McDonald’s Workers Strike, Demand $15/Hour Wage

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Aug. 29 (Bloomberg) -- Fast-food workers walked off the job today as they ratchet up pressure on McDonald’s and Wendy's to raise wages. Janney Montgomer Scott's Guy Lebas and Bloomberg's Trish Regan, Julie Hyman and Manus Cranny comment on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Value, who cares it?

Right now, banks, wall street, anything to do with jpmorgan, i just think they like to torture someone.

Taking on the fast food empire.

Thousands went on strike in cities including new york, chicago, los angeles, and indianapolis in an attempt to ratchet up pressure on mcdonald's and wendy's to rage ways is -- raise wages.

According to the bureau of labor statistics, workers currently average nine dollars an hour working at mcdonald's or wendy's . they want a six dollar an hour wage increase.

They cannot just work at mcdonald's if they have a family to support.

Even nine dollars an hour for a lot of people is not enough.

It is not a living wage.

If you unionize, what happens?

It's a volume business predominately so you need to do everything you can in order to protect your margins and that puts a really big squeeze on the fast food producers as well.

I would like to have the moral support to create a living wage for everyone in the country, but for the us business model it's extraordinarily tough.

You take us back across the pond, right now in the united kingdom, you sign a contract and i guarantee you, no working hours and that is why the recovery has been able to happen.

It is like a call option?

Him for you, 10 for you.

It is not just in the fast food but the catering industry as well.

We have a big moral issue.

Is it fair ran reasonable to expect for someone to work for minimum wage?

What is it?

$7.25? when the economy is under so much pressure, that is where you look at what you are actually paying people.

To your point, adam, when mcdonald's has hiring campaigns they are flooded with applications but people are in dire straits.

It reflects a much longer trend of income divergence between low and high income earners in the u.s. which is also dutch rental to overall economic growth.

A lot of statistics show that they are primarily younger people, high schoolers?

Not anymore.

Predominately, yes, but the trend is changing because the higher paid jobs at the older, more experienced people would have taken are not available to them.

That is why you see teen employment at a place like mcdonald's or a retailer for example is falling.

It is at very low levels because

This text has been automatically generated. It may not be 100% accurate.


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