Thursday, August 29, 2013

billion dollar Big Mac

  • 1,700,000 McDonalds employees worldwide
  • 800,000 McDonalds employees in the US
  • $7.50 minimum wage
  • $15.00 desired wage
  • 550,000,000 Big Macs sold per year
thanks for image

if we raised the wages of all US McDonalds employees (because we don't care about international employees) to their desired demanded wage of $15.00 per hour, what would we have to raise the price of the Big Mac to cover those costs?

let's do the math (FUN!)

800,000 x ($15.00 - $7.50) = an additional $6,000,000 to employ all McDonalds employees for one hour.

but they don't all work at the same time... let's assume there are many more part-time workers than full time... and let's estimate each worker works and average of only 20 hours during any given week... we'll estimate low, just y'know, because we don't want to be unrealistic.

$6,000,000 x 20 = an additional $120,000,000 to pay for one week of all McDonalds employees.

there are 52 weeks in a year... usually.

$120,000,000 x 52 = an additional $6,240,000,000 to pay the additional wages of all McDonalds employees for one full year.

that's 6.24 Billion additional dollars... that has to come from somewhere... like raising the price of Big Macs.

$6,240,000,000 / 550,000,000 = an additional $11.35 per Big Mac.

what are they now, like $2.99?... so a Big Mac would cost $14.34 plus tax... no fries... no shake.

i know... McDonalds would raise the price of everything in small amounts, not just one item... but you're obviously already missing the main point here... of course, if you've read this far, you're probably smarter then the average fast-food worker, so maybe you do see the problem.

$6.24 billion dollars has to come from somewhere... it doesn't just magically fall from the sky or spout from the mouth of a geyser... it comes from consumers... it comes from average working-class citizens like you and me... maybe not even you, because you probably wouldn't deign to enter such a bastion of capitalism like McDonalds, so maybe it's just coming from me... and people like me.

the "rich" don't pay for Big Macs... it's the working poor... it's the same people who work at places like McDonalds who then shop and eat at places like McDonalds... it's us... we have to come up with $6.24 billion dollars.

and if you are still arguing for higher wages, you are too stupid to be worth paying more than minimum wage... like the Ouroboros, you think you're getting fed by eating your own tail.

and i bet you wonder what the head tastes like.