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I think that works out to $3000/employee. If these employees work on average 2000 hours/year (could be wildly different to that, depends on how many of these em
by stevoski 13y ago
I think that works out to $3000/employee. If these employees work on average 2000 hours/year (could be wildly different to that, depends on how many of these employees are full-time, and the amount of hours in a full-time work year in various countries), and McDonalds was to pay each employee $1/hour more, the profits would drop by two-thirds, to $1000/employee.
Without raising price, some franchises could eat[1] that extra cost; some would probably have to close shop.
[1] Boom. Zing.
- maxerickson 13y agoMost of the locations are franchises. It is pretty common for a franchisee to earn enough money to open another McDonald's. The corporate profits probably don't tell the whole story.