That is labor cost, not employee pay. That is the thinking of most of Americans. That $15 min wage for a burger flipper cost the employer about $30-$40 an hour after payroll taxes, workers comp, uniforms, insurance and other benefits.
That's incorrect. The typical bump is about 50%, max. Meaning $15 translates to $22.50. And that's for a large corporation with good benefits, not Mickey D bennies.
Thanks for the explanation. That makes much more sense. I found this site to have a good description of many of the additional expenses that go into employee compensation.
http://www.accountingcoach.com/payroll-accounting/explanation/4