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your_huckleberry

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IT professional, SysAdmin, BBQ enthusiast, California native, Texas transplant, proud wonk, urepentant crank.

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rbreich , to Random
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Why are we talking about whether paying fast food workers a better wage will drive up the cost of a Big Mac instead of asking how much McDonald's CEO's $19.2 million salary is driving up the cost? Hello?

your_huckleberry ,
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@rbreich probably because they sell like 900 million Big Macs every year, so even if the CEO's pay was solely funded by Big Mac sales, it would still only be 2.3 cents per burger. Put another way the CEO's salary was .14% of McDonalds operating costs for 2023.

What's noteworthy is that they had a net income of over $8bn with a 33% margin. They can afford to pay more and still be profitable without raising prices. The CEO's pay doesn't really matter to the people cooking the food.

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