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Re: Ludicrous! 

By: keystone in FFFT | Recommend this post (3)
Fri, 23 Aug 13 6:12 AM | 54 view(s)
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Msg. 55414 of 65535
(This msg. is a reply to 55397 by joe-taylor)

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Good Evening Joe!

Good point.
This quote is absolute nonsense.

"McDonalds franchisees made only about 4.6 percent profit off of their sales at restaurants inside of the United States"

It infers something that as you state is simply not true.

The reality is that McDonalds is more profitable than it's franchisees.
And of course the profit margin does not include all benefits derived by franchisee holders.

With service industries becoming a greater percentage of American employment the issue is whether or not we are capable of making sure that American workers are earning a living wage.

It is simplistic nonsense to compare an American's wages to somebody flipping hamburgers in Beijing or Moscow under the Golden Arches.

A five dollar cup of coffee served to you at Starbucks by a kid earning $7.50 an hour is not capitalism running amuk. It is rape.

Henry Ford knew a hundred years ago that his workers should be able to afford the cars they were making.
Obviously somebody working in a soup kitchen is entitled to a bowl of soup.

If we accept impoverishment as a benefit of employment we make fools of American workers.

It makes me rage to contemplate communists and socialists pontificating on social justice.

Social justice for the American worker is supposed to come from our 435 Congressmen, and 100 Senators.



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The above is a reply to the following message:
Ludicrous!
By: joe-taylor
in FFFT
Thu, 22 Aug 13 3:12 PM
Msg. 55397 of 65535

On Morning Joe, this morning. The well known neoconservative Dan Senor cited the loss of wages since the start of the great recession as some sort of counter to Obamacare. Wages have been down about six percent from a median of around fifty five thousand to around fifty three thousand per household since 2007. We mostly recall that it was the policies of Senor and company under the Bush administration that brought most of this about. Senor also cited that the top one percent were doing fine as well as the top five percent but that an increase in the minimum wage would not help this situation at all, in reference to fast food workers going on strike for an increase of pay to fifteen dollars an hour. In a related clip, they showed a former CEO of McDonalds USA stating that McDonalds franchisees made only about 4.6 percent profit off of their sales at restaurants inside of the United States. From what we have paid for food at McDonalds, the profit ratio has to be much higher than that. We have heard that some local McDonalds francisees have made as much as a million dollars per location per year.


Regards,


Joe


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