Thanks for the correction! I read that poorly: >> The new rate applies to restaurant chains with more than 60 nationwide locations. So just with McDonalds, ab

Thanks 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).