Chart: How Much Fast-Food Prices Would Rise If Employers Paid $15 an Hour

[Revmitchell]

As thousands of fast-food workers participate in strikes today pushing for their wages to be raised to $15 an hour, it’s important to remember the consequences that such a steep raise could have.

According to a new report released today by James Sherk, a labor policy expert at The Heritage Foundation, such an increase could result in fewer hours of work overall at fast-food restaurants and higher prices for all.

Profits:-77%

Sales: -36%

Total Workers Hours: -36%

Prices: + 38%

http://dailysignal.com/2014/09/04/c...5-hour/?utm_source=facebook&utm_medium=social

 

[Sapper Woody]

More impressive is the report your link linked. http://www.heritage.org/research/reports/2014/09/higher-fast-food-wages-higher-fast-food-prices

 

[Salty]

and with less workers - it will take longer for your order.

But here is another item that these minium wage workers may not realize.

Suppose they do get the $15/ hr. First many of those workers will actually have Fed and State/Commonweath taxes withheld. (if they make just a little - there are at the 0% tax.

Others - who have some tax withheld, will find that in April they will not get a refund because they will actually owe taxes.

Third - if a union is formed, now they have to pay union dues.

It is very possible - with that raise - they will end up with less money.

 

[InTheLight]

Profits:-77%

Sales: -36%

Total Workers Hours: -36%

Prices: + 38%

The price increase of 38% seems too low to me. I would think if profits decreased 77%, prices would need to be raised more than 38%, which would cause all the numbers to change.

McDonald's is in big trouble because customers aged 20-30 are abandoning them. Let's face it, the main reason people go to McDonald's is for the prices. If they raised prices 38% it would be a death knell.

 

[Rolfe]

Less people could afford to eat fast food. More people lose weight.