Look, here's the basic calculation... Fast food wages are about 26.5% of cost, including 3.3% profit. [1] I inflated wages to $15 from L.A.'s current $9. I mai

Look, here's the basic calculation... Fast food wages are about 26.5% of cost, including 3.3% profit. [1] I inflated wages to $15 from L.A.'s current $9. I maintained 3.3% profit. Old Wage New Wage Wage Rate $9.00 $15.00 Wage 26.5% 37.3% Other Expense 70.2% 59.4% Profit 3.3% 3.3% 100.0% 100.0% Cost Increase 18.3% Old Big Mac Meal [2] $7.00 New Big Mac Meal $8.28 We'll live. [1] http://www.heritage.org/research/reports/2014/09/higher-fast-food-wages-higher-fast-food-prices http://www.heritage.org/research/reports/2014/09/higher-fast... [2] http://www.expatistan.com/price/big-mac/los-angeles http://www.expatistan.com/price/big-mac/los-angeles