McDonalds profits about $8.5 BILLION a year. And McDonald's employees cost the federal government and tax payers over $1.2 billion as half of fast food employees live off of Food Stamps, Welfare, and Medicare.
The Golden Arches could achieve a$15 minimum wage by raising the price of Big Mac a mere 68¢, or not. Keeping prices the same, they could double the bottom salary and still net $5 BILLION a year in profits.
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| http://blogs.reuters.com/great-debate/files/2014/05/mcmoney-1024x682.jpg |
The Profits > People mantra of the last 30 years is to blame. The corporate overlords see that as a loss of $3 billion and not as an investment in the human employees they depend on a a boost to the national economy in the area that hasn’t felt as much from the economic recovery.
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