Should Fast Food Workers Get a ‘Living Wage?’

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Seven dollars and twenty-five cents is the federal minimum wage and, this week, workers in 7 cities have gone to the streets demanding their pay be doubled to 15 dollars an hour.  They hope to embarrass brands like McDonald’s—chains claiming their franchisees provide short-term, entry-level jobs while only making marginal profits.What would increased wages mean for the price of fast food? Is there likely to be any change? 

Credits

Guests:
Josh Eidelson - Bloomberg BusinessWeek - @josheidelson, Michael Saltsman - Employment Policies Institute - @mike_saltsman, Tessie Harrell - Burger King, Daniel Gross - Strategy + Business - @grossdm

Host:
Warren Olney