14,000,000,000 / 365)/24 = 1.6 million per hour divided over 1,350,000 million employees give or take.
You’re paying employees 24hrs a day, 365 days a year. They should be paid, assuming standard full time (which most of them are not), 40hrs per week, 52 weeks per year or 2,080 hours.
14,000,000,000/2080 = 6,730,769 per hour over 1.35 million staff = a raise of $5 per hour, putting the new hourly rate at $20/hr. Not way higher, but worth noting.
Additionally, as I mentioned above, the assumption of 40hrs per week for all staff is highly unlikely to be accurate. I looked, but wasn’t able to find any hard data, just anecdotal stuff. Most staff I know in fast food places work ~30hrs per week, if they’re ‘full time’, so the number is likely higher than I’ve shown.
Therefor it is entirely possible, even without touching the CEO pay, to pay $20 per hour to all staff.
There is also the assumption that everyone would be paid $20 when in fact they would probably fall in a range of $16 - $18 with the extremely rare $19-$20
I knew the math wasn’t adding up somewhere, otherwise the new UPS contracts would bust the company.
You’re paying employees 24hrs a day, 365 days a year. They should be paid, assuming standard full time (which most of them are not), 40hrs per week, 52 weeks per year or 2,080 hours.
14,000,000,000/2080 = 6,730,769 per hour over 1.35 million staff = a raise of $5 per hour, putting the new hourly rate at $20/hr. Not way higher, but worth noting.
Additionally, as I mentioned above, the assumption of 40hrs per week for all staff is highly unlikely to be accurate. I looked, but wasn’t able to find any hard data, just anecdotal stuff. Most staff I know in fast food places work ~30hrs per week, if they’re ‘full time’, so the number is likely higher than I’ve shown.
Therefor it is entirely possible, even without touching the CEO pay, to pay $20 per hour to all staff.
Thank you so much!
There is also the assumption that everyone would be paid $20 when in fact they would probably fall in a range of $16 - $18 with the extremely rare $19-$20
I knew the math wasn’t adding up somewhere, otherwise the new UPS contracts would bust the company.