$22 per hour - for flipping burgers

Redwurzel

Redwurzel

Well-known member
Frontline staff fast food outlets in California are now been paid $22 per hour - about £19.50/hour.

This is double what new graduates are paid in Japan for working in prestigious Japanese organisation

Minimum wage rates in Japan are around £5/hour.

Its lack of staff and an over valued dollar and no pay rises in Japan for many years.
 
If that's what they have to pay to attract staff then fair enough.

With how much everything costs now it's hardly worth working for anything less than £20 per hour is it?

Either people will pay the price of the burgers required to pay the staff or the business will fold.

I'm all in favour of the workers who actually make the business money getting a fairer share of any profits.
 
I do some work for £10/hour, what I call semi skilled work.

I posted it to show how expensive the USA is and/or over valued the US dollar is.

When people in the UK say the £ has tanked - its as much an overvalued dollar as a weak pound.

Walmart (like Tesco) say their frontline workers are paid $18 (£16) per hour in Ohio (an average US State) the UK equivalent will be around £10.50/hour.

A Big Mac in the UK is £3.49, but an average of $5.19 in the USA (not that I eat Big Macs - reserach from Internet)

Based on these wages/prices it appears the correct exchange rate would be around $1.50 to £1.

Current exchange rate is $1.13 to £1 (according to BBC).
 
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No different to playing London wages here is it when the cost of living is higher?

Big Macs average $3.99 I think from what I've seen;

The state with the most expensive Big Mac is Hawaii, where the burger costs $5.31.

The state with the cheapest Big Mac is Mississippi, where it costs only $3.91.


While you can’t get a degree in Burgernomics, you can see the difference when looking at menu prices across the country. The average Big Mac costs $3.99
 
ThatFragranceGuy said:
No different to playing London wages here is it when the cost of living is higher?

Big Macs average $3.99 I think from what I've seen;

The state with the most expensive Big Mac is Hawaii, where the burger costs $5.31.

The state with the cheapest Big Mac is Mississippi, where it costs only $3.91.


While you can’t get a degree in Burgernomics, you can see the difference when looking at menu prices across the country. The average Big Mac costs $3.99
Click to expand...
You can find the details here in the Economist's Big Mac Index
And you can study Burgernomics at McDonald's Hamburger University
 
Those figures are a bit out of date (from July 2022) I would say the dollar is at least 25% over valued now. In currencies that is quite a lot.
 
Redwurzel said:
Those figures are a bit out of date (from July 2022) I would say the dollar is at least 25% over valued now. In currencies that is quite a lot.
Click to expand...
At Purchasing Power Parity (PPP), i.e. an exchange rate that reflects the domestic buying power of a currency, £ should be nearer $1.40 (see FT)
 
Interest rates are at 9% here in Chicago. I work for an international company which means pay is not connected to local markets. Recruitment and retention of posts such as teaching assistants or receptionists is so hard right now as people can get a job in Target that pays as much an hour for a lot less stress/effort.
 
Not sure if it's inflated because it's on delivery apps like Uber Eats and Grubhub, but my nearest McDonalds seems to charge $6.49 for a Big Mac.
 
Online it says the price is different in different states from around $4 to $7 - $6.49 is possible the normal price if you live in a more expensive state.
 
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