There is a large disconnect between big business today, and the employees that run those businesses. This is brought to light in a recent article on Business Insider by Henry Blodget. It tells the story of how McDonalds could double the wages of all its employees, and cover the costs by simply raising the price of a Big Mac by .68 cents. Dan and Joe dig into valuing and compensating employees, and what that means for entrepreneurs.
Then, Dan brings up a topic that hits close to home with he and Joe. Most people would avoid this topic, but they address it head on in round two!
And in the main event, the boys welcome on one of the most successful podcasters going today, John Lee Dumas from Entrepreneur on Fire. As opposed to addressing a specific podcast with him, they dig deeper into the round two topic with John, and then take the interview everywhere else. This is a sign of John Lee Dumas we rarely see, so you won't want to miss it!
BONUS: We bring to light some of the "copycat" podcasts that have popped up stealing EOF's format and material recently, and confront John with the tough questions. John's typically a nice guy, but we see if we can get the gloves to come off for the showdown!
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Business Insider Article - McDonald's Employees
Entrepreneur On Fire
John Lee Dumas Has His Questions Turned On Him on EOF
Blogworld (Now New Media Expo)
Spencer Haws Gets Ripped Off
Fire Nation Elite - John Lee Dumas' Mastermind
Follow John Lee Dumas on Twitter
Fast Food Strikes - Article
Retraction of McDonald's Story From This Podcast - Article
Fast Food Joint Pays Employees $12/hour
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