Seattle $15/hr min wage mean boost for Automation Industries, Demise of Franchise Model

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9 years ago 06/04/2014 2:14pm EDT

re: RealDeal402

RealDeal402 wrote:
Minimum Wage is not a way of keeping people poor, but rather keeping people motivated.

If this is true, shouldn't that logic apply to almost everyone, regardless of wage? Should everyone be making less, to keep them motivated? Secondly, there is a problem of motivation at the other end of the scale too. No one is going to work for $1/hour. If things stay the same, eventually no one will work for $9/hour. May as well stay unemployed if the benefits of working aren't significant.

Kudos for paying your workers more than minimum though, we should have more employers like that.

9 years ago 06/04/2014 2:55pm EDT

re: been to france?

been to france? wrote:
Ken Osha wrote:
McDonalds is experimenting with screens in which the customer simply touches the items he wants and then pys with a debit card - eliminating the need for a worker. This technology is what the worker is competing against. At low wages, the technology is too expensive. When the wages of the worker rise beyond a certain point, the technology becomes a bargain.
In Europe they have this at a lot of McDonald's. I assume one of the reasons is because the checkout workers are paid more in Europe.

So if they were doing that anyway, why does it make a difference?

F**k McDonalds anyway - 33% obesity!

9 years ago 06/04/2014 7:16pm EDT

re: I know it all, YOU don't

Thank yourselves for voting for the Dems and Obama in '08 and '12

Enjoy your mess in 30 years

9 years ago 06/04/2014 7:37pm EDT

re: doesn't make sense

doesn't make sense wrote:
Stupid Belligerent Drunk wrote:
For large companies I disagree with the fixed minimum wage principle. Instead the minimum wage of an employee should be 1/20 th or more of the maximum employee hourly wage (including bonuses and stock options). This makes it so companies can survive, and cut wages if they need to (but also the CEO would have to take a cut here), if the company can afford to pay the CEO more, they can afford to pay the workers more.
Why? The CEO's value to the company is way more than 20 times the value of the lowest paid employee. Do you really think that any random McDonald's employee's impact on the company's value is equal to 5% of the CEO's impact?
A great CEO can increase revenue by millions of dollars. A great cashier might create a few thousand dollars in efficiency gains and goodwill compared to an average cashier.

It could possibly be less extreme than 1/20th. Even 1/50th or 1/100th would still make people's wages quite livable. As long as stock options and other forms of compensation are included, I'm fine with a lot of numbers. For example want to pay your CEO 5 million, great, under the 1/100th rule you have to pay your janitor 50k.

9 years ago 06/05/2014 10:24am EDT

re: R2D3

R2D3 wrote:
been to france? wrote:
In Europe they have this at a lot of McDonald's. I assume one of the reasons is because the checkout workers are paid more in Europe.
So if they were doing that anyway, why does it make a difference?

It's the relative cost that matters. With minimum wage at its current position, it may take 4 years to pay off the up front cost, for example. Increasing the minimum wage to $15 an hour could lower this payback period to just 2 years, which suddenly makes a lot more economic sense to a business. These numbers are just examples, but that's the concept and why it may matter.

Of course, I think one of the big reasons they have the automation in Europe is the language barrier that's present there. You can drive 2 hours and suddenly not know the language - a problem that's not present in the US. Automation removes this barrier and makes things better for customers.

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Seattle $15/hr min wage mean boost for Automation Industries, Demise of Franchise Model

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