There's been all this hype about McDonald's workers, I don't wanna go as far to say protesting, but demanding higher wages. Well McDonald's is giving in and sayng that they are raising the wages to $1 above the minimum wage, and with minimum wages already going up, then some of their employees are gonna be getting quite the raise. Their reasoning for doing this is that they think that if they have a higher wage then they'll attract nicer and more careful employees to join their workforce. The thing is, it's McDonald's. Let's be real, McDonald's is going to have the same type of employees as before, just with higher wages. Still though, the employees want a higher raise past $1/hour above minimum wage! It's like, bro cool your jets, this is an entry-level job. Don't be expecting to make as much as the manager or something.
Here in Nebraska, the minimum wage is going to be raised to $9/hour. At McDonald's, it'll be $10/hour. That's pretty decent pay for an entry-level job. In Oregon, I heard somewhere about how by 2018 they're going to raise their minimum wage to $15/hour. At McDonald's, you'll be getting $16/hour! That's almost twice as much as what I get! I mean we're gonna have to see how this will all pan out. I really can see having it at $1 above minimum wage, but don't be pushing your luck.
http://www.wsj.com/articles/a-raise-at-mcdonalds-1427930726
The minimum wage debate is pretty much entirely emotionally fueled. The extra income will be offset by rising prices (simple supply and demand). Worse than this, increased minimum wage may actually endanger workers, seeing as to how if minimum wage is set too high, people whose labor value is lower than that will be out of luck.
ReplyDeleteFor example, someone is worth $7.50, but the minimum wage is $15. That person won't be hired because he will cost more than he's worth--that person has effectively been denied $7.50.