Tag Archives: Big Mac

Doubling McDonald's Salaries A Great Way To Get Workers Replaced By Machines

By Adam Ozimek, Contributor

A recent article at the Huffington post makes the claim that if McDonalds doubled its employees salaries it would only cause the price of a Big Mac to go up by 68 cents. The implication here is that 68 cents isn’t much money, so they should do it. There’s a few things missing from this. One is that the article itself alleges that doubling wages would lead to a 17% increase in costs. And I guess this is obviously supposed to seem like a small amount? It doesn’t look that way to me. What do people expect will happen when prices go up 17%? If McDonalds could raise it’s prices by that much without lowering demand they would. No, what would happen is people would shop at those stores less, there would be less profit and less McDonalds stores to hire workers. …read more

Source: FULL ARTICLE at Forbes Latest

Fast-Food Workers to Strike for One Day: Today

By Kate Seamons

You could have a tough time getting a Whopper or Big Mac today—assuming you live in Detroit; New York; Milwaukee; Chicago; St. Louis; Flint, Mich.; or Kansas City, Mo. Fast-food workers in those cities are planning to walk today, in a single-day strike that has worker pay in its… …read more

Source: FULL ARTICLE at Newser – Home

Scott Biumi, Georgia Police Officer, Allegedly Pulls Gun On Teen At McDonald’s Over Slow Line

By The Huffington Post News Editors

Lots of people get intense cravings for fast food, but one Georgia officer’s alleged Big Mac attack might earn him some time behind bars — and we don’t mean these kind.

DeKalb County police Sgt. Scott Biumi is charged with felony aggravated assault after allegedly pulling a gun on a customer in the drive-thru line of an area McDonald’s on April 9. Video of the incident — captured by security cameras at the restaurant — appears to show a man in a business suit draw a gun and point it at a driver at the head of the line.

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From: http://www.huffingtonpost.com/2013/04/18/scott-biumi-georgia-police-pulls-gun-mcdonalds_n_3111804.html

Big Mac Index Shows Official CPI Underreports Inflation

By David John Marotta, Contributor

In “Better to Bank with Cyprus Than the United States?” we wrote: In 1996 the government began measuring inflation differently, lowering the reported number significantly. … The average Big Mac costs 83.5% more. Even though the cost of a Big Mac has risen from $2.36 to $4.33, the CPI index has only adjusted to pay $3.49 for a Big Mac leaving seniors $0.84 shy of smiling.

From: http://www.forbes.com/sites/davidmarotta/2013/04/16/big-mac-index-shows-official-cpi-underreports-inflation/

2014 Jeep Cherokee Photos and Info: Crossover Duds and a Hearty Drivetrain [2013 New York Auto Show]

By Andrew Wendler

2014 Jeep Cherokee Trailhawk

The last Jeep product to wear the Cherokee nameplate was so beloved it survived three corporate ownership changes and an onslaught of more advanced competitors before finally meeting its demise at the hands of Daimler in 2001. Launched in 1984, that Cherokee—known internally as the XJ—and its boxy looks and loyal-bulldog reputation became an icon, and Jeep had no choice but to leave the name off its replacement. Calling the first-gen Liberty a Cherokee would have been akin to McDonald’s trying to pass off a tofu and bean-sprout sandwich as the Big Mac. (Of course, that didn’t stop Jeep from selling the Liberty as the Cherokee overseas.) But now, with a 12-year production run of the Liberty serving as buffer, Jeep is bringing back the Cherokee name to America, this time applying it to a vehicle that appears to be more CUV than SUV. READ MORE ››

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Source: FULL ARTICLE at Car & Driver

Big Mac Index: Indian Rupee Most Undervalued Currency In The World

By Saranya Kapur, Forbes Staff While it may not be as beefy as the Big Macs in other countries, India‘s version of the Big Mac (known as the ‘Maharaja Mac‘) is the cheapest by a long shot, according to The Economist’s Big Mac Index for January 2013, which makes the Indian rupee the most undervalued currency in the world.
Source: FULL ARTICLE at Forbes Latest