To the Point
Should Fast Food Workers Get a ‘Living Wage?’
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…
By Warren Olney • • 1 min readSeven 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?
