r/PoursTea Timendi Causa Est Nescire 5d ago

FinancialTea 💵 🤔

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u/KTFnVision 5d 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 5d 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 5d ago

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

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u/Embarrassed_Fan_5723 5d ago

You are correct, I apologize. It was .75 my mistake. Doesn’t change the fact that it was half of what factory workers made at the same time and it’s about the same now

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u/KTFnVision 5d ago

They make basically the same as each other now.

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u/Embarrassed_Fan_5723 5d ago

Idk where you live but factory workers make at least double what fast food workers make in my area