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You have 500,000 employees working at 1250 McD, so an average of 400 actively employed workers per McD location? I thought no one wanted to work anymore?!
by dessimus 3y ago
You have 500,000 employees working at 1250 McD, so an average of 400 actively employed workers per McD location?
I thought no one wanted to work anymore?!
- adamredwoods 3y agoThanks for the correction! I read that poorly: >> The new rate applies to restaurant chains with more than 60 nationwide locations. So just with McDonalds, about 70,000 employees, but this includes managers [1]. [1] https://corporate.mcdonalds.com/corpmcd/our-stories/article/mcdonalds-billion-dollar-impact-california.html https://corporate.mcdonalds.com/corpmcd/our-stories/article/... So net operations increase = 70,000w * US$4/h * 1560h/w = US$436,800,000 Which means a Big Mac, if the price absorbed the wage increase alone would need to go up net approximately $8.33. $8.33 * 115BM/d * 1250r * 365d = US$437,064,687 $8.33 + $5.19 = $13.52 for a Big Mac (again, prices could be spread more evenly).