$15 Dollar Minimum Wage Passed In California And New York

You're source is Ask.com. My source is Business Week. I think my source is a little more reliable.

https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-profit.html

Common sense tells us people aren't going to pay $750,000 to ,$1,500,000 for a job that pays $150,000 but you believe what you want.

Let's assume a McDonald's employs 10 people at a $10 hr wage & is open 14 hours a day. That would increase operating costs by $50 an hour or $700 per day or $5,000 a week, which increases annual costs by $260k a year. That eliminates all the profit of a restaurant. Larger McDonald's that are open longer will see higher costs.

$5000 * 52 Weeks = $260,000. Of course an average McDonalds employs a lot more than 10 people. Also there's the Employer side of FICA which adds another 7.5%.

Typo corrected.

I think we can all agree your number are nuts, but lets go with them anyway. Lets say a place has a $50 an hour increase in labor cost. Lets leave out the benefits of such an increase, such as worker retention and less training. Keep in mind that when a person is being trained, the employeer is paying not only the employee be trained, but also the person training him so every hour saved by training is two hours of labor saved.
Forgetting that, lets go with your $50 an hour increase in labor cost. Almost every McDonalds I've been in has three or four cash registrars, but lets pretend this one has two., and a Drive thru. I'm going to say the average guest orders three items- a burger, fries and a drink. If each point of sale handles one customer a minute, that's nine items sold per minute times 60 minutes an hour or 540 items per hour. A ten cent per item price increase would yield $54 an hour, assuming they sold so few items. In the real world, I'm going to say a nickle an item would most likely cover it.
Are you so broke that ,seven years down the line , you can't afford to pay an extra nickle for a burger in order to pay workers a decent wage and get them from needing food stamps to feed their families?
Does anyone here really believe a McDonalds owner would walk away from his million dollar investment and take a job as a manager in another place?
Math is hard, but it exists for a reason.

I don't think the government should set any minimum wage.. The supply and demand for labor should set that. If you aren't happy with your wage, then you should take the steps necessary to develop some skills where your labor will be more in demand. Of course if we didn't have millions of people working illegally in this country, the supply of low skilled workers would dry up and McDonalds would be lucky to find people willing to work for $15.00 an hour.

So if the business owner's answer to higher minimum wages is simply to raise prices, then why wouldn't we see a general rise in prices...including food prices....and these minimum wage workers will still need food stamps to feed their families.....because food is now more expensive?

Also...I would suggest that if you don't have any real job skills you should earn those skills first and then start your family so you don't have to depend on your job at McDonalds to feed them.

The employee base of any operating McDonalds (and most other low skill enterprises) is half what it was 25 years ago due to automation - Which means the profit margins for these operations has gone up by the salaries of the body count lost to machines. You can measure this by the massive increases in worker productivity during this same time period. Despite this massive increase in automated profit margins - the remaining employees have seen stagnant wages for 20 years while their trickle-down boss reaps all the benefits....and his employees have to get government handouts to eat.

If this is truly a dynamic you think is fair then have the balls to say it. But to suggest the "poor business owner" cant pay people more without raising prices is obvious bullshit to anyone who can read a graph.

Yep! That's worked out great in Bangladesh.

There was a time in America where we didn't have minimum wage laws ...and it was at the height of the industrial revolution where jobs where aplenty....and the free market paid people 10 cents a day with no weekends off....and children dropped out of school to work....and factories killed thousands of people a year due to unregulated safety hazards...

And then that commie, FDR, put an end to that Utopia. What a bitch, huh, Alan?