Doubling the wages of McDonald's workers making $7.25 an hour would increase the price of a Big Mac from $3.99 to $4.67, a U.S college student says. Arnobio Morelix, an undergraduate student at the University of Kansas School of Business, said he analyzed McDonald's annual reports and data sets submitted to investors and found overall, increasing the wages of those now making $7.25 an hour to $15 an hour would result in the fast-food chain's famous Dollar Menu going for $1.17 instead of $1, Forbes reported. Morelix said his analysis assumed profits and other expenses were kept at the same absolute number. He said his calculations were based on increases in salaries and benefits for every McDonald's worker, from minimum wage line cooks paid $7.25 an hour to Donald Thompson, chief executive officer, who made $8.75 million in 2012, Forbes said. Morelix said McDonald's 2012 annual report said the cost of labor -- salary and benefits -- was 17.1 percent of the fast-food giant's revenue.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor