Mcdonald s And The Minimum Wage - 993 Words

MCDONALD’S AND THE MINIMUM WAGE Introduction Minimum wage has always been, and will probably always be, a controversial topic. Some believe raising the minimum wage is the solution to poverty, while others believe that raising the minimum wage is a recipe for â€Å"killing† jobs. This age old debate has come to the forefront recently as the â€Å"Fight for $15† by fast-food workers continues to grow. The campaign’s core argument is that the billion-dollar companies in the fast-food industry can afford to pay their employees better to ensure their employees make enough money to support their families and cover basic necessities such as food, health care, rent, and transportation. McDonald’s is one of the billion-dollar companies that the campaign is targeting and fighting against and, therefore, McDonalds has taken significant heat lately about their decisions to keep their wages low. Thus, the debate is, should McDonald’s raise their minimum wage to at least 15 dollars for all employees? McDonald’s’ Consequences of Raising its Minimum Wage As mentioned earlier, raising the minimum wage is one possible factor in decreasing the number of individuals below the poverty level. In that sense, it would be a socially responsible decision for McDonald’s to raise its wages. Chad Stone, a writer for U.S. News World Report, reported that an increase to just $10.10 would bring 900,000 people out of poverty (Stone, 2014). However, while the campaign’s main argument for raising the minimum wageShow MoreRelatedMcdonald s Ethical Principles And Ethical Issues912 Words   |  4 PagesThe McDonalds is one of the largest international fast-food chains that distributes their products in more than 119 countries across the globe. It is increasingly became common that such a big enterprises, as McDonalds most often faces moral or ethical issues that leads to many disputes between people within the company and outside of it. Nevertheless, McDonald’s busin ess ethics represents a set of rules based on moral behaviour. In other words, â€Å"†¦ethics that examine ethical principles and moralRead MoreMcdonalds Corporation Is The Organization I Selected With Compensation Or Benefit Challenges922 Words   |  4 Pages McDonalds Corporation Marisol Mata Devry University HRM 430 McDonalds Corporation is the organization I selected with compensation or benefit challenges. Since McDonalds opened their doors in 1955 people have been coming not only to enjoy a good meal, but they have been employed by the biggest food chain in the world. By 1958, McDonald’s had sold its 100 millionth hamburger. Ray Kroc wanted to build a restaurant system that would be famous for providing food of consistentlyRead MoreThe High Cost Of Minimum Wage929 Words   |  4 Pageshigh cost of minimum wage For a while now many have been demanding minimum wage be brought up to 15 dollars. Strikes and protests for it are nothing new. Who wouldn t want to get paid more? This idea seems promising, but it may turn into a deadly trap ready to paralyze our economy. Minimum wage should not be raised to 15 dollars for at least several years because it will ruin our economy. It would be very costly, unfair and counterproductive if that were to happen. Raising minimum wage to 15 dollarsRead MoreMcdonalds Versus Papa Johns1159 Words   |  5 PagesMcDonald s versus Papa John s During high school, I had the opportunity to gain valuable working experience. The first job that I ever had was working as a crew member at McDonald s. 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However, six years later the minimum wage rage remains the same. It is time once again for the federal government to raise the minimum wage to spur the economy. Raising the minimum wage would help the American economy and the daily life of the citizens for a variety of reasons. The first topic is that it not only would help the people but it also would help the economy as a whole. The second topic is that companies are a lready raising the minimum wage because ofRead MoreRaising The Minimal Wage For New York City936 Words   |  4 Pagesraise the minimal wage in order to survive New York’s expenses and be able to afford luxury gifts for loved ones and relatives. Roaming the streets of New York City with protestors shouting out for â€Å"wage equality† have created movements that Governor Cuomo certified on the fourth of April 2016 for many New Yorkers. The raise of the minimal wage from $9.50 an hour in present days 2016, to $15 an hour by 2018, is considered a state budget historical increase in the minimal wage. Ultimately reachingRead MoreMinimum Wage And The Wage965 Words   |  4 PagesMinimum wage continues to increase, but does it increase enough? Minimum wage right now in Florida is set at $8.05 but who can really live off that. It is absurd that the minimum wage has not increase since the 1960’s in real buying power. The reason for this statement is that the minimum wage in the 1960’s allowed people to buy more items then they could buy with the minimum wage in 2013. In Order have the same buying power as in the 1960’s the minimum wage in 2013 would need to be at least $9.84Read MoreMcdonald s Impacts Of Globalization And Technology1315 Words   |  6 PagesAbstract McDonald s is a privately owned company that is part of a food industry that is consistently evolving with strategic management and strategic competitiveness at the forefront. McDonald s goal is to be a pioneer in delivering exceptional customer service in meeting the needs of their customers with quality and affordability. This research will present McDonald s impacts of globalization and technology. The industrial organization model will be discussed to determine steps needed to maximizeRead MoreRaising The Minimum Wage?870 Words   |  4 Pagestopic of raising the minimum wage has many different viewpoints. It is thought to be affected negatively and positively. Some believe it increases unemployment and poverty. Others believe it creates jobs, helps the economy and low-income families by giving them more money to give back to the economy. Doug Hall, director of the Economic Analysis and Research Network and David Cooper, Economic Analyst at the Economic Policy Institute, expressed how the increase in minimum wage affects certain genders