The Franchise King®

Fast Food Franchise Workers Strike In NYC

McDonald's workers on strike, Paris
 
They only make $7.25 an hour.

That’s why hundreds of fast food franchise workers are going on strike in NYC.

(This post may contain affiliate links. Please read my disclosure policy).

Hourly employees from franchises like McDonald’s, Wendy’s and KFC are seeking to double their hourly pay-all the way up to $15 an hour.

Are they (mostly franchise business employees) asking too much?

Could you live on $7.25 an hour?

And, what would Ray Kroc of McDonald’s fame do about wages?

 

Get Your Calculator Out

I did.

And, I actually had to do my computation twice-because I didn’t believe the first number that was displayed on my Casio®.

Workers that get paid $7.25 an hour-and who work 40 hour weeks make $15,080 a year.

That’s not a lot of money.



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Making Burgers

Obviously, it doesn’t take a rocket scientist to cook a burger or ring up a cash register.

And, hopefully, today’s college graduates…the ones that are graduating with $60,000 in student loan debt, aren’t finding themselves working in one of Ray Kroc’s fast food franchise empires. (As opposed to getting a cushy corporate well-paying job.)

Because if they are working at their local McDonald’s, they’ll have to move back home-and live with their parents.

For a long time.

 

Fast Food Forward

That’s the name of the group that organized this one-day walkout. Their website.

They’re arguing that the average wage for fast food franchise workers in the New York City area is around $9 an hour. If you compute that, it comes out to about $18,500 per year. Income like that is way under the U.S. Census Bureau’s threshold for poverty-level income; $23,000 per year for a family of four.
 
Homeless Woman searching for cans and bottles
 
 

Fast Food Franchisees Have Their Challenges

Today’s fast-food franchisees don’t have it all that easy themselves.

They’re being hit with cost pressures; higher operating costs and Obamacare uncertainty are only two of them. And don’t forget that they’re paying 4-8% of their sales revenue to the franchisor.

It’s expensive to run a fast food franchise. But, that doesn’t mean that I want you to feel sorry for franchisees or franchisors.

But, something has to give.

Right?

PS- These striking employees want the right to form a union without intimidation or retaliation.
 
Image #1 courtesy of Tilemahos Efthimiadis, on Flickr
Image #2 courtesy of Franco Folini
 

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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes.
For 23 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

Joel is Highly Principled
There are many people in the franchise business who claim to to be experts in the field. Unfortunately many of them lack both knowledge and integrity. Joel, however, is without question one of the most qualified and principled people I know, in or out of his industry."
- Greg Reynolds, Retired Outplacement Counselor
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