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xchrom

(108,903 posts) Sat May 24, 2014, 07:55 AM May 2014

McDonald’s CEO Says the Company Pays ‘Fair’ Wages [View all]

http://thinkprogress.org/economy/2014/05/23/3441057/mcdonalds-ceo-fair-wages/

McDonald’s CEO Don Thompson

“We continue to believe that we pay fair and competitive wages,” stated Don Thompson, McDonald’s CEO, in an annual meeting with shareholders at corporate headquarters in Oak Brook, Illinois on Thursday.

While Thompson reported that shareholders received $4.9 billion in returns in 2013, over 2,000 low-wage McDonald’s workers protested outside for a $15 minimum wage and the right to unionize, resulting in over 100 arrests.

“We provide job opportunities and training for those entering the workforce,” Thompson added, bringing up McDonald’s Chief Operating Officer Tim Fenton as an example, who started as a crew member in 1973 and is planning to retire later this year.

The facts tell a different story. The average annual salary for fast-food workers is $18,880, putting a family of three below the poverty line. Glassdoor reports that McDonald’s cashiers and “team members” average hourly pay of around $7.75.

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McDonald’s CEO Says the Company Pays ‘Fair’ Wages [View all] xchrom May 2014 OP

then that's what they should pay you leftyohiolib May 2014 #1

My thoughts too! B Calm May 2014 #2

Who wrote this shit? ChairmanAgnostic May 2014 #3

Technically it could be correct. All you take home is bus fare. hobbit709 May 2014 #4

After all they pay 1.5 Big Macs an hour! VanillaRhapsody May 2014 #23

But that's before withholding. ChairmanAgnostic May 2014 #29

so sadly true! VanillaRhapsody May 2014 #30

I don't know how else to say it: McDonald’s CEO Don Thompson is a Liar. n/t Tuesday Afternoon May 2014 #5

I would put another word in front of liar. hobbit709 May 2014 #6

Just one? Surely your vocabulary is large enough to tell us how you really feel Scootaloo May 2014 #7

The F word would be sufficient and fully descriptive. hobbit709 May 2014 #8

I like adjectives, too but, I was trying to be as nice as possible and still tell the truth ... Tuesday Afternoon May 2014 #10

Using the F word would be nice compared to what I would normally say. hobbit709 May 2014 #11

I said some choice words when typing above. I assure you but, when you have had as many hides I have Tuesday Afternoon May 2014 #12

Uncle Sam couldn't shut me up and no one else is either. hobbit709 May 2014 #14

A DU jury has shut me up many times. Tuesday Afternoon May 2014 #16

Only once for me. Someone in BOG didn't like what I said. hobbit709 May 2014 #17

it happens. My last hide on here was to a troll. I really think hides to trolls should drop off when Tuesday Afternoon May 2014 #18

Competitive, sure. Laelth May 2014 #9

Corporate McDonalds pays pretty well, as fast food goes Recursion May 2014 #13

It Takes A McDonald's Worker 4 Months To Earn What The CEO Gets In An Hour struggle4progress May 2014 #15

Should McDonald workers make more than a person who went to college for 4 years? oneofthe99 May 2014 #19

Teaching should pay better than what your niece is getting. surrealAmerican May 2014 #20

I'm not arguing with you oneofthe99 May 2014 #22

They should. Erich Bloodaxe BSN May 2014 #27

what's your point? your niece should make more, or other people should make less? i've worked TheFrenchRazor May 2014 #36

Shitty, fair, good, excellent... Wounded Bear May 2014 #21

Will he have the courage to speak to the people who were arrested? Boomerproud May 2014 #24

Unfortunately, he's right about it being a "competitive" wage. Shoulders of Giants May 2014 #25

Have you seen the latest fast food commercial? Erich Bloodaxe BSN May 2014 #26

I believe this man speaks with a "forked tongue". nt ladjf May 2014 #28

McDonald's CEO is black? SevenSixtyTwo May 2014 #31

? tkmorris May 2014 #34

indeed. a tad alarming. nt xchrom May 2014 #37

I did not know Grimace became CEO of McDonald's 951-Riverside May 2014 #32

And the jury results are in..... aikoaiko May 2014 #39

Workers should take over McDonalds and make it a cooperative Rosa Luxemburg May 2014 #33

"fair" and "competitive" means about what other similar companies are paying; so if they were all TheFrenchRazor May 2014 #35

Unfortunately, SevenSixtyTwo May 2014 #38