McDonald’s CEO Admits Obama’s Economy and Higher Wages Is A Rousing Success

[The Great Goose]

For the past seven years President Barack Obama has worked tirelessly to address income inequality plaguing far too many Americans, including issuing non-stop calls for a minimum wage hike, As is usually the case, Republicans opposed any plan to help lift Americans earning poverty wages out of their financial distress, and complained loudly and bitterly that raising wages is certain to break businesses.

However, that is not the case by any means. In fact, the CEO of McDonald’s fast food chain, Steve Easterbrook, was pleased to announce that driven by the President’s push for higher wages and a growing economy, McDonald’s profits are up, employee turnover is lower, and customer satisfaction scores are higher. So much for the GOP’s lies that higher wages and employee benefits are business killers.

Last year McDonald’s raised wages for over 90,000 of its employees and provided more incentives and benefit packages. The results are in and according to Mr. Easterbrook; “I am pleased with the progress we’ve made in the 13 months since I became CEO. We are making improvements that our customers are noticing to serve hotter, fresher food with improved overall service experience. We are returning many of our critical markets to growth in terms of sales, guest counts, and market share. And we’re increasing profitability both for the company and our franchisees, whose cash flow’s approaching all-time highs in many of our major markets.”


Would you like to know more?...

McDonald’s CEO Admits Obama’s Economy and Higher Wages Is A Rousing Success

 

[ClosedCaption]

Uhhhh He's a Obama Plant

Ummmm He's lying!


Errr.....Fuck CEO's (this time only)

 

[boedicca]

The OP cites an opinion piece in which the author spins McD's turnaround. The real reasons are All Day Breakfast, streamlining the menu, and ROBOTS.

McDonald's To Open 25,000 Robot-Run Restaurants By 2016 - News Examiner - Examine Your World

Robots are coming for your job: Amazon, McDonald’s and the next wave of dangerous capitalist “disruption”

 

[SassyIrishLass]

Maybe McDonalds can put the 90+ million out of the workforce back to work....then claim a rousing success. What a bunch of bullshit

 

[ClosedCaption]

The OP cites an opinion piece in which the author spins McD's turnaround. The real reasons are All Day Breakfast, streamlining the menu, and ROBOTS.

McDonald's To Open 25,000 Robot-Run Restaurants By 2016 - News Examiner - Examine Your World

Robots are coming for your job: Amazon, McDonald’s and the next wave of dangerous capitalist “disruption”

You chose "Ummm he's lying"

 

[1stRambo]

For the past seven years President Barack Obama has worked tirelessly to address income inequality plaguing far too many Americans, including issuing non-stop calls for a minimum wage hike, As is usually the case, Republicans opposed any plan to help lift Americans earning poverty wages out of their financial distress, and complained loudly and bitterly that raising wages is certain to break businesses.

However, that is not the case by any means. In fact, the CEO of McDonald’s fast food chain, Steve Easterbrook, was pleased to announce that driven by the President’s push for higher wages and a growing economy, McDonald’s profits are up, employee turnover is lower, and customer satisfaction scores are higher. So much for the GOP’s lies that higher wages and employee benefits are business killers.

Last year McDonald’s raised wages for over 90,000 of its employees and provided more incentives and benefit packages. The results are in and according to Mr. Easterbrook; “I am pleased with the progress we’ve made in the 13 months since I became CEO. We are making improvements that our customers are noticing to serve hotter, fresher food with improved overall service experience. We are returning many of our critical markets to growth in terms of sales, guest counts, and market share. And we’re increasing profitability both for the company and our franchisees, whose cash flow’s approaching all-time highs in many of our major markets.”


Would you like to know more?...

McDonald’s CEO Admits Obama’s Economy and Higher Wages Is A Rousing Success

Yo, why are the idiots stuck in low paying JOBS? Yes Folks, the Good Old "Socialist Democrat Party" of today, and the past! Who has their Socialist fingers around the Education System? Why it`s the "Socialist Democrat Party" of course!

So, you can blame both Parties, and try to sound like a Moderate? But we know better, try reading between the lines!!!

And if the CEO of McDonald`s did say that? He said it because he fears the "Iron Fist" of the Socialist Democrat Party, Wake The Fuck Up People!!!!

Yo, take this to the Bank!!!!

P.S. The OP needs to get his head out of Obama`s Ass, and see the Light!!!

"GTP"

 

[saveliberty]

Americans are making less, sorry to bring in facts.

 

[boedicca]

The OP cites an opinion piece in which the author spins McD's turnaround. The real reasons are All Day Breakfast, streamlining the menu, and ROBOTS.

McDonald's To Open 25,000 Robot-Run Restaurants By 2016 - News Examiner - Examine Your World

Robots are coming for your job: Amazon, McDonald’s and the next wave of dangerous capitalist “disruption”

You chose "Ummm he's lying"

Pure nonsense. Most McD restaurants are franchises. The owners are free to set their own wage policy - and many are turning to robots in the face of states raising the minimum wage. The McD of the future will have ordering kiosks. Customers will not interact with humans with a few exceptions handled by a manager (i.e. a problem with an order); a small crew will do some of the food prep. IOW, fewer employees means more revenue per head due to the miracle of ROBOTS.

 

[ClosedCaption]

Yeah, what does the CEO know about business anyways! RABBLE!

 

[The Irish Ram]

Sure it has. Meet Janie, Bobby, Susan and Johnnie @ $15.00 an hour.......

 

[Rshermr]

Maybe McDonalds can put the 90+ million out of the workforce back to work....then claim a rousing success. What a bunch of bullshit

Sure it has. Meet Janie, Bobby, Susan and Johnnie @ $15.00 an hour.......

I know. I know. It was better when they were starving. And then they could get replaced. Not nearly as fun to replace people actually supporting their families.

 

[ClosedCaption]

A place in China just went all machine too. Go ahead and say its because of the $15 min wage that doesnt exist in America either

 

[boedicca]

A place in China just went all machine too. Go ahead and say its because of the $15 min wage that doesnt exist in America either

China is going robotic for the same reasons as elsewhere: the relative cost of labor to productive output.

 

[ClosedCaption]

A place in China just went all machine too. Go ahead and say its because of the $15 min wage that doesnt exist in America either

China is going robotic for the same reasons as elsewhere: the relative cost of labor to productive output.

Wow, so you mean it has nothing to do with $15 an hour like people are saying? Well I'll be...

 

[Rshermr]

The OP cites an opinion piece in which the author spins McD's turnaround. The real reasons are All Day Breakfast, streamlining the menu, and ROBOTS.

McDonald's To Open 25,000 Robot-Run Restaurants By 2016 - News Examiner - Examine Your World

Robots are coming for your job: Amazon, McDonald’s and the next wave of dangerous capitalist “disruption”

You chose "Ummm he's lying"

Pure nonsense. Most McD restaurants are franchises. The owners are free to set their own wage policy - and many are turning to robots in the face of states raising the minimum wage. The McD of the future will have ordering kiosks. Customers will not interact with humans with a few exceptions handled by a manager (i.e. a problem with an order); a small crew will do some of the food prep. IOW, fewer employees means more revenue per head due to the miracle of ROBOTS.

maybe. But unless you can see into the future, you do not know. But one thing for sure, whether they were making $7 or $15, if they can be replaced by robots and make the company or its franchisees more money, they will be replaced. UNLESS, the robots don't do what the human can do, or the customer does not like them.
But I know, you would like to believe that the minimum wage is going to cause the world to implode. Because that is what the conservative talking points tell you. However, in the real world, it never, ever does. Just keeps you happy believing those talking points.
So, here direct from the Con Talking Points site is one of your talking points about the minimum wage. By reading and believing this, you do not have to actually learn or know ANYTHING:
Minimum Wage Kills Jobs (Individually Sourced)
·The proposed increase in the Boston state minimum wage to $8.25/hr would lead to the loss of 26,970 jobs. (Source: A 2005 study by The Beacon Hill Institute at Suffolk University in Boston)
·Any increase in the minimum wage leaves businesses that employ millions of low skilled workers with two options: 1) Increase prices or 2) layoff more workers. One will increase inflation and the other will result in more unemployed. (Source: PennyJobs.com)
·The 12% minimum wage hike of 2008 contributed to a 5% drop in teen unemployment. Since Congress began implementing the 2007 wage hike, over 480,000 teen jobs have been destroyed across the country. (Source: Employment Policies Institute (EPI) - July 2009)
Conservative Talking Points - A Conservative's Debating Tool and Reference Database of Political Knowledge
Why study, research, and learn anything the hard way when you can have it all there to simply cut and paste. Sad.
[/QUOTE]

 

[boedicca]

A place in China just went all machine too. Go ahead and say its because of the $15 min wage that doesnt exist in America either

China is going robotic for the same reasons as elsewhere: the relative cost of labor to productive output.

Wow, so you mean it has nothing to do with $15 an hour like people are saying? Well I'll be...

Yes, I believe you are that dense. When robots are cheaper and more productive than humans, companies and Governments (China is a state run economy) have strong incentives to replace humans with robots. That is what is happening in China.

 

[The Irish Ram]

Maybe McDonalds can put the 90+ million out of the workforce back to work....then claim a rousing success. What a bunch of bullshit

Sure it has. Meet Janie, Bobby, Susan and Johnnie @ $15.00 an hour.......

I know. I know. It was better when they were starving. And then they could get replaced. Not nearly as fun to replace people actually supporting their families.

We have removed the jobs that people used to raise their families on. That is why the very same government that removed them wants these low level, high school jobs to become the substitute. Do you not understand that those machines are McDonald's answer to the government's solution? Those 4 machines used to be people. Ask McDonald's how fun they were to install, and the gov. how effective their campaign is. Those boxes don't pay taxes. And no Obamacare, no paychecks, no maternity leave, no scheduling, no whining for the company. A rousing success. For some.

And if that isn't ironic enough. McDonalds "supports" Obama's immigrants. Like Disney, that means firing Americans and hiring Illegals to replace them. The government just shot it's own policy in the foot. Those machines are actually Juan, Maria, Achmed and Su Lie @ $15.00 an hour. I love irony.

 

[Rshermr]

Maybe McDonalds can put the 90+ million out of the workforce back to work....then claim a rousing success. What a bunch of bullshit

Sure it has. Meet Janie, Bobby, Susan and Johnnie @ $15.00 an hour.......

I know. I know. It was better when they were starving. And then they could get replaced. Not nearly as fun to replace people actually supporting their families.

We have removed the jobs that people used to raise their families on. That is why the very same government that removed them wants these low level, high school jobs to become the substitute. Do you not understand that those machines are McDonald's answer to the government's solution? Those 4 machines used to be people. Ask McDonald's how fun they were to install, and the gov. how effective their campaign is. Those boxes don't pay taxes. And no Obamacare, no paychecks, no maternity leave, no scheduling, no whining for the company. A rousing success. For some.

And if that isn't ironic enough. McDonalds "supports" Obama's immigrants. Like Disney, that means firing Americans and hiring Illegals to replace them. The government just shot it's own policy in the foot. Those machines are actually Juan, Maria, Achmed and Su Lie @ $15.00 an hour. I love irony.

We shall see. Now, I know you believe those con talking points. But so far, they have proven wrong. Do you have a link that supports you, me boy??
Here is one that says you are wrong. Way, way wrong:
"Minimum Wage Mythbusters
Myth: Raising the minimum wage will only benefit teens.

Not true: The typical minimum wage worker is not a high school student earning weekend pocket money. In fact, 89 percent of those who would benefit from a federal minimum wage increase to $12 per hour are age 20 or older, and 56 percent are women.

Myth: Increasing the minimum wage will cause people to lose their jobs.

Not true: In a letter to President Obama and congressional leaders urging a minimum wage increase, more than 600 economists, including 7 Nobel Prize winners wrote, "In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front."

Myth: Small business owners can't afford to pay their workers more, and therefore don't support an increase in the minimum wage.

Not true: A July 2015 survey found that 3 out of 5 small business owners with employees support a gradual increase in the minimum wage to $12. The survey reports that small business owners say an increase "would immediately put more money in the pocket of low-wage workers who will then spend the money on things like housing, food, and gas. This boost in demand for goods and services will help stimulate the economy and help create opportunities."

Myth: Raising the federal tipped minimum wage ($2.13 per hour since 1991) would hurt restaurants.

Not true: In California, employers are required to pay servers the full minimum wage of $9 per hour — before tips. Even with a 2014 increase in the minimum wage, the National Restaurant Association projects California restaurant sales will outpace all but only a handful of states in 2015.

Myth: Raising the federal tipped minimum wage ($2.13 per hour since 1991) would lead to restaurant job losses.

Not true: As of May 2015, employers in San Francisco must pay tipped workers the full minimum wage of $12.25 per hour — before tips. Yet, the San Francisco leisure and hospitality industry, which includes full-service restaurants, has experienced positive job growth this year, including following the most recent minimum wage increase.

Myth: Raising the federal minimum wage won't benefit workers in states where the hourly minimum rate is already higher than the federal minimum.

Not true: While 29 states and the District of Columbia currently have a minimum wage higher than the federal minimum, increasing the federal minimum wage will boost the earnings for nearly 38 million low-wage workers nationwide. That includes workers in those states already earning above the current federal minimum. Raising the federal minimum wage is an important part of strengthening the economy. A raise for minimum wage earners will put more money in more families' pockets, which will be spent on goods and services, stimulating economic growth locally and nationally.

Myth: Younger workers don't have to be paid the minimum wage.

Not true: While there are some exceptions, employers are generally required to pay at least the federal minimum wage. Exceptions allowed include a minimum wage of $4.25 per hour for young workers under the age of 20, but only during their first 90 consecutive calendar days of employment with an employer, and as long as their work does not displace other workers. After 90 consecutive days of employment or the employee reaches 20 years of age, whichever comes first, the employee must receive the current federal minimum wage or the state minimum wage, whichever is higher. There are programs requiring federal certification that allow for payment of less than the full federal minimum wage, but those programs are not limited to the employment of young workers.

Myth: Restaurant servers don't need to be paid the minimum wage since they receive tips.

Not true: An employer can pay a tipped employee as little as $2.13 per hour in direct wages, but only if that amount plus tips equal at least the federal minimum wage and the worker retains all tips and customarily and regularly receives more than $30 a month in tips. Often, an employee's tips combined with the employer's direct wages of at least $2.13 an hour do not equal the federal minimum hourly wage. When that occurs, the employer must make up the difference. Some states have minimum wage laws specific to tipped employees. When an employee is subject to both the federal and state wage laws, he or she is entitled to the provisions of each law which provides the greater benefits.

Myth: Increasing the minimum wage is bad for businesses.

Not true: Academic research has shown that higher wages sharply reduce employee turnover which can reduce employment and training costs.

Myth: Increasing the minimum wage is bad for the economy.

Not true: Since 1938, the federal minimum wage has been increased 22 times. For more than 75 years, real GDP per capita has steadily increased, even when the minimum wage has been raised.

Myth: The federal minimum wage goes up automatically as prices increase.

Not true: While some states have enacted rules in recent years triggering automatic increases in their minimum wages to help them keep up with inflation, the federal minimum wage does not operate in the same manner. An increase in the federal minimum wage requires approval by Congress and the president. However, in his call to gradually increase the current federal minimum, President Obama has also called for it to adjust automatically with inflation. Eliminating the requirement of formal congressional action would likely reduce the amount of time between increases, and better help low-income families keep up with rising prices.

Myth: The federal minimum wage is higher today than it was when President Reagan took office.

Not true: While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s. That's why President Obama is urging Congress to increase the federal minimum wage and give low-wage workers a much-needed boost.

Myth: Increasing the minimum wage lacks public support.

Not true: Raising the federal minimum wage is an issue with broad popular support. Polls conducted since February 2013 when President Obama first called on Congress to increase the minimum wage have consistently shown that an overwhelming majority of Americans support an increase.

Myth: Increasing the minimum wage will result in job losses for newly hired and unskilled workers in what some call a “last-one-hired-equals-first-one-fired” scenario.

Not true: Minimum wage increases have little to no negative effect on employment as shown in independent studies from economists across the country. Academic research also has shown that higher wages sharply reduce employee turnover which can reduce employment and training costs.

Myth: The minimum wage stays the same if Congress doesn't change it.

Not true: Congress sets the minimum wage, but it doesn't keep pace with inflation. Because the cost of living is always rising, the value of a new minimum wage begins to fall from the moment it is set."
Minimum Wage Mythbusters
Every impartial site I have seen supports the above. Only the right wing sites, supported by the very wealthy, believe otherwise. Oh, and those who love being told what to believe.

 

[Iceweasel]

Minimum Wage Mythbusters
Every impartial site I have seen supports the above. Only the right wing sites, supported by the very wealthy, believe otherwise. Oh, and those who love being told what to believe.

Myth: Small business owners can't afford to pay their workers more, and therefore don't support an increase in the minimum wage.

Not true: A July 2015 survey found that 3 out of 5 small business owners with employees support a gradual increase in the minimum wage to $12. The survey reports that small business owners say an increase "would immediately put more money in the pocket of low-wage workers who will then spend the money on things like housing, food, and gas. This boost in demand for goods and services will help stimulate the economy and help create opportunities."


Apparently you aren't smart enough to know propaganda when you see it. Most small business owners say paying employees more is good because it gives them more money to spend? Horseshit! If anyone feels that way they would be paying more. And if you clink on the link to the survey, it is no longer available.

LOL, libs will believe anything.

 

[Rshermr]

Minimum Wage Mythbusters
Every impartial site I have seen supports the above. Only the right wing sites, supported by the very wealthy, believe otherwise. Oh, and those who love being told what to believe.

Myth: Small business owners can't afford to pay their workers more, and therefore don't support an increase in the minimum wage.

Not true: A July 2015 survey found that 3 out of 5 small business owners with employees support a gradual increase in the minimum wage to $12. The survey reports that small business owners say an increase "would immediately put more money in the pocket of low-wage workers who will then spend the money on things like housing, food, and gas. This boost in demand for goods and services will help stimulate the economy and help create opportunities."


Apparently you aren't smart enough to know propaganda when you see it. Most small business owners say paying employees more is good because it gives them more money to spend? Horseshit! If anyone feels that way they would be paying more. And if you clink on the link to the survey, it is no longer available.

LOL, libs will believe anything.

Yes, me boy, the link is still available. To people with actual thinking minds.

I see you have no link of any kind. So, what I have is your opinion. And I suspect you know how much I value your opinion. And, for christ sake, don't do any research. It is so much easier for stupid people to simply allow others to tell them what to believe.
There is plenty of research out there on the subject. The sample I gave a VALID link to is quite representative. Though I am sure you prefer the bat shit crazy con talking points, cause you do not think.