Quote Originally Posted by BanginJimmy View Post
Thats great, how exactly does this have something to do with what I posted?

LOL.



You dont think McD's franchisees pay their 16y/o first time employees minimum wage? You dont think that those increased costs are going to be passed onto the consumer?




Their payroll taxes are going to jump 24%. You dont think thats significant?

Lets make 3 assumptions to make this simple.
1. This particular McD's stays open 24/7/364.
2. On average, they have 5 employees on the clock at any 1 time. (probably a low number)
3. They pay all of their employees minimum wage.

That comes out to 43,680 man hours a year.
That equals $316,680 a year in wages and another $19,635 in federal payroll taxes.

At a $9.00 an hour minimum wage that same 43680 man hours will cost $393,120 in wages and another $24,375 in taxes.

This comes out to an extra $81,180 in labor costs for a single restaurant. How does that NOT affect the restaurant?
Ummm, you do know that..

1. The average McDonalds franchise yearly profit (this is money after everyone is paid) Is around 2-3 million dollars.

2. Wages are tax deductible to the franchise

3. McDonalds is a multi billion dollar corporation

So how is only $86k in tax deductible wages and $5k in employee-paid payroll taxes significant to a multi-million dollar individual franchise again? Lol.