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.
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 Looks like my numbers were a bit off due to being out of date.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 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...
[1]https://www.businessinsider.com/mcdonalds-big-mac-most-expen...
https://www.economist.com/big-mac-index
Wikipedia has a decent explainer too.
https://en.wikipedia.org/wiki/Big_Mac_Index
UBI may work but only if it is indexed to inflation...