McDonald's responds to $15 minimum wage edict

Mntneer

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Yeah, because pleasing radicals is a great way to win a general election, which encompasses the entire electorate. As we all know, as go the radicals so goes the nation.

Raising the minimum wage a populist move. It's intended to appease the masses and garner votes. It's like saying, "I'm for the children"..... well no ****.
 

mneilmont

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Neil - I don't have much of anything to say about your question. In my opinion and some of my opinion on this subject is from a professional pov, one cannot answer that question with just one response. There are so many other factors in the various industries of the US economy that one with any knowledge could nitpik any answer and give a legitimate rationalization of an counter-point.

On the question on what restaurant and retail industries (I will only discuss these industries) will do with the increased labor cost due to the rise of the minimum wage, there are many ways an organization can counter the effect. It is usually a multi-pronged solution from the best organizations (which I have been privileged to be with a couple in similar circumstances) but one of the prongs is almost always a rise in the cost passed onto the consumer. Again, a very complex financial situation in which there are many different perspectives and a smart financial professional would be careful in not only the approach to the solution but also how one speaks about it.
Bru, are you sure you are not a politician visiting us incognito? That was about as good a PC dancing around the issue without saying anything useful/pertaining to the issues. I thought it was answered masterfully and expected nothing less. There is simply no answer to what is correct. The striking for $15 minimum attracts a crowd, but in most industries and geographical locations it would be disruptive to employment and the industry. And, you eventually said so in a later post.

You are still very interesting to talk to and discuss issues when you do not have your horns coming out. There a few who take a swing at your every post, and I don't take issue with your response to them. You often give useful advice and I would appreciate it if you would listen to your words of wit at times. Thanks for response.
 

mneilmont

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Yeah, because pleasing radicals is a great way to win a general election, which encompasses the entire electorate. As we all know, as go the radicals so goes the nation.
That definitely has a proven history over the past two Generals, but I would not see it continuing into the future with the results of past 7 years.
 

op2

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Mar 16, 2014
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Raising the minimum wage a populist move. It's intended to appease the masses and garner votes. It's like saying, "I'm for the children"..... well no ****.

There is some politics in all policies no doubt but the people whose wages are raised by increasing the minimum wage to $15 are mostly going to vote Democrat regardless.

While I don't doubt you'll hear some Democrat politicians come out in favor of an increased minimum wage, I'll doubt you'll hear any Democrat POTUS candidates, with the possible exception of Bernie Sanders who has no chance of winning, coming out in favor of a $15 minimum wage.
 

mule_eer

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May 6, 2002
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My question is why the minimum wage isn't set to some reasonable level (lower than $15), and indexed from here to eternity. That's the solution - increase the minimum wage with some sort of COLA measure. Our problem right now is that the minimum wage has very little purchasing power as compared to the minimum wage 30 or 40 years ago. That wage hasn't changed in what, a decade? That doesn't make any sense.
 

WVUBRU

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You often give useful advice and I would appreciate it if you would listen to your words of wit at times. Thanks for response.

Neil - I have given advice at times because I have learned from experience and those that I am giving it to seem to reach an understanding on how to improve what is transpiring on this board. If I cared how some treat me on this board, I most certainly would change my behavior. To have a friend, one must be a friend. I don't intend to have these individuals that I am hateful with to like me or say anything pleasant about me as they have proven they want nothing but hate thrown their way. They are scum and I treat them as such. Criticize my nasty disposition towards those as you wish.
 

WVUBRU

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My question is why the minimum wage isn't set to some reasonable level (lower than $15), and indexed from here to eternity. That's the solution - increase the minimum wage with some sort of COLA measure. Our problem right now is that the minimum wage has very little purchasing power as compared to the minimum wage 30 or 40 years ago. That wage hasn't changed in what, a decade? That doesn't make any sense.

Because it has been made a political football with one side taking an extreme and the other side taking an different extreme and there is no negotiating. What is left is a government that is not interested in doing what is best but rather do what will garner them political points in order to stay in power.
 

Mntneer

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My question is why the minimum wage isn't set to some reasonable level (lower than $15), and indexed from here to eternity. That's the solution - increase the minimum wage with some sort of COLA measure. Our problem right now is that the minimum wage has very little purchasing power as compared to the minimum wage 30 or 40 years ago. That wage hasn't changed in what, a decade? That doesn't make any sense.

I've not understood why they don't do something similar as well. The problem is people that get true minimum wage jobs need to understand that those are jobs that they don't intend to stay in.
 

op2

Active member
Mar 16, 2014
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My question is why the minimum wage isn't set to some reasonable level (lower than $15), and indexed from here to eternity. That's the solution - increase the minimum wage with some sort of COLA measure. Our problem right now is that the minimum wage has very little purchasing power as compared to the minimum wage 30 or 40 years ago. That wage hasn't changed in what, a decade? That doesn't make any sense.

I thought that too. Why not pick a minimum wage and have it indexed to something. Then the occasional argument could be over whether the multiplier that it's attached to the index should increase or decrease, and in the meantime the actual minimum wage wouldn't go years or decades without increasing.

Maybe one answer to that it that it would be a big regulation hassle for businesses to be raising their minimum wage a little each year.
 

mneilmont

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Jan 23, 2008
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There is some politics in all policies no doubt but the people whose wages are raised by increasing the minimum wage to $15 are mostly going to vote Democrat regardless.

While I don't doubt you'll hear some Democrat politicians come out in favor of an increased minimum wage, I'll doubt you'll hear any Democrat POTUS candidates, with the possible exception of Bernie Sanders who has no chance of winning, coming out in favor of a $15 minimum wage.
I have no problem with the $15 minimum - if it is done by the state governors. They are aware of the local economies and what the markets can sustain. But I have a hell of a problem with a one-size-fits-all mandate from a pandering President. The potential for unintended consequences is just to absolute.
 

WVPATX

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Jan 27, 2005
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My question is why the minimum wage isn't set to some reasonable level (lower than $15), and indexed from here to eternity. That's the solution - increase the minimum wage with some sort of COLA measure. Our problem right now is that the minimum wage has very little purchasing power as compared to the minimum wage 30 or 40 years ago. That wage hasn't changed in what, a decade? That doesn't make any sense.

Here is the problem with the federal minimum wage. NY ain't Mississippi. Albany ain't NYC. Beckley isn't San Fran. If we have a federal minimum, it has to be set at a level satisfactory to those in the poor, rural areas so that you don't hurt the consumer with high prices and you don't drive the business out of existence. In my opinion, any minimum wage should be set locally by each state and then by each city (Upper NY vs. NYC). One size surely doesn't fit all.
 

WVPATX

Member
Jan 27, 2005
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There is some politics in all policies no doubt but the people whose wages are raised by increasing the minimum wage to $15 are mostly going to vote Democrat regardless.

While I don't doubt you'll hear some Democrat politicians come out in favor of an increased minimum wage, I'll doubt you'll hear any Democrat POTUS candidates, with the possible exception of Bernie Sanders who has no chance of winning, coming out in favor of a $15 minimum wage.

A $15 minimum wage is absurd and destructive. Yet Dem politicians are adopting it. Why? To please the far left base of the party. VOTES.
 

mule_eer

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May 6, 2002
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Here is the problem with the federal minimum wage. NY ain't Mississippi. Albany ain't NYC. Beckley isn't San Fran. If we have a federal minimum, it has to be set at a level satisfactory to those in the poor, rural areas so that you don't hurt the consumer with high prices and you don't drive the business out of existence. In my opinion, any minimum wage should be set locally by each state and then by each city (Upper NY vs. NYC). One size surely doesn't fit all.
All of that is absolutely true, and many cities have their own local minimum wage set higher than the federal minimum. I think that makes sense. I have no problem with the fed setting an overall minimum though, and I do agree that $15 is too high for a federal min. I also know that some states are trying to make it illegal for municipalities to set their own local minimum wages - Oklahoma was one of those states, if memory serves. I do have a problem with that.
 

mneilmont

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My question is why the minimum wage isn't set to some reasonable level (lower than $15), and indexed from here to eternity. That's the solution - increase the minimum wage with some sort of COLA measure. Our problem right now is that the minimum wage has very little purchasing power as compared to the minimum wage 30 or 40 years ago. That wage hasn't changed in what, a decade? That doesn't make any sense.
What rate do you see as the appropriate rate to start giving annual COLAs? What point in time do you see as appropriate? What would the rate be today if FDR had initiated such a policy? My point is that the federal government is not capable of making such a universal policy that would satisfy this diverse country.

Let the local market set wage rates. If you need someone worth $15, pay them that rate or the competitor will steal them and pay them a fair rate. If someone is worth and only contributing 50 cents worth, pay them that. If they are dissatisfied, allow them to make themselves worth more. Just a bit of Capitalism which has served our country pretty well.
 

TarHeelEer

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My question is why the minimum wage isn't set to some reasonable level (lower than $15), and indexed from here to eternity. That's the solution - increase the minimum wage with some sort of COLA measure. Our problem right now is that the minimum wage has very little purchasing power as compared to the minimum wage 30 or 40 years ago. That wage hasn't changed in what, a decade? That doesn't make any sense.

You can say that for anyone except the ultra rich.
 

mule_eer

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May 6, 2002
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What rate do you see as the appropriate rate to start giving annual COLAs? What point in time do you see as appropriate? What would the rate be today if FDR had initiated such a policy? My point is that the federal government is not capable of making such a universal policy that would satisfy this diverse country.

Let the local market set wage rates. If you need someone worth $15, pay them that rate or the competitor will steal them and pay them a fair rate. If someone is worth and only contributing 50 cents worth, pay them that. If they are dissatisfied, allow them to make themselves worth more. Just a bit of Capitalism which has served our country pretty well.
I would say the minimum minimum would be the value of the $7.25/hour in 2015 (or whatever year this moves) dollars. The fed already determines COLAs for Soc Sec, so they could just use that as an index.

Letting the local set the minimum didn't work so well for a lot of people in this country for a long time. I don't have to give you WV history lessons, I'm sure. I'm all for capitalism, but I want reasonable regulations. I don't think a federal minimum wage is a bad regulation, but it needs to stop being a political football. Set it and forget it.
 

mneilmont

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I would say the minimum minimum would be the value of the $7.25/hour in 2015 (or whatever year this moves) dollars. The fed already determines COLAs for Soc Sec, so they could just use that as an index.

Letting the local set the minimum didn't work so well for a lot of people in this country for a long time. I don't have to give you WV history lessons, I'm sure. I'm all for capitalism, but I want reasonable regulations. I don't think a federal minimum wage is a bad regulation, but it needs to stop being a political football. Set it and forget it.
That still comes below the poverty level. I thought that was the basic ***** that you could not feed a family of 4 at that rate. I cannot see your scenario satisfying any on the lib side. Would this really satisfy you or just give you a higher basis from which to claim the unfairness in our society. From my perspective, min wage was never intended to be anything more than a pathway into the economy. It was never intended to be the career of anyone.
 

Airport

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Dec 12, 2001
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Here's an idea, let business set what it wants to pay for your services. Minimum wage is for entry level work. Teenagers etc. if you are trying to raise a family on minimum wage you have nothing to offer your employer. Basic rules of value apply. The better u are the more valuable you are to your employer. They will pay it. Nobody flipping hamburgers or taking orders are worth $15/hr and $30,000 per year. Some police officers don't make that much.
 

Cheat Lake EER

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Jun 4, 2003
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These things seem to work quite well at Sheetz and Wawa, not shocked that they will eventually catch on to other quick serve establishments. I think a lot of people would miss the human element, but a lot would rather not have to deal with rude employees anymore.