this post was submitted on 16 Sep 2023
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Antiwork

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A community for those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on anti-work ideas and want personal help with their own jobs/work-related struggles.

The new place for c/antiwork@lemmy.fmhy.ml

This server is no longer working, and we had to move.

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Subscribers: 2.1k

Date Created: June 21, 2023

Library copied from reddit:
The Anti-Work Library 📚
Essential Reads

Start here! These are probably the most talked-about essays on the topic.

c/Antiwork Rules

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1. Server Main Rules

The main rules of the server will be enforced stringently. https://lemmy.world/

2. No spam or reposts + limit off topic comments

Spamming posts will be removed. Reposts will be removed with the exception of a repost becoming the main hub for discussion on that topic.

Off topic comments that do not pertain to the post at hand may be removed if it is deemed they contribute nothing and/or foster hostility at users. This mostly applies to political and religious debate, but can be applied to other things at the mod’s discretion.

3. Post must have Antiwork/ Work Reform explicitly involved

Post must have Antiwork/Work Reform explicitly involved in some capacity. This can be talking about antiwork, work reform, laws, and ext.

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No mocking, demeaning, flamebaiting, purposeful antagonizing, trolling, hateful language, false accusation or allegation, or backseat moderating is allowed. Don’t resort to ad hominem attacks against another user or insult other people, examples of violations would be going after the person rather than the stance they take.

If we feel the comment is uncalled for we will remove it. Stay civil and there won’t be problems.

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Staff can take disciplinary action on offenses not listed in the rules when a community member's actions or general conduct creates a negative experience for another player and/or the community.

It is impossible to list every example or variation of the rules. It is also impossible to word everything perfectly. Players are expected to understand the intent of the rules and not attempt to "toe the line" or use loopholes to get around the intent of the rule.


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[–] HuddaBudda@kbin.social 3 points 1 year ago* (last edited 1 year ago) (2 children)

There are some parts I agree with this, because if we did calculate the profits and gave all the profits generated for 2022, we would end up only being able to give the average worker a raise to $16.20 an hour divided over 1.35 million employees.

But that is part of the problem. McDonalds has become too heavy for American workers to save it. It is over franchised.

McDonald competes using the "Walmart strategy" Where they under price the competition until no one can compete and are forced to close.

But times have changed.

This business model doesn't work when workers have options for good paying jobs.

$15 * 1,350,000 = $20,250,000 per hour for all employees per hour.

McDonald made in profits 14 billion in 2023

Assuming McDonalds took that 14 billion and gave it all to the employees.

(14,000,000,000 / 365)/24 = 1.6 million per hour divided over 1,350,000 million employees give or take.

Add that to the original

$20,250,000 + 1,600,000 = 21,850,000 / 1,350,000 = $16.18 per hour.

Note: this does not include stock buybacks as those are not ready for 2023, but I imagine around 2 billion extra we could dig out of those expenses. Also I do not know the overall executive pay. I can tell you the CEO's pay, and even the average, but I have no Idea what that total number is.

In all, I have tried to keep the math consistent, Please criticize the math, as I still feel like I have done something wrong.

I didn't want this conclusion. But if it is true. The Food industry is going to need to raise it's prices and stop overpaying it's CEOs. Or small Family owned businesses that don't have those constraints will outpace them in the next few years.

Edit: If you want more context and made it this far, check out _healththetank's post below, it adds a little bit more understanding on what I got wrong.

[–] healthetank@lemmy.ca 4 points 1 year ago (1 children)

14,000,000,000 / 365)/24 = 1.6 million per hour divided over 1,350,000 million employees give or take.

You're paying employees 24hrs a day, 365 days a year. They should be paid, assuming standard full time (which most of them are not), 40hrs per week, 52 weeks per year or 2,080 hours.

14,000,000,000/2080 = 6,730,769 per hour over 1.35 million staff = a raise of $5 per hour, putting the new hourly rate at $20/hr. Not way higher, but worth noting.

Additionally, as I mentioned above, the assumption of 40hrs per week for all staff is highly unlikely to be accurate. I looked, but wasn't able to find any hard data, just anecdotal stuff. Most staff I know in fast food places work ~30hrs per week, if they're 'full time', so the number is likely higher than I've shown.

Therefor it is entirely possible, even without touching the CEO pay, to pay $20 per hour to all staff.

[–] HuddaBudda@kbin.social 2 points 1 year ago* (last edited 1 year ago)

Thank you so much!

There is also the assumption that everyone would be paid $20 when in fact they would probably fall in a range of $16 - $18 with the extremely rare $19-$20

I knew the math wasn't adding up somewhere, otherwise the new UPS contracts would bust the company.

[–] sleepy555@lemmy.world 1 points 1 year ago

I agree with your points, I was speaking in reference to the 20m/yr CEO salary. Over 200k employees, that only comes out to $100 per person. As you've demonstrated, it takes a lot more than just paying CEOs less.