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Best line in the article:  

 

"Comparing fast-food worker pay to CEO pay only displays a person's ignorance of how the marketplace works."

 

Please Stop Comparing Fast-Food Worker Pay To CEO Pay
By Chris Rossini

 

"Bill Moyers has a problem with this:

 

The average fast food worker makes $8.69/hr. McDonald’s CEO makes $13.8mil/year.
This is a very popular comparison that Progressives like to make. It shows a complete lack of understanding as to how the marketplace works.

 

The amount you get paid in the marketplace is determined by the amount of value that you bring. I once had a progressive ask me "How is it right to value people like that?"

 

She completely misunderstood me. It's not the people themselves that are being valued, but their skills!

 

You can be an extremely valuable father, mother, uncle, or brother. You can be a valuable friend, or husband. That's all wonderful stuff, and very important to well-rounded life. However, those qualities are not what is being valued in the marketplace. An employer pays you for the skills that you're able to offer. The more valuable the skills, the more money you'll be paid.

 

Progressives can't seem to wrap their heads around this...nor do they seem to want to.

The skills necessary to be a fast-food worker cannot be compared to the CEO of the company. I can speak from first-hand experience on this one too.

 

My very first job as a teenager was working for McDonald's. I had the skills to do the job as a young teen. There were a lot of people that had the same exact skills to replace me when I left. McDonald's did not go into a panic when I quit the job. They were probably able to hire someone before I stepped out the door!

 

Now, if you were to take me at that skill level and asked me: "Would you like to do the CEO's job for a day?" I would have thought you were insane. I didn't have any management skills. I couldn't oversee many thousands of stores located all over the world, and countless numbers of employees to boot. I didn't have the ability to deal with every possible crooked politician that could be thrown at me.

 

But guess what? The McDonald's CEO does have those skills. He has mastered disciplines and accumulated skills that really can't be comprehended by the average person.

 

Such skills are very rare! If the McDonald's CEO quits, the board may in fact shed many tears. Now they have to replace a person with a skill set that is extremely valuable. They may have to pay more than $13.8mil/year for the next guy.

 

Comparing fast-food worker pay to CEO pay only displays a person's ignorance of how the marketplace works.

 

Unfortunately, it's a much too common error.

 

This can't be stressed enough: It's the skills, not the person that is being valued in the marketplace. The skills!

 

For some reason, government textbooks leave that part out. I can't imagine why.

**************************

The Constitution. Every Issue, Every time. No Exceptions, No Excuses.

 

"When the people fear the government, there is tyranny. When the government fears the people, there is liberty."---Thomas Jefferson

 

"That's what governments are for... get in a man's way."---Mal Reynolds Capt. of Serenity, "Firefly-Class" spaceship

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Originally Posted by direstraits:

Skills, plus experience, neither of which are easily learned. One must presuppose that many of the progressives could not advance beyond the skills required at McDonalds if they left politics or academia.  

 


 

Try handing them an extra 8 cents to get back an even amount after the cash register drawer is open and watch them squirm. 

Originally Posted by mad American:
I challenge anyone to make a sandwich that people would be willing to pay for, pay the workers fifteen dollars an hour and still make a profit.

It can only be done in large cities that have very high costs of living.  If it happened here, people would not eat fast food, it would be just as cheap to eat at a very nice restaurant. 
 

 

Originally Posted by Mr. Hooberbloob:
Originally Posted by mad American:
I challenge anyone to make a sandwich that people would be willing to pay for, pay the workers fifteen dollars an hour and still make a profit.

It can only be done in large cities that have very high costs of living.  If it happened here, people would not eat fast food, it would be just as cheap to eat at a very nice restaurant. 
 _______________________________________________________________
Exactly, at that rate, expect expense account cafes.  

 

 

Originally Posted by Mr. Hooberbloob:
Originally Posted by direstraits:

Skills, plus experience, neither of which are easily learned. One must presuppose that many of the progressives could not advance beyond the skills required at McDonalds if they left politics or academia.  

 


 

Try handing them an extra 8 cents to get back an even amount after the cash register drawer is open and watch them squirm. 

OMG so funny I handed a drive thru person 2 extra pennies to get back a nickle instead of more pennies and she kept saying its only 10.37 but its only 10.37.  I simply said punch it into your little cash register and you will see what I am doing.  I have tried to do the above after they have rang it up and they refused to take it.

Did any of you ever have to pay for your shortages? I mean if you missed an item or didn't add the ticket correctly? I worked at a place that charged us. Believe me, we were super careful with our math. We never got paid for anything over though, if that happened. LOL! I love it when teens gripe about working conditions now days. They don't have a clue. And I was always so grateful to have a job.

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