I read a report this week about how fast food prices will go up if the owners are forced to pay $15 per hour. A Whopper meal will go from about $6.50 to $9.00. And, all you snowflakes better get daddy a part time job because a Grande Mohca Frappuccino will go up about $1.80. You may have to cut down on consumption - heaven forbid.
As I have explained before, minimum wage can go to $100 per hour and the same complaints will keep on coming. It’s basic economics. Whatever it cost to do business raises the cost of the product or service, and consumer raises across the board because workers have to keep up with inflation. Keep raising prices and before long inflation destroys an economy. It’s then when no one can afford anything and jobs go away.
I’m not going to bore you with the facts, but fast food workers have always been entry level jobs where young people can find out what it means to have a job and responsibilities.
Will the minimum wage become law? Who knows. If it does, there will be a great reduction in fast food jobs.
A Whopper is a great meal, but not $9 great.
PMO
2017
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