Wednesday, July 15, 2015

Redistribution of CEO's pay makes everyone's life better!

There's an article over on Think Progress about a restaurant in Wisconsin that's raising its employees wages to $15/hr.  You can find it here.  Not too much activity going on in the comments section, but I did see one person offer his very valuable opinion on how fast food restaurants can pay their employee's the same amount:


Well, first - it says right in the article that the owner is adding a 20% surcharge to each check to pick up the burden of the cost.  But, forget that.  I'm on your side Mike, let's redistribute the CEO's pay so that every employee can get the hard-earned raise they deserve.

Don't get me fooled here - I'm not distributing some of his salary, I'm taking it all from that rich privileged asshole who is making everyone's life miserable.

First, what is his yearly salary?  We'll use the data reported here to determine what it is annually.
http://finance.yahoo.com/.../mcdonalds-starbucks-ceos...

$9,247 * 60hrs/week * 50 weeks = $27,741,000. Lot of dough - now, we'll leave out the global empire that is McDonalds, and just use that to give raises to everyone in the U.S, because who gives a shit about the rest of the world, right?

According to Statista - there are 14,350 McDonalds
 in the U.S., and there is an average of 15 hourly employees per store.

http://www.statista.com/.../number-of-mcdonalds.../

http://www.statista.com/.../employees-per-establishment.../

So, first, let's distribute his salary to each store to spend on labor - 27,741,000 / 14,350 = $1,933.17 for the year to spend on labor. 

Supposing the average store's employee ONLY works 20 hrs per week, there is 300 working hours a week per store, 1,200 per month, and 14,400 hours worked by all employees per year, per store. Now's the fun part, where we make everyone's life better by distributing that money to the employees.

Congratulations. You gave every worker a $0.14 raise.... you f*cking hero.

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