A McDonald’s Employee Must Work One Million Hours

Posted in the Minneapolis Forum

AntiMelting

Miami, FL

#1 Dec 12, 2012
A McDonald’s Employee Must Work One Million Hours To Make As Much As The Company’s CEO

Fast food workers in New York City briefly walked off the job last month to protest the low wages endemic to their industry. Over the last several years, fast food companies — most prominently McDonald’s and Yum! Brands, which owns Kentucky Fried Chicken, Pizza Hut, and Taco Bell — have reaped huge profits while employing some of the largest numbers of low-wage workers in the country.

At the same time that they’re paying their workers bottom-of-the-barrel wages, these companies give huge salaries to their CEOs. Case in point, McDonald’s CEO made $8.75 million last year, while an average McDonald’s employee would need to work more than one million hours to amass such a sum, as Bloomberg News noted today:


The pay gap separating fast-food workers from their chief executive officers is growing at each of those companies. The disparity has doubled at McDonald’s Corp. in the last 10 years, according to data compiled by Bloomberg. At the same time, the company helped pay for lobbying against minimum-wage increases and sought to quash the kind of unionization efforts that erupted recently on the streets of Chicago and New York.[...]

[A McDonald's employee] would need about a million hours of work — or more than a century on the clock — to earn the $8.75 million that McDonald’s, based in the Chicago suburb of Oak Brook, paid then- CEO Jim Skinner last year.

About one in four Americans will be working in a low-wage job over the next decade. And low wages don’t just hurt workers: they hurt those workers’ children too, as a recent report from the Pew Research Center showed.

Meanwhile, chief executives at the 50 companies employing the largest number of low-wage workers made an average of $9.4 million last year. CEOs now make an average of 380 times as much as the average worker.
Fredo

Minneapolis, MN

#2 Dec 12, 2012
More reasons to get off your ass and move on up the ladder.
non-starter

Saint Paul, MN

#3 Dec 12, 2012
AntiMelting wrote:
A McDonald’s Employee Must Work One Million Hours To Make As Much As The Company’s CEO
Fast food workers in New York City briefly walked off the job last month to protest the low wages endemic to their industry. Over the last several years, fast food companies — most prominently McDonald’s and Yum! Brands, which owns Kentucky Fried Chicken, Pizza Hut, and Taco Bell — have reaped huge profits while employing some of the largest numbers of low-wage workers in the country.
At the same time that they’re paying their workers bottom-of-the-barrel wages, these companies give huge salaries to their CEOs. Case in point, McDonald’s CEO made $8.75 million last year, while an average McDonald’s employee would need to work more than one million hours to amass such a sum, as Bloomberg News noted today:
The pay gap separating fast-food workers from their chief executive officers is growing at each of those companies. The disparity has doubled at McDonald’s Corp. in the last 10 years, according to data compiled by Bloomberg. At the same time, the company helped pay for lobbying against minimum-wage increases and sought to quash the kind of unionization efforts that erupted recently on the streets of Chicago and New York.[...]
[A McDonald's employee] would need about a million hours of work — or more than a century on the clock — to earn the $8.75 million that McDonald’s, based in the Chicago suburb of Oak Brook, paid then- CEO Jim Skinner last year.
About one in four Americans will be working in a low-wage job over the next decade. And low wages don’t just hurt workers: they hurt those workers’ children too, as a recent report from the Pew Research Center showed.
Meanwhile, chief executives at the 50 companies employing the largest number of low-wage workers made an average of $9.4 million last year. CEOs now make an average of 380 times as much as the average worker.
There are approximately 500,000 McDonald's employees in the US. Dividing $8.5 million by 500,000, that is about $17 per employee, or a lot less than their union dues would be.
DSM Local

Ankeny, IA

#4 Dec 12, 2012
I wonder what the incentive to work hard and be productive is in the leftist mindset?
DSM Local

Ankeny, IA

#5 Dec 12, 2012
If someone with a G.E.D. can work the lower rung of the same career field and earn close to what one would make with a masters degree, why get the master degree?
DSM Local

Ankeny, IA

#6 Dec 12, 2012
How does one reward hard work on the left, a free abortion?
non-starter

Saint Paul, MN

#8 Dec 13, 2012
AntiMelting wrote:
A McDonald’s Employee Must Work One Million Hours To Make As Much As The Company’s CEO
Fast food workers in New York City briefly walked off the job last month to protest the low wages endemic to their industry. Over the last several years, fast food companies — most prominently McDonald’s and Yum! Brands, which owns Kentucky Fried Chicken, Pizza Hut, and Taco Bell — have reaped huge profits while employing some of the largest numbers of low-wage workers in the country.
At the same time that they’re paying their workers bottom-of-the-barrel wages, these companies give huge salaries to their CEOs. Case in point, McDonald’s CEO made $8.75 million last year, while an average McDonald’s employee would need to work more than one million hours to amass such a sum, as Bloomberg News noted today:
The pay gap separating fast-food workers from their chief executive officers is growing at each of those companies. The disparity has doubled at McDonald’s Corp. in the last 10 years, according to data compiled by Bloomberg. At the same time, the company helped pay for lobbying against minimum-wage increases and sought to quash the kind of unionization efforts that erupted recently on the streets of Chicago and New York.[...]
[A McDonald's employee] would need about a million hours of work — or more than a century on the clock — to earn the $8.75 million that McDonald’s, based in the Chicago suburb of Oak Brook, paid then- CEO Jim Skinner last year.
About one in four Americans will be working in a low-wage job over the next decade. And low wages don’t just hurt workers: they hurt those workers’ children too, as a recent report from the Pew Research Center showed.
Meanwhile, chief executives at the 50 companies employing the largest number of low-wage workers made an average of $9.4 million last year. CEOs now make an average of 380 times as much as the average worker.
Maybe those fast food employees should spend less time trying to unionize and more time trying to improve their skill set to get a better job.
Load of Crap

Saint Paul, MN

#9 Dec 13, 2012
Or maybe they should be spending MORE time unionizing to improve their wages, benefits and job security.
Amused Slew

Seattle, WA

#10 Dec 13, 2012
Maybe they like their jobs and want to share in the profits of their success...

Funny, you want a quality product, but don't want to pay...Are you cheap & stupid ???
non-starter

Saint Paul, MN

#11 Dec 13, 2012
Amused Slew wrote:
Maybe they like their jobs and want to share in the profits of their success...
Funny, you want a quality product, but don't want to pay...Are you cheap & stupid ???
Yeah, that Big Mac sure is a quality product, takes years to teach those guys to make one right. Those skills are in such high demand, how will they ever be able to find someone with the ability to hear a timer going off and flip a burger. Since a guy on an auto assembly line makes $100k pushing a button on a spot welder, that burger flipper is probably worth $150k, its a much hotter job, and takes multiple skills, instead of just pushing a button, they have to push buttons, flip burgers, dispense condiments, and show up for work.
Load of Crap

Saint Paul, MN

#12 Dec 13, 2012
All employees deserve to make a living wage and decent benefits.
non-starter

Saint Paul, MN

#13 Dec 13, 2012
Load of Crap wrote:
All employees deserve to make a living wage and decent benefits.
All employees deserve to get paid what the postion they apply for pays. You don't like it, get another job.

Since: Sep 11

Rogers, MN

#14 Dec 13, 2012
non-starter wrote:
<quoted text>Yeah, that Big Mac sure is a quality product, takes years to teach those guys to make one right. Those skills are in such high demand, how will they ever be able to find someone with the ability to hear a timer going off and flip a burger. Since a guy on an auto assembly line makes $100k pushing a button on a spot welder, that burger flipper is probably worth $150k, its a much hotter job, and takes multiple skills, instead of just pushing a button, they have to push buttons, flip burgers, dispense condiments, and show up for work.
It won't be an issue much longer. They will all be replaced by robots.
Goofy eyes it is

Minneapolis, MN

#15 Dec 13, 2012
Fight for a Union, get $1 more an hour and pay Union dues so a Union boss can make hundreds of thousands.

Or not even know where the dues are spent:

http://www.occupyseiu.com/mission_15.html

You don't need no MBA to make millions, a friend didn't graduate HS and simply worked hard and is a millionaire.

Suggest if you work at Mc Donalds and want to make what the CEO does then start your own burger shop. You will soon realize the work involved in being a CEO.

However, you might make it big and then your employees will want all your money because they do the hard work in your company.
Load of Crap

Saint Paul, MN

#17 Dec 13, 2012
Goofy eyes it is wrote:
Fight for a Union, get $1 more an hour and pay Union dues so a Union boss can make hundreds of thousands.
Or not even know where the dues are spent:
http://www.occupyseiu.com/mission_15.html
You don't need no MBA to make millions, a friend didn't graduate HS and simply worked hard and is a millionaire.
Suggest if you work at Mc Donalds and want to make what the CEO does then start your own burger shop. You will soon realize the work involved in being a CEO.
However, you might make it big and then your employees will want all your money because they do the hard work in your company.
You and Crassus are in a league by yourselves.
Goofy eyes it is

Minneapolis, MN

#19 Dec 13, 2012
Load of Crap wrote:
<quoted text>
You and Crassus are in a league by yourselves.
Thanks.

Rare compliment.
The Truth Squad

Rancho Mirage, CA

#20 Dec 13, 2012
I never thought being a McDonald's worker was to be a career lifetime job of Big Mac's, making $1 latte's and working over a deep fryer. One would hope it is part time for high school or college kids to earn some money or a retired person to make a couple of extra bucks.
Goofy eyes it is

Minneapolis, MN

#22 Dec 13, 2012
The Truth Squad wrote:
I never thought being a McDonald's worker was to be a career lifetime job of Big Mac's, making $1 latte's and working over a deep fryer. One would hope it is part time for high school or college kids to earn some money or a retired person to make a couple of extra bucks.
You are ignoring fast food employees in management and other well paying jobs needed to keep those burger joints functioning.

Example White Castle employees are well compensated, some retire living in nice lake homes.

Everyone in fast food are NOT low wage hourly employees.
The Truth Squad

Rancho Mirage, CA

#23 Dec 13, 2012
Goofy eyes it is wrote:
<quoted text>
You are ignoring fast food employees in management and other well paying jobs needed to keep those burger joints functioning.
Example White Castle employees are well compensated, some retire living in nice lake homes.
Everyone in fast food are NOT low wage hourly employees.
The genesis of this topic dealt with front line workers, not full time management type employees. And White Castle is the only fast food chain that is not franchised. To the best of my knowledge all other major fast food chains are franchised. So how about a Burger King franchise which has the lowest start up costs compared to other major fast food operations.
Start-up Cost:$50,000
Total Investment:$300,000 -$2.8 MM
Net worth requirement:$1.5M
Cash liquidity requirement:$500,000

Some of you union minions have no concept of why CEO's make and deserve the money they get, and that is why you will always have your union as a crutch unable to achieve financial success on your own.
Amused Slew

Minneapolis, MN

#24 Dec 14, 2012
The Truth Squad wrote:
<quoted text>
The genesis of this topic dealt with front line workers, not full time management type employees. And White Castle is the only fast food chain that is not franchised. To the best of my knowledge all other major fast food chains are franchised. So how about a Burger King franchise which has the lowest start up costs compared to other major fast food operations.
Start-up Cost:$50,000
Total Investment:$300,000 -$2.8 MM
Net worth requirement:$1.5M
Cash liquidity requirement:$500,000
Some of you union minions have no concept of why CEO's make and deserve the money they get, and that is why you will always have your union as a crutch unable to achieve financial success on your own.
Correct every fast food chain is different but all offer management jobs that can be worked in to.

A relative worked at Subway in Iowa and ended up owning a franchise.

Fast food sometimes gets a bad name when there are potential advancement opportunities even in fast food.

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