McDonald’s Workers Ask for 100% Pay Hike as Consumers Anticipate Big Mac to Cost 17 cents More
With a strike by fast food workers underway, burger joint McDonald’s is deliberating how much to charge a McDonald’s burger if minimum wages for its employees are spiked to $15. At the moment, employees at McDonald’s make between $7-$8, an inadequate amount for employees to maintain a minimal lifestyle with hardly any money going towards luxury buying.
Strikes were ongoing in seven cities across the nation and is believed to be the largest such strike held in the fast food industry. The strike was launched on Monday, and others are scheduled to follow in Chicago, Detroit, and Milwaukee, and will continue into Flint, Mich. St. Louis, and Kansas City, Mo.
However, the move to strike has also seen a strong sentiment opposing the pay hike from the political Right. The conservative Employment Policies Institute said that there is a strong correlation between job losses and income hikes, reports MSNBC.
Jonathan Westin, an organizer for New York Communities for Change, said, “We’re building a movement of fast food workers in a way that has never really existed in the fast food industry.”
Consumers are concerned that an increase in minimum wage would result in higher prices for burgers, fries and the happy meal. Despite conjectures that if the minimum wage doubles, price will also go up a 100% is a fallacy. Not likely!
Here’s the breakdown of what the McDonald’s menu would look like:
If McDonald’s workers get $15 per hour, the cost of a Big Mac would go up $0.68 from $3.99 to $4.67. In case you’re looking for a whole meal, you would have to pay $6.66 instead of $5.69. And the Dollar Menu that sustained Americans during the fallout of the economy recession in 2008 would cost $1.17, up 17 cents, reports Forbes.
In a related story, local residents in a Melbourne town Tecoma, protested construction of a McDonald’s site that was underway for two years. The residents were concerned that crime, environmental degradation and its multi-national presence would take away from Tecoma’s natural beauty and landscape.