue as technology improves.
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ochaye
I'm thinking about giving up all caffeine.
12:30 PM on 08/30/2013
You sound small in mind.
Dar4873
2 Parties, 1 Absolute Disaster
12:37 PM on 08/30/2013
You have no room to talk.
04:19 PM on 08/30/2013
True, but not flipping burgers anymore.
11:59 AM on 08/30/2013
From a Keynesian fool who never ran a business, or met a parole...that is why he is academia...those who can do, those who can not teach.
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12:12 PM on 08/30/2013
A narrow-minded busily-bodied chase of wealth is not difficult compared to living an examined life.
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Rodger leMonde
I call them as I see them.
12:56 PM on 08/30/2013
Yes, big businessmen should be meeting their parole.
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11:49 AM on 08/30/2013
It just occurred to me, that when I watched the Hunger Games there were people in the theatre thinking it was the Tea Party Manifesto.
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sagefeldemeyer
TP Mission: Destroying America!
11:56 AM on 08/30/2013
A good one!
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ApprxAm
11:38 AM on 08/30/2013
I wish Dr. Reich was correct, but this simply isn't going to matter much if achieved. McDonald's wouldn't just be competing with Burger King or Wendy's. They'll be in labor competition with IHOP and Applebees, then Home Depot and Pet Smart and the chain will drive labor competition with health care nurse aids and day care workers.

In theory, the rising tide raises all boats, but this supposedly "free market" has been quite adroit at suppressing that with job cuts and greater productivity outputs. It isn't a coincidence that real-world wage increase haven't happened in fifty-years, along with the replacement of pensions with tenuous 401k plans and other criminal instruments. This is a real-thing going.

This has been going on for nearly fifty-years and belies some long-term plan to decrease the per capita worth of all Americans, seemingly, I guess, to strike a global balance in wealth. They already own the general wealth of this nation, and have for awhile, so what else is next?

If McDonald's wanted to raise their worker's wages, Wall Fleece and others like Goldman-Sachs would vehemently object. And if they rejected the pressure and raised them tomorrow, how long would it take for monetary policy and compliant wage matches by others to undercut the relative worth of those increases?
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11:58 AM on 08/30/2013
thats not the point, it is to lift people out of poverty, and keep the out.
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ruolivert
12:11 PM on 08/30/2013
when was lifting people out of poverty the point of capitalism?
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Audrey Ferragamo
live and let live
11:20 AM on 08/30/2013
Pay up!!!It would be more if it was up to me, $ 17.29.
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11:03 AM on 08/30/2013
McDonald s has 1,800,000 US employees...a $5/ hr increase their hourly cost by $9.44 million. Does wee man explain how this works?
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11:35 AM on 08/30/2013
Woohoo...that will be an amazing injection into the economy, give more people money to invest in burgers and fries.

thats great news...thanks
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Nescobar
CPC...it's a small mind after all
11:54 AM on 08/30/2013
You mean $9.44 million/ hour, because all 1,800,000 work every hour? Maybe explain how that works?
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11:56 AM on 08/30/2013
Your right...it's why I used $5/ per hour and not 8.
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JBDenver
I got my Nobel Peace Prize. Let's fight!
10:57 AM on 08/30/2013
Wasn't he one of the Underwear Gnomes in South Park?
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sagefeldemeyer
TP Mission: Destroying America!
11:57 AM on 08/30/2013
Weren't you one of the Mor--ons in Gnomes?
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JBDenver
I got my Nobel Peace Prize. Let's fight!
03:19 PM on 08/30/2013
Yep. Third one from the left.

But when we weren't filming I was able to combine studies in Economics with common sense rather than trying to make it with the Smurfettes who were filming on the other set.