Hundreds of fast food workers and others in low wage positions around the country walked off their jobs this week to protest minimum wage , asking for it to jump from $7.25 an hour to $15.
While some sympathize with low-wage earners, many question how much it would cost consumers to pay for this proposed raise, but a research assistant from the University of Kansas School of Business believes it would be as painless as paying 68 cents more for a Big Mac, Forbes reports.
Research assistant Arnobio Morelix created a financial model based on McDonald’s annual reports and data sets. He found if McDonald’s paid employees the $15 they’re demanding, the cost would be covered with minimal changes, like raising the Big Mac from $3.99 to $4.67 and making the chain’s famous Dollar Menu the $1.17 menu.
The protests came shortly after McDonalds’ created a sample monthly budget that suggested workers get a second job to survive, and many challenged the budget as unrealistic and the average hourly wage of as unlivable. Protesters are also pushing for the right to unionize without the threat of retaliation.
Read Forbes full report here: http://wfts.tv/1caA7oI
Would you be okay with paying more for your fast food favorites to support workers in earning a better wage?
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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