Are you all ready to start paying about $15 for a Big Mac?

[PoliticalNick]

Someone earlier asked what the min wage is now. It is presently $8/hr, the lowest in Canada in the province with the highest cost of living. It will top out next May at $10.25 which is long overdue.

There was also mention of the employers contributions which I did not claculate in my initial analysis. I have quickly run the numbers again and the loss of profitability to Mcds will be about 5.7%. That means their $50million net profit last year would become $47,150,000. I have to stop and wipe the tears at how cose to bankrupt they will become over having to give out an extra $2.85 million in wages over the course of a year.

These are of course on rough estimates but should be close enough to make the point.

All of you that don't eat there now better start or Mcds might be bankrupt soon. LOL

 

[JLM]

One of the problems with "minimum wage" is that it soon becomes the "maximum" wage
and there are people trying to live on minimum wage. The only way to live on minimum wage is
to share rent and food costs etc. with three or four other people. When I was a lot younger I
did just that. There was no set minimum wage back then but it was a way to make the dollars
stretch.

And another problem with it is it should be established by the market place, not the likes of Christy Clark.

 

[PoliticalNick]

And another problem with it is it should be established by the market place, not the likes of Christy Clark.

The problem with that is unscrupulous corporations like Mcds who already exploit the young and naive would, if allowed, have a wage of $4/hr or maybe less. We have a very high rate of unemployment right now so if not regulated the wage standards would fall drastically as people will take less and less pay to get the few jobs available.

 

[karrie]

"Are you all ready to start paying about $15 for a Big Mac?"


I think the more pertinent question would be, "am I willing to get my Big Mac cheaply, at the expense of someone else's ability to earn a living?" The answer is a resounding "no".

 

[captain morgan]

Someone earlier asked what the min wage is now. It is presently $8/hr, the lowest in Canada in the province with the highest cost of living. It will top out next May at $10.25 which is long overdue.

There was also mention of the employers contributions which I did not claculate in my initial analysis. I have quickly run the numbers again and the loss of profitability to Mcds will be about 5.7%. That means their $50million net profit last year would become $47,150,000. I have to stop and wipe the tears at how cose to bankrupt they will become over having to give out an extra $2.85 million in wages over the course of a year.

These are of course on rough estimates but should be close enough to make the point.

All of you that don't eat there now better start or Mcds might be bankrupt soon. LOL

Rough estimates? Based on your extraordinarily superficial analysis, how can you even claim to have an idea about the profitability of McDonald's or any other company that you are not intimately familiar with?

You don't even recognize what McDonald's cost of actually doing business is or the cost of the risk capital. That said, the company will analyze the cost vs profit and compare that against their options that include (but are not limited to) reducing their workforce, raising prices or closing stores that are already border-line.

 

[PoliticalNick]

Rough estimates? Based on your extraordinarily superficial analysis, how can you even claim to have an idea about the profitability of McDonald's or any other company that you are not intimately familiar with?

You don't even recognize what McDonald's cost of actually doing business is or the cost of the risk capital. That said, the company will analyze the cost vs profit and compare that against their options that include (but are not limited to) reducing their workforce, raising prices or closing stores that are already border-line.

I don't hapen to have the complete financials of Mcds or any other fast food joint in my pocket, correct. I do know where to look to get there position statement from last year and am quite capable of reading it. The numbers I give are liberally rounded to the million and calculations are based on the BCG's most basic business model for long term sustainability.

Are my estimates exact...of course not. Are they an educated rough analysis..sure. Will individual stores be affected differently...yes.

I simply used Mcds for the entire province as a general example.

 

[Mowich]

yes, it's long overdue, b.c. should not be at the low end of the scale, but at the top.

the whining about going out of business because they might have to pay their help a couple
of dollars more is comical.

I agree with you when it comes to businesses that are in urban areas, tallola. However, businesses in rural areas are whole other matter as they are already burdened with higher costs and lower customer bases. These small, usually family run businesses provide us locals with access to food and other supplies when the weather conditions prevent a trip to town. The rise in gas due to the mess in Libya already has had an impact on prices here in the Cariboo. The added burden of a minimum wage increase will not bode well for small rural businesses, their employees or their customers - like myself.

I am not against the minimum wage increase, having worked many jobs over the years where the wage always started at that level and took a long time to increase. I am merely pointing out that when small businesses complain about the added cost, some of them, mostly in rural areas, are telling the truth.

 

[bill barilko]

Who in their right mind eats @ McDonalds?

I mean seriously.

 

[Cannuck]

I beg to differ - one Chinese establishment locally is charging $60 for smorg for 4 and that is before any tip.

The tip shouldn't be much since you are (for the most part) serving yourself and $15 for an all you can eat smorg is pretty good.

 

[JLM]

The tip shouldn't be much since you are (for the most part) serving yourself and $15 for an all you can eat smorg is pretty good.

When two of them are kids????????????

"Are you all ready to start paying about $15 for a Big Mac?"


I think the more pertinent question would be, "am I willing to get my Big Mac cheaply, at the expense of someone else's ability to earn a living?" The answer is a resounding "no".

Oooooooooooooh Oooooooooooooh Karrie- Normally you make sense. Their ability (or not) to earn a living is something already long established by the employee. Consumers don't concern themselves with employee's wages. They go to where they can get the best product for the cheapest price whether it be a "Big Mac", a "Fat Wendy" or a "Gross Burger King". A "fair" minimum wage is a nebulous concept anyway, differs widely from one situation to another. The job could entail putting together 100 Big Macs an hour or could be answering the bosses phone 3 times an hour............so it's not up to you and me to dedide what a fair wage is. If you feel sorry for them there's nothing preventing you from tipping.

 

[#juan]

And another problem with it is it should be established by the market place, not the likes of Christy Clark.

Out of curiosty, would you make the minimum wage higher or lower? It sounds like you want the minimum wage lower.
I think the minimum wage should give a person a living wage. Places like McDonalds pay the bare minimum and once
you are up for a raise you are gone. The chiseling pr-ck that started McDonalds made billions on the backs of kids. If he
hadn't died when he did, someone should have shot him.

 

[Cannuck]

When two of them are kids????????????

Especially when two are kids. Kids have a habit of loading up on on chicken balls, dry ribs and ginger beef and leaving the noodles and chow mein. Besides, the solution is simple if you can't handle the cost of going out.

 

[JLM]

Out of curiosty, would you make the minimum wage higher or lower? It sounds like you want the minimum wage lower.
I think the minimum wage should give a person a living wage. Places like McDonalds pay the bare minimum and once
you are up for a raise you are gone. The chiseling pr-ck that started McDonalds made billions on the backs of kids. If he
hadn't died when he did, someone should have shot him.

I would make the minimum wage non existant, for about a dozen reasons. Very seldom is there is there two people employed at doing the same thing who are worth equal amounts. I personally think any normal able bodied person who performs manual labout should be paid $15- $20 an hour. Basically a person is worth what the traffic will bear. I certainly don't believe a person who is sitting at a desk answering a phone 3 times an hour, is worth the same amount as someone breaking his balls.

 

[lone wolf]

...yet some employers would pay a ten bucks a day to someone busting his balls if they could get away with it.

 

[Avro]

Shouldn't the OP be "get ready to spend more on suspenders and old fart hats."

Seems to be one of self interest.

 

[TenPenny]

They go to where they can get the best product for the cheapest price whether it be a "Big Mac", a "Fat Wendy" or a "Gross Burger King".

Actually, many consumers go where the service is good, and don't mind paying extra for it. Fast food is one example where people rarely price shop - they go where they are, or where the food they prefer is.

 

[Cliffy]

Seems to me I read that they are paying $15/hr at McRaunchies in Fort Mac. Does anybody know what they charge for a Bic Mac in Fort Mac?

 

[Cannuck]

Seems to me I read that they are paying $15/hr at McRaunchies in Fort Mac. Does anybody know what they charge for a Bic Mac in Fort Mac?

I heard they shut down because they couldn't find people to work. I don't know for sure. It's just a rumour I heard

 

[Corduroy]

Didn't she also propose having a Family Day stat holiday in February? OK, February is over, but why not, let's just pick a random day, March 18th?

 

[PoliticalNick]

She did remove the $6/hr training wage. That is going to be a big hit on Timmy's and Mcds and the like. They seem to have a habit of finding a reason to let people go right when that 'training period' is almost over.

Brings a tear to my eye, how could she put an end to the abuse of children like that.