... I love most of Bernie's proposals, but at his heart, he is just another lying politician using emotion rather than logic to sway the stupid and/or ignorant, unthinking masses.
"If McDonald's can afford to pay its CEO $85 million over three years, it can damn well pay all its workers at least $15 an hour. McDonald's recently gained $71 billion in market value while paying the average cashier a starvation wage of $9 an hour. Shameful."
If we took that $85 million over 3 years ($28.3 million per year), and divided it equally among the 2 million McDonald's employees, we're talking a $14 a year raise. 30 hrs * 52 ~= 1500 hours a year = $0.01 an hour raise.
$71 billion change in market cap it irrelevant. It is shares outstanding * price per share, and is not spendable money in the company's bank account. It is mostly because with falling interest rates and rumblings of potential recession on the market, people are looking for safe dividend stocks.
BUT, even if we took the entire profit of $1.5 billion per year and divided that up among the 2 million employees, we're talking $750 per employee per year, or about $0.50 an hour raise...not $6 needed to go from $9 to $15.
So, what is going on?
Bernie is funded by unions, and unions are targeting fast food, starting with the largest, McDonald's. The unions need the masses to honor boycotts and strikes, so need to create the impression that the employees are treated unfairly.... he is doing so (just like all other lying piece of shit politicians) by using emotional arguments based on bullshit math, because he knows the masses are stupid and/or ignorant, and won't bother to think it through.
THE REAL argument for raising the minimum wage is that it puts more money into the hands of people most likely to spend, so increases demand, creates jobs and grows the economy. Sure, there are fewer fast food workers after we raise the minimum wage, but the growth in the rest of the economy far more than makes up for it.
