“The two baby belly, please!”

Since: Sep 09

Evanston IL

#90515 Aug 29, 2013
I think the fast-food workers believe that if their CEO is making 400 times what they are making, the company *can* afford to pay the front-line workers more and not have to raise prices.

Since: Jan 10

Location hidden

#90516 Aug 29, 2013
squishymama wrote:
I think the fast-food workers believe that if their CEO is making 400 times what they are making, the company *can* afford to pay the front-line workers more and not have to raise prices.
I'll agree with that.

Since: Aug 08

Location hidden

#90517 Aug 29, 2013
squishymama wrote:
I think the fast-food workers believe that if their CEO is making 400 times what they are making, the company *can* afford to pay the front-line workers more and not have to raise prices.
Well if that's what they think, that probably explains why they work at f'ing Mcdonalds.

Mcdonalds CEO has an annual compensation of 13.8 million dollars

McDonalds employes 1.7 million people.

Let's say they pay the CEO nothing, and use all that cost savings to give the the other 1.7 million workers each an annual raise (not to be confused with an hourly raised). That works out to an annual raise of of 8 dollars and 11 cents. Assuming they work on average 25 hours every week of the year, that works out to that is an hourly raise of about a little more than half a penny an hour!!!

Now is this REALLY all about a half a penny an hour raise?

But, hey, let's go full bore commie on McDonalds and let's not just stop with the CEO. After the CEO, ket's also say they pay the next 100 most highly paid folks at Mcdonalds $0.00 annually and lets assume, but for receiving no compensation, they each would have averaged a million a year in compensation, for a grand total of $100 million. If we use that $100 million to give the other 1.7 million workers a raise, that works out to an hourly raise of about 4 cents an hour.

Since: Jun 09

Saint Petersburg, FL

#90518 Aug 29, 2013
Sublime1 wrote:
<quoted text>
Yeah, that's what they are asking for ... they call it social justice. I've been debating others elsewhere and when I pointed that out, they said, well they need to pay nurses more then.
I'm trying to explain that if you give everyone a 200% raise, that just means the cost of labor attributed to whatever good or service they provide will go up by a proportionate amount and we have this thing called inflation. Do that across teh economy and no one gets ahead.
If I get a 20k raise this year, but I end up paying 20k more for all the goods and services I purchase over the course of a year, because the cost of labor has gone up 20k for all those goods and services, I haven't really gotten a raise.
The only way for you to come out as a winner on such a scheme is for you and folks in your profession to get the 200% raise and for no one else or very limited other folks in other professions to get that raise.
In such a situation, while the person getting the raise might be better off, everyone else who doesn't get that 200% raise is worse off, because they will have to pay more when they buy whatever goods or services made or provided by the folks who actually received the 200% raise! Also, if a lot of folks decide that these goods and services now cost too much and no longer purchase them because the cost has gone up because the labor cost has gone up, you could wind up out of a job rather than with a 200% raise.
Excellent points!

Since: Jun 09

Saint Petersburg, FL

#90519 Aug 29, 2013
squishymama wrote:
I think the fast-food workers believe that if their CEO is making 400 times what they are making, the company *can* afford to pay the front-line workers more and not have to raise prices.
That's quite a bit more, though. And presumably, the CEO has a lot more responsibility a lot more experience, a lot more education, etc.

“...,to wit”

Since: Jun 09

Location hidden

#90520 Aug 29, 2013
Mimi Seattle wrote:
<quoted text>
How old is she? If she's under 26 she would be able to be on your policy no? Besides she would be able to have medical coverage with the ACA in January so she only has to deal with an independent policy/student insurance until then I think.
I was looking (not intently, just skimming really) over the WA ACA Exchange page last night just trying to get a feel for what's supposed to happen. I think it's going to be great for a lot of people who really can't afford to pay premiums, even if they're doing it now even though they can't really afford them; it will give them some financial relief. I don't think it's going to affect me at all because of my HMO, but I think it will be a good thing for a lot of people.
She turns 24 in 2 weeks. It would cost her $425/month for COBRA and $450 to be on my policy. Is ACA the group medical through the college? If so, she was on that for a while as an undergrad. I can't remember the premium but the coverage wa awful. There was no drug coverage ( she ha an inhaler) and no b/c coverage. Bills had to be paid by the patient who was eventually reimbursed by teh carrier which was very very slow.

We didn't look to see if there was an insurance exchange set up for PA yet. She is keeping her residency in MD because she is hoping for in-state consideration in med school applications; I don't know if that means she can access an MD insurance exchange. Lots of medical insurance things are on hold until the Oct 1 ACA exchanges kick in. I know something about all this and it is confusing as all get out.

Since: Jan 10

Location hidden

#90521 Aug 29, 2013
Stina2 wrote:
<quoted text>
That's quite a bit more, though. And presumably, the CEO has a lot more responsibility a lot more experience, a lot more education, etc.
Not to the degree that he needs to makemillions, plus more in bonuses even when his company isn't doing well financially. THe U.S. has the biggest wage gap in the world. We have the biggest wage gap between nurses and doctors as well.

“...,to wit”

Since: Jun 09

Location hidden

#90522 Aug 29, 2013
RedheadwGlasses wrote:
I am so GD sick of those "ads by zinc" that are popping up on the left side of the screen and only go away if I click the red X.
I wonder what they think they sell by putting something there which is met with irritation and the desire to make it go away. Does anyone really sign up for whatever because they saw the product name 27 times in the margin?
Crunchy Bacon

La Grange, IL

#90523 Aug 29, 2013
Sublime1 wrote:
<quoted text>
Yeah, that's what they are asking for ... they call it social justice. I've been debating others elsewhere and when I pointed that out, they said, well they need to pay nurses more then.
I'm trying to explain that if you give everyone a 200% raise, that just means the cost of labor attributed to whatever good or service they provide will go up by a proportionate amount and we have this thing called inflation. Do that across teh economy and no one gets ahead.
If I get a 20k raise this year, but I end up paying 20k more for all the goods and services I purchase over the course of a year, because the cost of labor has gone up 20k for all those goods and services, I haven't really gotten a raise.
The only way for you to come out as a winner on such a scheme is for you and folks in your profession to get the 200% raise and for no one else or very limited other folks in other professions to get that raise.
In such a situation, while the person getting the raise might be better off, everyone else who doesn't get that 200% raise is worse off, because they will have to pay more when they buy whatever goods or services made or provided by the folks who actually received the 200% raise! Also, if a lot of folks decide that these goods and services now cost too much and no longer purchase them because the cost has gone up because the labor cost has gone up, you could wind up out of a job rather than with a 200% raise.
You know I'm with you on all the republican stuff but, bruh, you just described CEO's and multi million $$$$ bonuses. I back you on everything else but that is just stoopid to point out around all these liberals! THINK!

Since: Jan 10

Location hidden

#90524 Aug 29, 2013
PEllen wrote:
<quoted text>
She turns 24 in 2 weeks. It would cost her $425/month for COBRA and $450 to be on my policy. Is ACA the group medical through the college? If so, she was on that for a while as an undergrad. I can't remember the premium but the coverage wa awful. There was no drug coverage ( she ha an inhaler) and no b/c coverage. Bills had to be paid by the patient who was eventually reimbursed by teh carrier which was very very slow.
We didn't look to see if there was an insurance exchange set up for PA yet. She is keeping her residency in MD because she is hoping for in-state consideration in med school applications; I don't know if that means she can access an MD insurance exchange. Lots of medical insurance things are on hold until the Oct 1 ACA exchanges kick in. I know something about all this and it is confusing as all get out.
When I was dating someone in grad school, he was able to get onto the school's health insurance program.

Since: Jan 10

Location hidden

#90525 Aug 29, 2013
Wow, whiel I"m all for harsh penalties for people who text while drive then get involved in a crash, NJ wants to go after the person who SENT the text to the driver?

http://www.twincities.com/breakingnews/ci_239...

“The two baby belly, please!”

Since: Sep 09

Evanston IL

#90526 Aug 29, 2013
Sublime1 wrote:
<quoted text>
Well if that's what they think, that probably explains why they work at f'ing Mcdonalds.
Mcdonalds CEO has an annual compensation of 13.8 million dollars
McDonalds employes 1.7 million people.
Let's say they pay the CEO nothing, and use all that cost savings to give the the other 1.7 million workers each an annual raise (not to be confused with an hourly raised). That works out to an annual raise of of 8 dollars and 11 cents. Assuming they work on average 25 hours every week of the year, that works out to that is an hourly raise of about a little more than half a penny an hour!!!
Now is this REALLY all about a half a penny an hour raise?
But, hey, let's go full bore commie on McDonalds and let's not just stop with the CEO. After the CEO, ket's also say they pay the next 100 most highly paid folks at Mcdonalds $0.00 annually and lets assume, but for receiving no compensation, they each would have averaged a million a year in compensation, for a grand total of $100 million. If we use that $100 million to give the other 1.7 million workers a raise, that works out to an hourly raise of about 4 cents an hour.
We have a huge pay gap between the C-level folks and the grunts in this country; I'm just suggesting that something could be done about that even if all it produces is good will.

I know, I know, I don't know anything and I'm just a stoopid liberal.

Since: Aug 08

Location hidden

#90527 Aug 29, 2013
RedheadwGlasses wrote:
<quoted text>
Not to the degree that he needs to makemillions, plus more in bonuses even when his company isn't doing well financially. THe U.S. has the biggest wage gap in the world. We have the biggest wage gap between nurses and doctors as well.
That is his total compensation, as in total, as in it doesn't exclude bonuses:

http://insiders.morningstar.com/trading/execu...

Actually the Chairman of the Board makes way more than the CEO.
Holy crap!

I completely agree with you and the Ferret, that these folks are grossly over-compensated.

As my example points out, tho, even if you paid them less and redistributed their income amongst all the other workers, since there is such a large pool of workers, you are only talking a few pennies an hour more in wages for these people. Given this, what's the point in whining about it. It doesn't make folks lives better.

Also, the average McDonalds franchise makes around 150k in profit after taxes and all expenses:

http://www.burgerbusiness.com/...

I don't think that is a ridiculous sum given the cost of a franchise and the responsibility of being an owner.

Since: Aug 08

Location hidden

#90528 Aug 29, 2013
squishymama wrote:
<quoted text>
We have a huge pay gap between the C-level folks and the grunts in this country; I'm just suggesting that something could be done about that even if all it produces is good will.
I know, I know, I don't know anything and I'm just a stoopid liberal.
Translation: I'm suggesting a feel good measure that will do ABSOLUTELY nothing to make these people's lives better and only sounds like a reasonable solution to income disparities until you actually look at it intelligently and thoughtfully.

Since: Aug 08

Location hidden

#90529 Aug 29, 2013
Stina2 wrote:
<quoted text>
Excellent points!
Thanks!

“It made sense at the time....”

Since: May 09

Schaumburg, IL

#90530 Aug 29, 2013
RedheadwGlasses wrote:
<quoted text>
When I was dating someone in grad school, he was able to get onto the school's health insurance program.
There might be some coveraeg available through the school, at least for catastrophic stuff. may or may not cover the day-to-day needs as well, but might keep yuo out of the poor house if she gets into a car accident, for example. i can try to nose around with my industry contacts for more insight...

“The two baby belly, please!”

Since: Sep 09

Evanston IL

#90531 Aug 29, 2013
Sublime1 wrote:
<quoted text>
Translation: I'm suggesting a feel good measure that will do ABSOLUTELY nothing to make these people's lives better and only sounds like a reasonable solution to income disparities until you actually look at it intelligently and thoughtfully.
Yes.

But I don't think that it will do absolutely nothing. I don't have the time nor the inclination to look up all the salaries and bonuses and dividends paid out by the fast food chains, but I'm guessing that all adds up to A LOT of money. And even if that ends up being a 50 cent/hour wage increase, that adds up over time and gives the employee a sense that the company actually cares about them. People don't really like being treated like slaves, yanno.

“What's it to ya?”

Since: Mar 09

Location hidden

#90532 Aug 29, 2013
PEllen wrote:
<quoted text>
She turns 24 in 2 weeks. It would cost her $425/month for COBRA and $450 to be on my policy. Is ACA the group medical through the college? If so, she was on that for a while as an undergrad. I can't remember the premium but the coverage wa awful. There was no drug coverage ( she ha an inhaler) and no b/c coverage. Bills had to be paid by the patient who was eventually reimbursed by teh carrier which was very very slow.
We didn't look to see if there was an insurance exchange set up for PA yet. She is keeping her residency in MD because she is hoping for in-state consideration in med school applications; I don't know if that means she can access an MD insurance exchange. Lots of medical insurance things are on hold until the Oct 1 ACA exchanges kick in. I know something about all this and it is confusing as all get out.
I don't really understand how it all works. The exchanges (ACA) should give her choices at an affordable rate, maybe even fully subsidized, at least that's how I was reading it, depending on her yearly income. And, yeas student insurance blows. Only barely better than nothing and to he honest nothing might be better in some circumstances. I don't understand why she has to pay for COBRA to stay on your policy though.

Whenever that went into effect, Chris who was 21 and had just been dropped got a letter from the HMO (I got one too) saying that because of the new law he was reinstated and it cost neither of us anything more than it always had because it wasn't COBRA, it was just as if he's never not had it.

As for paying to be on your policy I thought that's kinda what changing it to the age 26 thing was about...keeping young people covered without costing anyone an arm and a leg. You shouldn't be paying anymore than you already were while she was on the policy before she aged out...at least that's how I understood it and how my experience with it went.

I would think that her residence would decide which exchange she wold use. If she's officially a MD resident then I would think it would go through MD. I guess it will be transferable if someone moves? Will someone moving to another state have to go to the new state exchange and start from square one?

Since: Aug 08

Location hidden

#90533 Aug 29, 2013
squishymama wrote:
<quoted text>
I'm guessing
YEs, that's exactly the problem ... you are guessing ... shooting from the hip ... stabbing in the dark. That's precisely the problem ... you aren't informed and have no clue what you are talking about. It's called a knee jerk ... ask the Chinese how that worked out when Mao did that?

Case in point, most fast food restaurants are franchises ... they aren't owned by the head corporation, but rather individuals. Therefore there are no dividends or shareholders. Rather there are individuals who shelled out a million dollars of their own money to buy a franchise that they run as an owner ... to make on average 150k a year.
Crunchy Bacon

La Grange, IL

#90534 Aug 29, 2013
Sublime1 wrote:
<quoted text>
YEs, that's exactly the problem ... you are guessing ... shooting from the hip ... stabbing in the dark. That's precisely the problem ... you aren't informed and have no clue what you are talking about. It's called a knee jerk ... ask the Chinese how that worked out when Mao did that?
Case in point, most fast food restaurants are franchises ... they aren't owned by the head corporation, but rather individuals. Therefore there are no dividends or shareholders. Rather there are individuals who shelled out a million dollars of their own money to buy a franchise that they run as an owner ... to make on average 150k a year.
OK now thats not helping either. You make the franchisees look pretty dumb for spending so much to make so little. Step up bruh or get to stepping!

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