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Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by AustinDev on Saturday January 28, 2023 @11:53AM (#34559148)
What I find most interesting is that in Switzerland McDonalds workers make ~$25/hr and have great benefits however the food was about the same price as it is at my local McDonalds maybe a 10-15% difference. How is that profitable over there but it would not be profitable in the US?
Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by Idk__Throwaway on Saturday January 28, 2023 @11:58AM (#34559188)
You must be misremembering the price disparity. A quick Google shows that Switzerland is home to "the most expensive big Mac in the world"[1] at 6.50CHF. Almost double the US's average of $3.99.

[1]https://www.businessinsider.com/mcdonalds-big-mac-most-expen...

Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by blakesterz on Saturday January 28, 2023 @12:03PM (#34559229)
There's a more current "Big Mac Index" here, Switzerland seems to still be on top:

https://www.economist.com/big-mac-index

Wikipedia has a decent explainer too.

https://en.wikipedia.org/wiki/Big_Mac_Index

Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by Idk__Throwaway on Saturday January 28, 2023 @12:06PM (#34559270)
Nice! Thanks. Looks like my numbers were a bit off due to being out of date. To anyone who wants to know, currently the Swiss Big Mac is 35.4% more expensive than the US one.
Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by AustinDev on Saturday January 28, 2023 @12:09PM (#34559303)
So pay is ~100% higher while food cost is ~35% higher. Assuming a $12.00/hr average wage in the US.
Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by bofadeez on Saturday January 28, 2023 @12:03PM (#34559237)
He only makes 7.4 million? And yes 22/hour is way too high. Bring in the robots
Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by morpheos137 on Saturday January 28, 2023 @12:05PM (#34559258)
Higher wages lead to increased automation but then society has to deal with what to do with unneeded people. Not every burger flipper can learn to code.

UBI may work but only if it is indexed to inflation...

Re:McDonald's pres, made $7.4M, says $22/hr proposal is 'cos... by Entinel on Saturday January 28, 2023 @12:06PM (#34559264)
Workers should be paid more but I don't see what his salary has to do with anything. Is it just there for ragebait?