Fast food has made its way throughout the world in only a few decades where it started as a few hamburger and hotdog stands in Southern California. Fast food has consumed the world of all its worth and takes the money of people daily. By 2001 Americans spent $110 billion on fast food alone. One company created in 1955 by Ray Kroc is by far the largest of them all, Mcdonald’s and runs the economy today (Our History). The rock hall of famer David Lee Roth admired the companies found: “Ya know, I always admired Ray Kroc, the man who invented McDonald's. Ray had a vision of the most commonplace thing - a hamburger and fries to go - but to him it was just the greatest thing ever, and he was going to make it the greatest thing ever for everybody
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McDonald's employs an enormous amount of people worldwide. And each store uses roughly 50 employees, both part-time and some full-time. Most of the Mcdonald’s are owned by people who invest around 1.5 million into that story. There are only a few that Mcdonald’s own the others are franchised owned. If Mcdonald’s were to still own all of them they would be considered a monopoly which is illegal today. Due to the owner’s constant rate of hiring new employees, they have to pay a very low wage in order to obtain enough profit, which doesn’t include overtime payment. The federal minimum wage is $7.25, yet cities and states are granted to change the minimum wage. A large number of people across the country rely on these full time jobs as a primary source of income for their families. Paid minimum wage only makes employees $15,000 a year which is incredibly difficult and often impossible to live an even close to comfortable life. $15,000 as an annual income could feed two people with no kids, but would be impossible for a family of six. In 2013, this encouraged many working citizens to step up and protest for a $15 minimum wage, however these protester were not aware that an increased wage could affect them negatively. Many cities and states eventually agreed to increase their wage to $15, achieving the protester’s goal (Federal Minimum Wage). Following this increase, store owners must ask themselves if paying employees more means they should hire workers with the skills to deserve that wage. The former CEO and president of Mcdonald’s, Ed Rensi, is not shocked by the negative impact of the increase in pay: “I have a simple message for the protest organizers and the reporters covering them: I told you so. It brings me no joy to write these words. The push for a $15 starter wage has negatively impacted the career prospects of employees who
McDonald's employs an enormous amount of people worldwide. And each store uses roughly 50 employees, both part-time and some full-time. Most of the Mcdonald’s are owned by people who invest around 1.5 million into that story. There are only a few that Mcdonald’s own the others are franchised owned. If Mcdonald’s were to still own all of them they would be considered a monopoly which is illegal today. Due to the owner’s constant rate of hiring new employees, they have to pay a very low wage in order to obtain enough profit, which doesn’t include overtime payment. The federal minimum wage is $7.25, yet cities and states are granted to change the minimum wage. A large number of people across the country rely on these full time jobs as a primary source of income for their families. Paid minimum wage only makes employees $15,000 a year which is incredibly difficult and often impossible to live an even close to comfortable life. $15,000 as an annual income could feed two people with no kids, but would be impossible for a family of six. In 2013, this encouraged many working citizens to step up and protest for a $15 minimum wage, however these protester were not aware that an increased wage could affect them negatively. Many cities and states eventually agreed to increase their wage to $15, achieving the protester’s goal (Federal Minimum Wage). Following this increase, store owners must ask themselves if paying employees more means they should hire workers with the skills to deserve that wage. The former CEO and president of Mcdonald’s, Ed Rensi, is not shocked by the negative impact of the increase in pay: “I have a simple message for the protest organizers and the reporters covering them: I told you so. It brings me no joy to write these words. The push for a $15 starter wage has negatively impacted the career prospects of employees who