Quote:
Originally Posted by Undertoad
This idea survives because it's appealing, but when you look at it:
McDonald's payroll is $4800000000 and the CEO is paid $7300000 ( over 600% of average worker salary) So he could only increase McD payroll to $4807300000 by forgoing his own compensation. |
Small math problem to call to your attention:
600% is six times the avg. salary. The report shows the CEO is making six hundred times the average salary. I don't know the # of McD's employees, but remember the stores are franchises and I don;t know if there is a distinction between franchise employees and McD's corp employees. Judging by the 11k figure, I'd say it's the former.
Still, as you point out that would only mean 600 more minimum wage jobs, but I suspect the effect of a small cadre of people holding 90% of the marbles makes for a shitty game of marbles. The effect of diminishing the wage gap would have a more profound effect on society as a whole than can be reckoned by looking at a single metric.