IF YOUR MANAGER GOT A BONUS, BUT YOU DIDNT GET A RAISE, THERE IS SOMETHING WRONG ! ! ! Anyone that knows me, knows that these facts are always on my mind, but today I decided to crunch some numbers … US GDP (Gross Domestic Product) in 1938 was $1,471 Billion in 2014 US dollars (19.9% of world’s economy) 1938 Minimum wage was $0.25 per hour in 1938 US dollars 1938 Minimum wage amounts to $4.19 per hour in 2014 US dollars US GDP in 2014 was $17,416 Billion in 2014 US dollars (≈22.4% of world’s economy estimated) 2014 Minimum wage stuck at $7.25 per hour in 2014 US dollars Therefore, if the minimum wage had kept pace with productivity since it was first put in place it would be $49.61 per hour. Do you believe that, non-labor providing, Corporate Executives, Salary Management and Wall Street investors are earning the entire $42.36 per hour difference they are keeping? $10.10 per hour or even $15 per hour for minimum wage is not at all unreasonable when viewed in this perspective. Those who provide zero labor in the equation would still be reaping the benefit of what amounts to $39.06 per hour or $34.61 per hour, respectively, that theyve been withholding from the minimum wage labor force. If the minimum wage labor force, that makes the world turn, was met half-way the minimum wage would be $24.80 per hour. For McDonald’s to raise their minimum wage employees up to $10.10 per hour, they would need to raise the price of an average “Meal Deal” by less than a nickel. To raise them up to $15 per hour the cost of the same meal would need to go up by less than fifteen cents. ATTENTION YO: If McDonalds did raise the price of the “Meal Deal” to offset the minimum wage increase, they would be maintaining their current level of executive and corporate share holder greed. McDonalds has the revenue to pay this wage increase right now, without needing to raise the price of anything. Watch this video of Senator Elizabeth Warren shed some light on this in less than 5 minutes. youtu.be/GYyqUZe7OCY
Posted on: Sun, 28 Dec 2014 00:43:05 +0000
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