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On Wages, McDonald’s Gets It Right
On Wages, McDonald’s Gets It Right
Oct 11, 2024 5:50 PM

McDonald’s CEO Don ThompsonNot earning enough? Take responsibility for your life, says Anthony Bradley in the second of this week’s Acton Commentary.

In today’s culture of entitlement people believe that they deserve certain rewards simply because they exist — not because of hard work, perseverance and wise choices. Entitlement is the only way to explain the lunacy behind recent demands that fast food chains like McDonald’s arbitrarily pay workers $15 per hour. Unlike many politicians, business leaders do not make decisions according to public opinion because they have fiduciary responsibilities to their boards and shareholders. As a result, McDonald’s Corp. Chief Executive Officer Don Thompson is doing the right thing by not cowing to ridiculous wage demands. In short, McDonald’s has e a scapegoat for a series of failed economic and public policies.

The full text of the essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.

Previous Article：‘Timothy Geithner is a Moral Hazard’ Next Article：Giving the Just Wage Its Due
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