If you took the ~$20M compensation of the key executives (CEO, CFO, COO, 2 presidents) and distributed it amongst the 420,000 McDonald's employees, it would result in a <$50/year raise for each. I am shocked at how few people understand this as the fact it is.
While $8.7M/year for the CEO is obviously fantastic compensation, running an organization of that size is quite a bit harder than flipping burgers. Executive compensation is out of hand but I don't know that it's necessary applicable here.
You do not realize the fact that an increase in lower wages does not mean it will come from a decrease in executive wages.
Yes executives should be paid less to pay more to lower wages (though the amount like $15 for McD is still WAY ridiculous. $10 might be my cut off point for un educated/skilled labor)
However, that is not the argument people are making. They are saying that every company will either:
A) Eat a cost of increase wages. (won't happen, business have stock holders to give back to and want a profit. Thats business)
B) Raise lower wages. And lower the executives wages. (Again, will not happen unless the corproation lowers executive wages
first. No company will ever attack the 'head' of the fish to save the body. This means, that the low paid positions will not get raises BASED off executive wages)
The real story here. If you don't like it don't work it. Just remember. If enough people stand together, and not work at McD, they will have to shut some stores down or increase pay until people DO want to work there (as they will need workers) [Supply and demand works both ways]
However since these jobs are tailored to HS students now, who don't need anything beyond gas and spending money, because mommy and daddy gave them everything else (**), that wage works because of the target the corporations aim for (
Not saying it is right, just saying it is how capitalism works in a commerical industry) (In factory settings a lot of people start off at $12-14/hr unskilled labor. True story. I know, I am an engineer in one.)
** - When I graduated high school, more than 50% (629) of my graduating class's parents bought a NEW car for their kids for graduating high school. . .