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No. of Recommendations: 50
CEOs at chains like McDonald's and Waffle House stop fighting a $15 minimum wage — but say it could mean higher menu prices for customers

In-n-out burger chain came to Texas a few years ago. The restaurant close to our house hires at 14.25 an hour and most kids are making over $15 an hour..... the service is exceptional for a fast food restaurant. Probably why the drive through is stacked throughout the day. Looking across the web - store managers for the chain yank down anywhere from 80k-160k. How do they do that and keep the price of a double meat burger meal at around $7-8?

I stumbled across this metric:

"The average In-N-Out Burger executive compensation is $209,844 a year.The median estimated compensation for executives at In-N-Out Burger including base salary and bonus is $222,802, or $107 per hour. At In-N-Out Burger, the most compensated executive makes $380,000, annually, and the lowest compensated makes $53,000."

then I stumbled across this metric:
"According to a McDonald's proxy statement released on Thursday, the CEO's total compensation in 2019 was $18,012,549. According to the company's calculations, that was 1,939 times what the median worker made in the same year."

yeah - those minimum wage workers are just killing the industry......

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