Cheaper Burgers or Higher Wages?
The dilemma of minimum-wage McDonald’s employees has come to light in recent weeks, leading some to call for a wage hike. That begs the question: how much more would McDonalds food cost?
There is some disagreement on the issue. A student at the University of Kansas School of Business did some number-crunching and concluded that a doubling of the wages at McDonalds would mean the price of, say, a Big Mac would go from $3.99 to $4.67. Others dispute this figure, saying it’s simplistic.
The question: would you be willing to pay more for McDonalds food to ensure a higher wage for the (mostly young) people who work there; or would you simply take your business elsewhere?
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