BernardandBianca
Well-Known Member
I also think about how much money it costs to even underpay the CM's. What is there now, about 80K CM's onsite? If that number is true and even if they all only work 20 hours per week, a $1.00 per hour would increase the current amounts by $83,200,000 per year (not counting matching government requirements). The problem there is that $1.00 per hour really isn't enough to help the CM's financially. If you needed to do that it would, at the very least multiply that number by 4, at the very least! This is the one time that Walt was wrong. There is no blessing of size.
OK, let's multiple that by 4, for an increase of $4.00 per hour. Using your figures, that will require an increased outlay of $332,800,000. Or a reduction in the stock buyback of approximately 4.75%. Think about how much money Disney is NOT spending on wages, investments, capital improvements or anything else to make the company better.