Comments on: Facebook, McDonald’s and the divided American workforce http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/ Wed, 30 Jul 2014 19:10:25 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: johnwerneken1 http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1256 Mon, 28 Apr 2014 02:54:17 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1256 Spot on. Wages are not the propose of jobs; production is. Jobs are not the purpose of an economy; production is. Citizen influence on what is produced or how is EVIL, except as reflected in what they chose to purchase, at what price/quantity from whom and when.

People in groups are irrational idiots. The same people one at a time are not.

What’s purchased drives what’s profitable, which is what drives what those with savings to invest, invest in. UNDER CAPITALISM in a constitutional republic, the PEOPLE rule – one at a time.

Anything else is a Communist Nazi King Progressive Barbarian. Destroying prosperity progress peace liberty and people.

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By: Stanley7746 http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1254 Sat, 26 Apr 2014 18:24:54 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1254 You can teach a parrot to say spud and another to say potato, is one smarter than the other?
The author has some insight but at times seems no better than Cliven Bundy. Let the trainer own part of ones income perminately. Then he speaks of isolated occurrences as if this is an actual working model that is producing results on any scale past the gloss factor, a gloss factor that does dominate the article.
The casual swipe at the American education system is my main objection, I wonder if the author has been in a school this year? In the last five years? Why does he not volunteer to help a child, he needs to go to a school and ASK what he could do to help an individual. Self serving articles of his opinions help no one, real change happens at the local level.

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By: OneOfTheSheep http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1253 Sat, 26 Apr 2014 18:02:28 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1253 Those who would blame McDonalds or Walmart for the problems of the world will never open their minds to concepts or information that conflict with such view. That said, this is a well thought out article that has sparked further thought among commenters.

“We, the people” are going to have to actually do some deep thinking as our society transitions to one that needs fewer and fewer people to do what needs doing. Raise low paying jobs to a higher minimum wage” and all you do is advance the pace of automation.

Advance the pace of automation and you have fewer and fewer employed that can buy the goods and services that represent the life’s blood of the economy. As America moves into uncharted economic territory the world awaits to see it’s economic future unfold.

It is a time, if ever there were one, to “measure twice, cut once”. We REALLY need to get this right, and NO has yet traveled the path that must be traveled.

It is not a matter of recognizing greed and penalizing it, but in exploiting the greed in each of us and harnessing it and it’s effects to positive result. This CAN be done!

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By: Radek.kow1 http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1252 Sat, 26 Apr 2014 15:47:05 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1252 @alwayslearning – as a matter of fact I started a business with my own money. Your argument is void. Entrepreneurial people are here in this world to make it better, not worse.

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By: jmad34 http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1251 Sat, 26 Apr 2014 15:28:33 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1251 If we look at corporate profits in terms of profit per worker, low wage employers earn much higher profits per worker. A recent analysis of Walmart, determined that a more or less 50% wage increase to $ 13 could be covered with a 1.4% increase in prices, or OMG a slight decrease the top end wage.

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By: smith_9000 http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1250 Sat, 26 Apr 2014 15:00:17 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1250 McDonalds has 1,800,000 employees at 35,000 locations. Facebook has 7,000 employees. Neither of these companies represents a model for a strong economy. McDonalds wages are too low and high tech companies like Facebook will never provide enough jobs to have a meaningful impact on overall employment levels.

If you want to provide a meaningful macro economic analysis you should consider how utterly stupid the US was to let go of millions of decent paying manufacturing jobs in the name of globalization. You may say this is part of “de-verticalization” but it is really George Carlin’s “pussification” of America where we do not make the goods we consume (decades long trade deficits), think it is OK to promise more than we can pay for (government budget deficits), and do nothing but talk as wealth and income continues to polarize. Capitalism and globalism require limits or we get a crappy economic environment.

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By: Oldbizeditor http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1249 Sat, 26 Apr 2014 15:00:11 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1249 Gibberish.

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By: alwayslearning http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1247 Sat, 26 Apr 2014 12:23:25 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1247 Until you own your own business capitalized by your own money and have taken on the responsibility of hiring and training employees, you know nothing. Those who can, do, those that can’t, judge.

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By: Radek.kow1 http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1245 Sat, 26 Apr 2014 08:07:40 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1245 I don’t see a point in subsidising large corporations through social programmes. Large companies (as anyone would do in their position) like to put problems in others’ hands, but this is not justified. They should share in solving social problems as well.

Afterall, business is supposed to work for the citizens and not the other way around. At the moment, the system doesn’t seem to work for its citizens.

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By: euro-yank http://blogs.reuters.com/reihan-salam/2014/04/25/facebook-mcdonalds-and-the-divided-american-workforce/#comment-1244 Sat, 26 Apr 2014 06:56:10 +0000 http://blogs.reuters.com/reihan-salam/?p=786#comment-1244 It is an interesting thought experiment, but I’m afraid that RD137 is right, it’s an apples and oranges comparison.

Facebook employees can be anywhere. It’s California office could closed and work moved to their India office or the anywhere for that matter. McDonalds must hire local.

McDonalds pays an effective tax rate of 32% in the US, while Facebook plays the “double irish” tax game and pays only about 2-3% on its revenue. So, if we are looking at who is investing in America to provide education & public transport, it’s McD’s.

Which company makes the biggest lasting impression on America – McDonalds makes us fat and Facebook makes us stupid. But a job is a job right?

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