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Minimum wage debate rages on

  • "Can't survive on $7.35," reads picket signs at demonstrations at McDonald's (MCD -0.1%) and Wendy's (WEN -1.1%) in select locations. The organized strike is getting plenty of media exposure but shouldn't dent sales for the two companies due its short 24-hour time span and limited reach.
  • Though McDonald's seems to be the poster child for debate on the level of minimum wages, employees of Dollar Tree (DLTR), Victoria's Secret (LTD), and Macy's (M) are also making some noise.
Comments (23)
  • Energysystems
    , contributor
    Comments (952) | Send Message
     
    "Get a skill that'll pay the bills"
    29 Jul 2013, 02:34 PM Reply Like
  • Jake2992
    , contributor
    Comments (827) | Send Message
     
    Doesn't really matter what skills you have. There are people with masters degrees working at Taco Bell. Thank the Bush Recession for the lack of jobs.

     

    Frankly I am sick of these companies refusing to pay a living wage, then they turn around and tell their workers to just get food stamps. In other words, I am having to subsidize investors of McDonald's because their management refuses to pay a living wage.
    29 Jul 2013, 06:16 PM Reply Like
  • jrepasch
    , contributor
    Comments (784) | Send Message
     
    So what do you consider a living wage, Jake? Here in the DC area I'd guess it's about $20.00 an hour. Should the minimum wage be increased I'd wager eateries, etc. would be charging much more for their food/etc.

     

    Just a thought.

     

    joni
    29 Jul 2013, 09:40 PM Reply Like
  • financeminister
    , contributor
    Comments (622) | Send Message
     
    If you are so sick of these companies, don't work for them and start your own company and give a living wage to your employees. Lets see how eager you will be with then.

     

    And what's that? You don't like the food stamp program where tax payers like you subsidize? So you are against food stamps when it's your money, huh? Here is a suggestion: restrict it to those who strictly need it. Food stamps should be meant for only those who need it it. I'm sure those who can afford smoking, alcohol, drugs, steaks and other high end food products can get around without tax payer subsidized food stamps. Its this dependency/entitlement culture that is driving people economically backward instead of actually getting them out.

     

    Teach a person to fish....
    29 Jul 2013, 09:57 PM Reply Like
  • Energysystems
    , contributor
    Comments (952) | Send Message
     
    Blaming others is your problem, look in the mirror for once in your life.
    30 Jul 2013, 08:14 AM Reply Like
  • Lint
    , contributor
    Comments (391) | Send Message
     
    There is so much *face-palm* in this story that it's difficult to figure out where to begin...

     

    As a nation, we truly get what we deserve.
    29 Jul 2013, 02:36 PM Reply Like
  • financeminister
    , contributor
    Comments (622) | Send Message
     
    This isn't communist USSR - no one is forcing these guys to work at these companies. They are free to get a job somewhere else or start their own business. It's this sense of entitlement that will ruin work ethic.
    29 Jul 2013, 02:49 PM Reply Like
  • tampabay
    , contributor
    Comments (274) | Send Message
     
    I worked for min. wages in High School (and was glad to get it) its been up ever since....so the story is?
    29 Jul 2013, 02:54 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    I did too. Worked for my dad every summer at min wage and I too was glad to have a job....Based on the service I've gotten at Wendy's yesterday and last Tuesday the workers are way OVERpaid....They would rather talk and bull jive they serve their customers in a timely and courteous manner
    29 Jul 2013, 02:59 PM Reply Like
  • financeminister
    , contributor
    Comments (622) | Send Message
     
    It's the dumbing down of the generation that will destroy the work ethic in this country. These guys think they "deserve" higher pay... life doesn't entitle you to anything except sweat. It's your job to work hard and get another job and make the best use of every oppertunity you get. Nothing in life is free and you need to invest in yourself.... investing in yourself means that you need to take risk and make that initial sacrifice for future gains.

     

    I was unemployed for eight months after graduating and walked street to street with my resume handing it over at the lobby of companies I thought could use my skills. I even saw security guards toss my resume into the dustbin when I was leaving the building. Eventually I got an offer and this company offered me no salary (0, zero, ZERO) but I took the job because I saw it as an oppertunity to get experience and a break in the industry. I wanted to prove myself to these guysd. I worked for no salary for three months and when they saw that I was getting things done, they offered stipend that barely paid my rent. I really worked hard slogging it out. Sometimes even sleeping in the office. I kept learning and taking additional responsibilities. After six months, I became an employee. Finally I became a valuable asset to the company and moved up the chain. I'm now working in the United States because the company recommended me to their US head quarters.

     

    I stared with nothing. I slept on the floor sometimes. Today I earn a salary that puts me in the top 75% in the US. I'm not a genious. I'm not a rocket scientist. I don't *deserve* it. I was below average in school. But perseverance and being focussed will take you a long way. These guys think they have it bad with their minimum wages? They should go to a third world country and see how good they have it. There are many third worlders who will be glad to take their jobs at minimum wage and still have enough to send back home.

     

    This is America! Hardwork will take you anywhere - it made my uncle who came here as a dishwasher into a CFO, my other relatives who worked in factories to eventually own their own home debt free, send their kids to college and married off, my father-in-law came to this country with 8 dollars in his pocket and he retired last year after being the head of the radiology department at a cancer hostital and then myself - who started with nothing to end up in the top 75%.

     

    DON'T TELL ME YOU CAN'T MAKE IT BIG IN AMERICA WHEN YOU WORK HARD.

     

    And oh, I'm not white.
    29 Jul 2013, 03:24 PM Reply Like
  • smoran26
    , contributor
    Comments (11) | Send Message
     
    Since when is asking for a raise an 'entitlement'? So if I ask my boss for a raise due to doing a more productive job it's welfare? These workers aren't petitioning the government, they are exercising their rights to demand better wages for work performed. Facts are McDonalds has grown profits greatly on the bedrock of INCREASED worker productivity. These workers DESERVE a higher wage because they have earned it. This isn't a handout. I suggest you look at MCD financial statements from 2007 and then from this year. You will see dramatic increase in profit and productivity. ALL involved with the company should share those profits (workers, shareholders, executives and customers).
    29 Jul 2013, 03:32 PM Reply Like
  • Energysystems
    , contributor
    Comments (952) | Send Message
     
    They can "demand" all they want. Fact is, they have a job that isn't a skilled position. If a pimple faced 15 year old can replace you, you don't deserve a raise.
    29 Jul 2013, 03:49 PM Reply Like
  • financeminister
    , contributor
    Comments (622) | Send Message
     
    You can ask for a raise all you want whether you are productive or not but it's a totally different matter when you get the government to force businesses to raise their wages - that's called entitlement. If you don't like the job you have, you are free to look for another job or start your own business. I also asked for a raise in my previous company every year for two years. I got the message and brushed up my skills, studied and started looking. I changed jobs with a 20% raise. If some government mandate came forcing my employer to give me a 10% raise, I wouldn't have brushed up my skills, studied more and become more productive to reach my full potential and get the salary I felt the market valued at. Now my previous employer learned the lesson too and they'll be cautious with whoever filled my shoes.

     

    Business owners should be able to decide salaries just like they decide every other aspect of the business. It doesn't matter how much profit a company makes at the end of the day, the business owners should decide because they are the biggest stakeholders. In that case we should get government to mandate that shareholders should get higher dividends from all the stocks they own too.

     

    You say that business should share profits with everyone including workers...how about losses?

     

    Workers are free to sign an employment contract which includes salary and other details and they are free not to sign. It's called an agreement. If you don't like the terms and conditions of an agreement, then you should find another job and ignore it. It's as simple as that.
    29 Jul 2013, 04:09 PM Reply Like
  • Energysystems
    , contributor
    Comments (952) | Send Message
     
    Great response, finance. Very eloquent I might add.
    29 Jul 2013, 06:05 PM Reply Like
  • williestyle5
    , contributor
    Comments (2) | Send Message
     
    This is a joke right?
    30 Jul 2013, 12:36 AM Reply Like
  • smoran26
    , contributor
    Comments (11) | Send Message
     
    Workers DO share in losses by getting fired/laid off or hours cut. If the MCD they work for struggles, they suffer. If that store succeeds they get nothing extra. Also, if companies never give raises, then workers are getting LESS each year. Inflation raises aren't profit sharing. They are simply necessary to survive. Min wage can't stay stagnant.

     

    Also, you might have heard of stock options. They are a great way to reward success and also have employees ONLY get paid if company does well. A company like MCD or WMT could easily give micro shares of stocks to its employees to add to base min wage compensation.
    31 Jul 2013, 04:50 PM Reply Like
  • Matthew Brown
    , contributor
    Comments (502) | Send Message
     
    If they want to get paid more then they should get a different job. The free market determines worth, not the government

     

    The sense of entitlement permeating our society will be the downfall of us all.
    29 Jul 2013, 04:42 PM Reply Like
  • ziggysdad
    , contributor
    Comments (35) | Send Message
     
    I was in sales for over 20 years, as a commission salesperson. I made several people who owned the companies tons of money as I signed long term contracts with Boeing, Graham Packaging and others. I was to get 3% commission over 4 to 5 years from all locations sold to in the USA. Never happened ! Each time I was laid off within 6 months. They took my accounts and put them in their pocket. I do not think doubling the min. wage is right but something has to be done with a $7.35 min. wage you can't drive your car to work for that.
    29 Jul 2013, 04:43 PM Reply Like
  • Olsjoy
    , contributor
    Comments (7) | Send Message
     
    There's always the bus or shank's ponies.
    29 Jul 2013, 05:59 PM Reply Like
  • ralph111
    , contributor
    Comments (128) | Send Message
     
    you reap what you sew its works for both employers and employees unfortunately the entitlement programs and dumb govt programs that allow snot nosed kids to get subsidized housing and foodstamps right out of high school is the catalyst for the gimme more attitude. I would love to work for minimum wage but cant I am paralyzed. I dont get food stamps nor subsidized housing. The problems and wrong attitudes that have developed over the course of several decades comes from the top down on the national level. Our leaders have continuously succumbed to special interest groups with anti-christian agendas-no wonder the work ethic for many is nonexistant-they are ignorant of what it means to do a job right and really put their heart and soul into work and build good moral character!
    29 Jul 2013, 09:23 PM Reply Like
  • b0a4pkd
    , contributor
    Comments (28) | Send Message
     
    Further proof of how little intelligence today's youth have. Mcdonald's is already losing market share. The country is beginning to eat better. Soda consumption has been trending lower for 10 years. Mcdonald's is no longer a growth story. They will start a slow process of being less important here in the u.s. Panera Bread, Chipolte, Quick Check, Wawa and others are taking share from Mcdonald's. There was a time when Mcdonald's was on top of the world. If your company had topped out and started to become less significant, would that be the time to ask for a 100% raise? This is an entry level job. If they get a 100% raise then what do doctors get? Lawyers and judges then. Police officers? This type of job is not intended to make you an independent person. You are supposed to work your way up. Remember when people used to exalt that term? The trajectory of this country continues to slope downward. Does none see the correlation between entitlement and effort. The more the one raises the other lowers. It is a divergent relationship. How can we continue to raise the floor and not be stupefied at how many people make the floor their home? A once "reach for the stars" country has converted to reach for the subsidy, stamps, or "D" on the voting bar. These things all have the same effect on our country. Dependency breeds subsidy which breeds stupidity which breeds higher cost of living for all. We may be beyond the point where we can revert back to a nation that beckons independence. The first two letters of that word are being hacked off as those in this country who scream equality wish to decimate prosperity and opportunity for the sake of fairness. What could be more fair then everyone ascending thru effort and discontinue the elevation of dependence?
    30 Jul 2013, 01:56 AM Reply Like
  • inventpeace
    , contributor
    Comments (11) | Send Message
     
    The REAL problem is the funneling of YOUR money thru illegal energy price fixing to the super rich of the world (only 1 of the 25 richest persons live in the USA).. they want the USA on our knees economically, sad that TRAITORS get away with murder really while good people suffer immensely and even die because they can't afford medical care. IE in the state of florida 20,000 persons have died in last 5 years because they couldn't afford to live. VERY SAD state of Affairs !
    30 Jul 2013, 04:56 PM Reply Like
  • tampabay
    , contributor
    Comments (274) | Send Message
     
    I think someone who cooks French fries or cleans tables should get $15 an hour,but then I can't figure my plumber,account or Doctors pay scale....Maybe MCD employees could help me?
    1 Aug 2013, 10:21 AM Reply Like
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