Thank god we didnt raise minimum wage, otheriwse the price of big macs would have sky rocketed!!!!
Chipotle posted a few years back that raising the minimum wage to $15 (more than double current minimum wage) would increase the price of a burrito by about 30 cents.
I think the idea that minimum wage hikes contributed to this is silly given that they’ve mostly eliminated cashier positions. Everything is a kiosk now. Also, McDonald’s workers in Europe make a decent wage, have sick and vacation time, and other decent benefits and the prices there are lower than in the US.
I live in Denmark, Europe. One Bic Mac meal is 9.39 USD incl taxes.
The minimum salary in McDonals is around 3500 USD per month for a standard 37 hr/week, including pension.
This is every month, not affected by holidays, sick leave, paid vacation... It comes with 5 or 6 weeks of paid vacation per year, and virtually unlimited sick leave.
Yeah, I also don't understand why McDonald's says they can't raise salaries or improve working conditions, because it will make the price go up. So why is it expensive now?
(Yes, taxes are high here. But we also have a lot of stuff that is tax paid, that evens it out somewhat.)
Yeah, I also don't understand why McDonald's says they can't raise salaries or improve working conditions, because it will make the price go up.
They say that because Americans are dumb enough to believe it and not get mad at McDonald's for price gouging. A LOT of companies over here have been doing the same thing lately.
Thank god we didnt raise minimum wage, otheriwse the price of big macs would have sky rocketed!!!!
Chipotle posted a few years back that raising the minimum wage to $15 (more than double current minimum wage) would increase the price of a burrito by about 30 cents.
I think the idea that minimum wage hikes contributed to this is silly given that they’ve mostly eliminated cashier positions. Everything is a kiosk now. Also, McDonald’s workers in Europe make a decent wage, have sick and vacation time, and other decent benefits and the prices there are lower than in the US.
I live in Denmark, Europe. One Bic Mac meal is 9.39 USD incl taxes.
The minimum salary in McDonals is around 3500 USD per month for a standard 37 hr/week, including pension.
This is every month, not affected by holidays, sick leave, paid vacation... It comes with 5 or 6 weeks of paid vacation per year, and virtually unlimited sick leave.
Yeah, I also don't understand why McDonald's says they can't raise salaries or improve working conditions, because it will make the price go up. So why is it expensive now?
(Yes, taxes are high here. But we also have a lot of stuff that is tax paid, that evens it out somewhat.)
They say that because Americans are dumb enough to believe it and not get mad at McDonald's for price gouging. A LOT of companies over here have been doing the same thing lately.
This is the answer.