Sunday, July 19, 2015

McDonald’s outlook bleak in face of minimum wage hikes

"........ there should be some sort of leveling out point where minimum wage laws will stop affecting individual players in the fast food market. That’s because the rules apply to everyone in a given area. If McDonald’s is forced to raise their prices, odds are that their competitors will have to do so also. When all is said and done it will be the consumers who probably pay the bigger cost than the retailers."
[Hot Air]

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