Wednesday, July 31, 2013

That's Why He Gets Paid the Big Bucks

Neal Boortz:
So … what has me so exercised this time? Yesterday it was a woman with a baby demanding that McDonald’s pay her not what she was actually worth to her employer, but what she believes she needs to properly raise her spawn … a child she cannot afford.
The world would be an awful place if you could raise a child in it.
This time it’s the learned opinion of the UK undergrad who believes that McDonald’s can double the income of every employee – including the CEO – by raising the price of the Big Mac from $3.99 to $4.67. Yup! You got it! Just increase all prices of McDonald’s products by 17% across the board and you can double everyone’s salary!
There follows an amusing list of nine perfectly logical consequences, including:
3. Workers at other fast food companies quickly abandon their jobs to travel across town so they can work for twice the bucks at McDonald’s!
Why that would be terrible, and it would be awfully nice of McDonald's to instantly open enough outlets to take in those workers, and nobody else needs jobs at those other places anyway.


Mandos said...

He apparently named his book "Maybe I should just shut up and go away."

ifthethunderdontgetya™³²®© said...

Lot of brilliant economic minds in the comments.

Chris from Kalifornia Wrote: 3 hours ago (4:15 AM)

The first time I bought a big mac and fries with a soda it cost less than a dollar out the door. Minimum wage at the time was about $1.25. Gas was 20 cents a gallon. A brand new car cost about $2500. A house could easily be bought in California for upwards of $8000. That's in Southern California no less.

Since then they've raised the minimum wage a lot and what has it gotten anyone except more unemployment and across the board higher prices just as Neal says.

So there you go.

Hamish Mack said...

The USA has gone down the toilet ever since they took the lead out of the petrol.