Minimum Wage increase. Goody.
How can this POSSIBLY go wrong?
Step 1) instead of paying fresh out of high school kid whatever California's minimum wage is now, now they make 15 an hour (in 2022)
Step 2) Suddenly McD has to pay more for their labor. How do they make that money back?
A) Cut costs. Buy lower quality goods and sell them at the same prices
B) Cut hours. No more 40+ a week for anyone, no overtime.
C) Raise prices. Suddenly that 1.99 cheapy hamburger is 2.49. You get the idea
D) Cut JOBS. "Sorry Junior we have to let you go. Economy is going to shit after all, sorry Bro."
E) Cut locations. Nothing says I LOVE YOU like closing down an ENTIRE MCDONALD'S.
F) Any combination of the above.
Step 3) The cost of living goes up everywhere.
Step 4) Suddenly people crying "I CAN'T LIVE ON 15/HOUR ANYMORE WAH WAH WAH"
Step 5) Raise Minimum Wage again
Step 6) Go To Step 1
WHAT COULD POSSIBLY GO WRONG???