Doubling McDonald’s Salaries Would Cause Your Big Mac To Cost Just 68ยข More

From HuffPost:

McDonald’s can afford to pay its workers a living wage without sacrificing any of its low menu prices, according to a new study provided to The Huffington Post by a University of Kansas student.

Doubling the salaries and benefits of all McDonald’s employees — from workers earning the federal minimum wage of $7.25 per hour to CEO Donald Thompson, whose 2012 compensation totaled $8.75 million — would cause the price of a Big Mac to increase just 68 cents, from $3.99 to $4.67, Arnobio Morelix told HuffPost. In addition, every item on the Dollar Menu would go up by 17 cents.

Morelix’s research comes as fast-food workers across the country strike for a $15 per hour minimum wage. Workers are also protesting for the right to unionize without fear of retaliation. Protesters are holding strikes in seven cities over a four-day period, according to Salon.

Morelix looked at McDonald’s 2012 annual report and discovered that only 17.1 percent of the fast-food giant’s revenue goes toward salaries and benefits. In other words, for every dollar McDonald’s earns, a little more than 17 cents goes toward the income and benefits of its more than 500,000 U.S. employees.

BACK!

I had a tremendous vacation and will post about it as soon as I figure out what time it is. I’ll post throughout the day to try to catch up with whatever I missed when I was gone.

Everybody doing well?

Almost Home

Vacation is just about over. I’m back in the US (JFK airport) waiting to get back to Boston. I had an amazing time in Paris which is one of the most beautiful cities I have visited. I’ll write more and start blogging when I’m not in a fog of jet lag.