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Here’s Exactly How Much More Money You Will Spend on Fast Food If Workers Get $15 Minimum Wage
Ijreview ^ | July 31, 2015 | REID MENE

Posted on 08/01/2015 7:41:59 AM PDT by Hojczyk

Researchers at Purdue University’s School of Hospitality & Tourism Management recently asserted that if McDonald’s were to pay their employees $15 an hour, the cost of a ‘Big Mac’ would go up by 17 cents. According to the study’s findings, the proposed minimum wage hike would, in general, spike the average meal cost at a limited-service establishment to upwards of 30 more cents a visit:

Another option proposed by Ghiselli to accommodate the minimum wage increase would be to downsize menu items. For example, burgers would see a 12% decrease in size at most establishments.

(Excerpt) Read more at ijreview.com ...


TOPICS: Business/Economy
KEYWORDS: business; minimumwage
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To: null and void
An In-N-Out in Alabama can’t be all that far into the future.

I hope that happens.

41 posted on 08/01/2015 10:02:43 AM PDT by kosciusko51
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To: kosciusko51

Me too, for you!


42 posted on 08/01/2015 10:06:23 AM PDT by null and void (If the government can't protect the Marines, how can we expect it to protect us?)
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To: Vigilanteman

I don’t go to McDonald’s very often as the quality isn’t what it used to be. I won’t pay more for a burger that I can make better at home. And I won’t have to put up with them getting my order wrong.


43 posted on 08/01/2015 10:33:16 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: moovova
Yesterday, I bought a box of frozen microwavable White Castle hamburgers for $9.99 for 16 burgers (two small burgers per sealed packet). I can have them anywhere there's a microwave.

The only time in the last 10 years that I've ever stopped in a McDonald's was on road trips. Give me a car with a power outlet that will accommodate a small microwave, and McDonald's is doomed.

44 posted on 08/01/2015 10:33:27 AM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: Hojczyk

The projected price of a Wendy’s Frosty is all I care about.


45 posted on 08/01/2015 11:15:19 AM PDT by aimhigh (1 John 3:21)
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To: Hojczyk

It already costs well over $6 for a combo meal at McD. I can get 2 pieces of chicken, a side, a biscuit, a cookie and a drink at KFC for $5. And McD wonders why their sales are plummeting...


46 posted on 08/01/2015 11:30:00 AM PDT by Antoninus II
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To: PapaBear3625

No White Castles around me, darn it...but I stop when we’re traveling and I see one.


47 posted on 08/01/2015 12:58:45 PM PDT by moovova
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To: Freestate316
Remember “eat at Burger Chef for a nickel and a dime”?

Sure don't - but we had a Burger Park that had an assembly line type system that sold burgers for a dime and cheeseburgers fro 15 cents - might have been similar or an offshoot..

48 posted on 08/02/2015 2:33:44 AM PDT by trebb (Where in the the hell has my country gone?)
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To: moovova
No White Castles around me, darn it...but I stop when we’re traveling and I see one.

No White Castles near me either, but you can get their frozen burgers in supermarkets and in BJ's Wholesale, and they're not bad microwaved at home or at work.

49 posted on 08/02/2015 5:35:27 AM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: Hojczyk

Liberals are terrible at math. They are counting a single person making the entire Big Mac meal.

When labor costs nearly double to $15/hr, and labor is 20% of a McD’s operating costs, it means costs must go up 20%.

That $7.68 Big Mac meal would be $9.21 to cover the added 20% labor expenses.

Of course, the market states how much a person will pay for a Big Mac meal. McDs might not get $9.21. They may have to hold prices down.

An average McDs makes only $2.5 million in sales with an average of 6% net profit, or $150,000. There isn’t much room for a 20% loss, taking profits down to $120,000. Some MD operators are not making but $40,000 profit, now they’ll make $32,000.


50 posted on 08/02/2015 8:39:20 AM PDT by CodeToad (If it weren't for physics and law enforcement I'd be unstoppable!)
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To: mass55th
We only go because:
  1. We live in a cracker heavy area where even the McD's workers are reasonably polite.
  2. The grandkids love the toys from the Happy Meals.
  3. The newspapers puts in a lot of coupons.
  4. They are super convenient.

51 posted on 08/02/2015 11:02:23 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Hojczyk

I remember when you could get an actual Quarter Pounder (not a kid’s meal attempting to pass itself off as such) meal for about two dollars. Now, not only is the meal twice as much, but the servings are even smaller. This has led to me rejecting BK and MD forever, whereas I used to get them pretty regularly.

I highly doubt the price increase for such a puny meal will be as easily accepted as the author would have us believe.


52 posted on 08/03/2015 2:17:46 PM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: Hojczyk

A Big Mac meal is approximately equal to 1 hour wage at minimum wage. Anybody care for a $15 Big Mac?


53 posted on 08/03/2015 2:26:41 PM PDT by Clay Moore (Keep JRandomFreeper in you prayers)
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