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Even minimum wage increases are means tested these days. Why not just make it $20/h for any job in California across the board?
Because this isn’t to help workers, it’s to help small Californian business owners by reducing the advantage that national chains have
SF already has a similar bylaw which punishes large chains
It’s just trying to prevent monopoly capitalism
Muh small business with only 59 locations just couldn’t bear the cost
“Independent advocacy group of McDonald’s owners” independent from what? The businesses they own are literally dependent on McDonalds.
Have you heard of the Russian chain “Uncle Vanya”?
What was the calculation, that if they increased every employees’ pay by $10/hour that would be completely balanced out by a raise on the big Mac price by 5 cents or something?
It could be more than balanced out by turning executives into unpaid interns
Or into vegan burgers
B-b-but at those wages we’ll have to raise our prices to unsustainable levels!…
to maintain our $13 billion in profit last yearLook at this guy trying to maintain profits rather than grow them infinitely
Tell ya what McD’s, let’s do it anyway and if it turns out to actually be devastating, I owe you a coke.
I owe you a coke
Bold of you to assume they wouldn’t raise their Coke prices to $3 trillion per Coke just for you
Massive corporation loses money. So sad 😢😢😢
rate of profit declining???Not even, the franchise just posted record profits.
rate of profit not declining
what is that face from?
As a former McDonald’s grill-burnee/customer punching bag/nickel a year raise receiver/fry cook let me say, I’m very hopeful that they’re right
no more half measures walter
oh no not a financial blow to a $200,000,000,000 company. won’t someone think of the hundred-billionaires!?
bless their hearts
devastating
It will be maybe a 2% dip in profits, which is devastating to number-must-always-go-up-and-go-up-faster death drive of capitalism.
