Hope all Floridians are ready for the $15.00, plus tax, Big Mac.
LOL you fail economics 101. A big mac costs $4.00. If you increase minimum wage by say $5.00/hr then the labor costs per big mac goes up 33%. But how much labor is in a big mac? Well on average labor is 25% of fast food costs so if 25% cost goes up 33% the the cost per big mac goes up $0.33. So the new retail price is $4.33.