NORTON META TAG

Showing posts with label living wage. Show all posts
Showing posts with label living wage. Show all posts

18 May 2025

ECONOMICS

 THINK about this the next time you start complaining about how much a burger or sub or coffee cost these days.....



06 April 2025

VERSE AND VOICE FROM SOJOURNERS 5APR25

 

30 September 2024

McDonald's CEO Chris Kempczinski got a raise last year & LIVING WAGE CALCULATOR 3APR&14FEB24


 I recently spent a lot of time on vacation with relatives and one thing I noticed is complaints by these drumpf / trump-vance supporters is (I am the lone Harris -Walz voter in my family) is the cost of a meal at fast food as well as family restaurants and the amazing wages employees at these restaurants are making, $14,, $15, some even $20+ a hour!!! Nobody seemed to be aware these are not living wages nor did they seem to care. Often the complaining grew to include the rising cost of almost everything, and blame was directed to employees wanting to be paid more for their work. By the by, none of the complaintees indicated they were paid too much for their work. AND non mentioned the wages, benefits, bonuses and perks of the ceos and executive boards of any corporation.  This from Restaurant Business and then check out this living wage calculator from MIT

McDonald's CEO Chris Kempczinski got a raise last year

But the fast-food chain’s chief executive, who was recently given the chairman title, still makes less than he did two years ago.

Chris Kempczinski got a raise before he got a new title.

The CEO and now chairman of McDonald’s was paid $19.2 million last year in salary, bonuses and stock, according to federal securities filings.

That was an 8% increase over 2022. But it remained somewhat lower than in 2021, when Kempczinski was paid about $20 million.

The bulk of Kempczinski’s pay package came in the form of stock and option awards, which total about $13 million. He was paid a base salary of $1.4 million and received just over $4 million in incentive compensation—the bonus was about $200,000 less than he received in 2022.

Kempczinski was also paid about $700,000 in “other” compensation, which includes things like life insurance, retirement plan contributions and use of the corporate jet.

McDonald’s is the world’s largest restaurant chain and its CEO is typically among the highest paid executives in the industry. It is also among the most closely watched pay packages on Wall Street, given McDonald’s visibility and labor activists’ push to raise base pay at fast-food restaurants.

Overall, Kempczinski’s total compensation was 1,212 times median employee pay last year, according to the filing.

McDonald’s has enjoyed a strong run of performance coming out of the pandemic, despite a host of concerns such as inflation, the closure of the company’s Russian restaurants and more recently worries about high fast-food prices.

Revenues increased 10% and global same-store sales increased 9% last year, including 8.7% in the U.S.

Kempczinski was named CEO in 2019 following the firing of Steve Easterbrook. He then guided the chain through the pandemic and its aftermath. Same-store sales have increased all but one quarter in the U.S. since he was promoted after leading McDonald’s USA.



WHAT IS THE LIVING WAGE CALCULATOR?
Today, families and individuals working in low-wage jobs make too little income to meet minimum standards of living in their community. We developed the Living Wage Calculator to help individuals, communities, employers, and others estimate the local wage rate that a full-time worker requires to cover the costs of their family’s basic needs where they live. Explore the living wage in your county, metro area, or state for 12 different family types below. The data was last updated on February 14, 2024.

28 August 2024

FROM Sen Bernie Sanders I-VT: No, Kamala Harris is not more progressive than I am & WATCH: Sen. Sanders speaks at 2024 Democratic National Convention 27&20AUG24

 THIS is an amazing endorsement of VP Kamala Harris and the HARRIS-WALZ campaign for President and Vice President of the United States and a Democratic led congress. Bernie Sanders lays out the differences between HARRIS-WALZ and the Democratic party agenda and the regressive, divisive drumpf / trump-vance campaign and the deceptive, dishonest gop / greed over people (republican party) / project 2025 agenda.  REMEMBER, WHEN WE FIGHT, AND WHEN WE VOTE FOR HARRIS-WALZ ON TUESDAY, 5 NOV 2024, WE WIN!!!

Listen to Donald Trump, turn on Fox News, or follow any Republican on social media and you will hear or see the constant claim that Kamala Harris is more "radical" and more "far left" than Bernie Sanders.

No.

Let me simply say, for better or for worse, Kamala Harris is not more progressive than I am.

It is always hard to respond to Trump’s lies because, a day later, his lies become even more preposterous. But, as we come together to defeat Trump and elect the Vice President, let me just remind you of one simple fact:

The so-called "radical" and “far left” agenda that we are fighting for is, in poll after poll, far more popular than Donald Trump, more popular than the Republican Party, and it is supported by a strong majority of the American people, including Republicans and Independents.

When Trump, Republicans, and even some members of the corporate media try to scare you with words like "radical" and "far left" it's important to understand what those policies actually mean and to know that these “radical” ideas are already in place in many countries around the world.

When we talk about guaranteeing healthcare as a right for all our people, we're talking about the ability to get the healthcare you and your loved ones need without fear of going bankrupt. We're talking about the ability to change jobs without fear of losing your healthcare.

When we talk about paid family and medical leave, we're talking about being able to spend the first few months with your newborn child without rushing back to work the next week, and we're talking about being able to care for a loved-one who is sick without having to worry about missing a paycheck.

When we talk about tuition-free college, we're talking about the ability to get an education without having to leave school with crushing debt. We're talking about the ability to start a business and create jobs without having to worry about decades of student loan payments.

When we talk about a "Green New Deal," we're talking about a planet that is habitable for future generations — with less drought, famine, floods, extreme weather disturbances, disease, and human suffering.

When we talk about raising the minimum wage, we're talking about people not having to work two or three jobs just to make ends meet for their families.

When we talk about expanding Medicare to cover dental, hearing, and vision, we're talking about our seniors being able to chew the food they eat, listen to the sound of their loved ones' voices, and see the world around them.

When we talk about passing the PRO Act, we're talking about giving working people a greater voice on the job to negotiate better pay and benefits for them and their families. We're talking about people just trying to make a living while CEOs are making a killing.

When we talk about letting the government negotiate the price of prescription drugs, we're talking about making sure people can afford the lifesaving medicine they need without having to choose between their health and food or utilities.

When we talk about overturning Citizens United, we're talking about making it so the wealthiest people and corporations in this country do not have the ability to buy our elections and our democracy.

When we talk about strengthening public education, we are talking about the ability to make sure that all of our children, regardless of income, get the education they need to prepare themselves for the future.

When we talk about strengthening and expanding Social Security, we're talking about making sure all of our seniors can retire and live out their lives with dignity.

And when we talk about making sure the wealthy pay their fair share, we are simply saying that it is time we have a government and an economy that works for everyone in this country, not just the top 1 percent. It’s time that we dealt with the unprecedented level of income and wealth that we are currently experiencing.

That is NOT a radical agenda.

The Republican Party and Donald Trump: More tax breaks to billionaires, budgets to cut Social Security, Medicare and Medicaid, letting polluters destroy our planet, letting drug companies charge whatever they want for medicine...

That is radical.


Sen Sanders speaks at 2024 Democratic National Convention