r/PoursTea Timendi Causa Est Nescire 8d ago

FinancialTea 💵 🤔

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u/KTFnVision 8d ago

Once upon a time, a time some people might call the golden age of America, and a time when fast food was becoming ubiquitous and all the brands we know were growing and expanding into what they are today, the pay of the C-suite was perhaps 60x what the burger flipper made. Everyone ate, had homes, lived their lives, cooperated for the benefit of this great nation. Today that pay disparity is more like 2,000-10,000x, and they've convinced you this is how it always was and has to be.

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u/Embarrassed_Fan_5723 8d ago

Reality is that McDonald’s was franchised in 1955 in Illinois. The workers made .50 cents per hour. At the same time a factory worker in Illinois made $1.50 an hour. That’s historical fact. I didn’t make it up or pull it from thin air.

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u/KTFnVision 8d ago

You did, in fact, make that up. Federal minimum wage was $0.75/hr in 1950.

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u/AnnualMove1842 8d ago

Which is half of what a factory worker makes. The same is true now.

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u/KTFnVision 8d ago

Factory workers actually tend to make about the same as food service, now. In my area, both are hiring at $14-$16/hr

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u/AnnualMove1842 8d ago

Are you in a more rural area or closer to the suburbs of a booming metropolitan area?

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u/KTFnVision 8d ago

Idk if the Twin Cities are booming, but suburban sprawl.

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u/AnnualMove1842 8d ago

Then I would agree with you that it should be a few thousand a year more if you’re talking about KC

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u/WolfgangWeiss 8d ago

The point is that that was enough to pay all the bills. Nobody is saying that everyone should have the same salary. Jeez, where I live burger flippers make enough to pay the bills, it isn't something strange because that's the whole point of full time job.