iirc various union contracts are tied to some multiple of the minimum wage so of course they want it to go up...
Posted on 08/17/2013 11:19:22 AM PDT by EveningStar
Recent weeks have seen strikes in at least eight cities across America, with restaurant and retail workers claiming they deserve more than minimum wage. Their common refrain has been that if those greedy CEOs would only take a pay cut, low-paid workers could make a living wage to support themselves and their families...
The AFL-CIO has an entire section on its website, complete with flashy infographics, condemning CEO pay, which it claims "has skyrocketed while the average worker's pay has stagnated despite increases in productivity. . . . The middle class is dwindling and more and more working people are living hand-to-mouth." ...
[T]he CEO of McDonald's makes $5,370,666 in cash compensation. Divide that by 420,000 employees ... and workers would get an average hourly increase of 0.0061 cents per hour ...
(Excerpt) Read more at nationalreview.com ...
All I see is people asking for more per hour but not more hours.
With that comes added work load and added responsibility for the CEO. Meanwhile, workers responsibility and work load remains the same.
I have noticed Smashburger and Subway are rolling out online ordering. Why pay people more money to ba a cashier, when customers are willing to be their own cashiers for free?
The last year in which the black unemployment rate was lower than the white unemployment rate was 1930. That was also the last year in which there was no federal minimum wage law.
The Davis-Bacon Act of 1931 was in part a result of a series of incidents in which non-union black construction labor enabled various contractors from the South to underbid Northern contractors who used white, unionized construction labor.
The Davis-Bacon Act required that “prevailing wages” be paid on government construction projects– “prevailing wages” almost always meaning in practice union wages. Since blacks were kept out of construction unions then, and for decades thereafter, many black construction workers lost their jobs.
Many union wage contracts are tied to the minimum wage. If it goes up so does the contract wage, without negotiation.
I prefer a continual 50-60 hour work week, but I like, for moneys sake, an 84 hour week for relatively short spurts. Maybe 2 weeks of 7 days a week, 12 hour days, then a week of 50-60 hours, then another week or two of 7 x 12s.
A few rotations of these makes for some nice checks. (And one tired mountn man)
Exactly. Then non-union employers eventually follow suit.
And then companies raise prices in order to cover the expense of paying extra wages.
Then we end up back where we started. IOW, inflation.
iirc various union contracts are tied to some multiple of the minimum wage so of course they want it to go up...
The CEO of McDonalds Corp. has nothing to do with the wages of the guy flipping the burgers at the local restaurant. The owner of the restaurant pays the flipper’s salary. ITS A FRANCHISE!!!
Bad arithmetic. The workers would get an hourly increase of 0.61 cents per hour.
($5,370,666 / 420,000 employees) / (2,080 hours per year) = $0.0061 per hour = 0.61 cents per hour. Full time. But due to Obamacare, the workers will not get above 30 hours per week so the actual figure is closer to 0.82 cents per hour. For that matter, if they cut all the workers back to 6 hours per year each worker would get a $2.13 per hour increase.
A few years back a grain company I worked for was awarded a huge wheat export contract. Hiring and training people would take too long so there were 16 of us who approached our manager about us working our regular job for 8 hours and then moving to another desk to process all the paperwork for another 8 hours. Had 16 hour days for a month but financially it was well worth it to both the employees and the company. Have always been amazed by the number of people who absolutely refuse to work any overtime at all for any reason.
Now own my own business and would love to get even minimum wage some months. But there are other trade-offs.
It is real easy to make more money with no skills and education. It is called enlistment. Good pay, three squares a day, medical, housing, and benefits. If you are responsible, the US Military will pay for an education. But this require sacrifice and responsibility. These people have been suckered by leftist Unions that other people owe you.
Would just love to see these restaurants just close down until the wildcat strike ends. Owners could take a much needed vacation.
Not everybody who tries to enlist is accepted. It isn’t like the old days.
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