Cecilie1200
Diamond Member
Wages should be set according to the real productive value of the work done by the employee.
If a person is 'low skilled', but their labor producing large profits for their employer, then they should be well paid.
No I disagree with that even.
Because for example, the cost to opening a McDonald's store, averages around $2.5 Million dollars.
The average McDonald's store owner, has invested a million dollars of their own personal money... and they have borrowed another million and a half. And then you think that the burger flipper should paid well for what?
McDonald's stores fail all the time too. The store I worked at in high school is closed.
If that store closes, I being the owner now am $1.5 Million in debt, and I lost the $1 Million I invested... but you the burger flipper think you should be paid well? For what?
If the business fails you lost nothing. I lost millions. You will leave without any debt from the business. I'll end up with $1.5 Million in debt from the business.
You simply find another job. I end up in bankruptcy, or a lien on the house, and spending years paying bankers.
Not to mention the fact that in the event there is a problem, who do they call? You, the low-wage employee? Or me the owner of the store? You don't own the responsibility of anything. I do.
And lets not forget that the business owners and CEO, are often working 50 to 70 hours a week, while you put in 40 hours and leave.
So this idea that you should be paid tons of money for low value work.... just because it generates more wealth... no. I don't buy that at all.
Y'know, people always go on about "McDonald's is a big corporation, so I'm SURE they can afford to pay their burger flippers $15 an hour." Truth is, McDonald's Corporation actually operates very few of the McDonald's restaurants. Their primary business is franchising. Most of the stores are individually-owned and -operated. They are, in fact, small businesses working on a small profit margin with, most likely, not a lot of capital to act as a cushion.
So I was working at Wendy's back in high school. I remember talking with the manager of the store, who said the store had lost money that month.
Now obviously they didn't lose money every month, but we had a bad month, and we had gone over budget on food costs, and didn't make up for it with additional sales.
It just so happened that that very same month, there was a huge story in the papers about how Wendy's had posted record profits, and everyone in the store was talking about how they should get a pay raise, because Wendy's posted a huge profit.
I remember being confused about what to think, because I saw the story and knew Wendy's had posted huge profits, but here people were asking to get a raise when the store we were at posted a loss.
Of course I did not understand then, what I do now, that every franchise, and indeed even ever store, has it's own budget, it's own profit and loss, and it's own wages to pay.
Even if the store is owned by the the corporate itself, rather than a franchisee... it still is run like a completely separate business.
The company isn't going to pay out to keep a store open, that is losing money. If the store loses money, they close it. Why would you keep a business going that is losing money?
So this idea that X.corp made a profit, so I should get a pay raise when my store I work for is losing money... no. That's not a thing.
Exactly. What Wendy's the corporation made a profit on was franchising fees, not on selling burgers.