Posted 4/12/2024, 12:59:09 AM
Viral McDonald's Video Sparks Debate on $20 Minimum Wage Impact
- Video goes viral of customer complaining about $25 McDonald's chicken nuggets deal in California, sparking blame on new $20 minimum wage law
- Law requires large chains to pay minimum of $20 per hour, increased from $16, but price in video was higher than average for nuggets deal
- Report found McDonald's doubled menu prices since 2014, over 3 times rate of national inflation
- Wage increase expected to raise costs for franchises in short-term, though McDonald's taking measures to offset higher labor costs
- While wage hikes lead to higher prices, conversation should be about whether they benefit low-income people rather than placing blame
