3 ms·

McDonald's, Other CEOs Tell Investors $15 Minimum Wage Won't Hurt Business

• StuntPope 6y ago
  ...because they will simply use more automation. The kiosk manufacturers probably have lobbyists all over the place pushing for higher minimum wages all the time.
  • jfengel 6y ago
    Because a lot of reasons. * If everybody has to raise wages, they don't lose customers to competitors. * A lot of them are already paying higher than minimum. * They get a lot of customers making minimum wage, so they have more money to spend. * People continue to tip. * A bunch of states already have $15 minimums so they know how to make the relevant adjustments. Automation gets a passing mention, but only to downplay its significance.
• WarOnPrivacy 6y ago
  The best earnings calls are the ones that reveal truths that clearly contradict corporate press releases. Same goes for SEC filings.