The Fast-Food Consequences of a Bloated Minimum Wage


by Steven Davies on Sep 15, 2013 | Views: 220 | Score: 0
CurrentProposed by Strikers
Minimum Wage7.2515
Cost of Big Mac3.995.27
Dollars $
Sources: bloomberg.com, bls.gov, epionline.org
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Steven Davies
Steven Davies on Sep 15, 2013 3:34 PM said:

Fast-food workers in 60 U.S. cities recently held a one-day strike to call for a $15 an hour minimum wage, a 107% increase over the current $7.25 minimum wage. Some estimates indicate that increasing the minimum wage by this amount would increase the price of a Big Mac by $1.28, from $3.99 to $5.27.