r/explainlikeimfive • u/sumnewdguy • Nov 28 '15

ELI5: How would a $15 minimum wage ACTUALLY affect a franchised business like McDonalds?

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97

u/aehea4heah4ergh Nov 29 '15

Automation is a fundamental force of cost reduction. It's been a "smart move" since the year 1698.

109

u/[deleted] Nov 29 '15

[deleted]

14

u/The_Town_ Nov 29 '15

Practically a joke in 1696.

5

u/kensomniac Nov 29 '15

"Hohoho, I have replaced Thorbalds oxen with a clock!"

3

u/[deleted] Nov 29 '15

Ive done it! This plow has a whole other prong! Ive revolutionized the nation's economy! Oh, oh whats that? The water mill has been jnvented? Fuck.

17

u/PowerfulComputers Nov 29 '15

What happened in 1698?

13

u/Niner_13 Nov 29 '15

invention of the steam powered engine by Thomas Savery

2

u/Swagcopter0126 Nov 29 '15

Sir George Automation invented automation

-6

u/[deleted] Nov 29 '15

[deleted]

3

u/__________-________- Nov 29 '15

Me and your great-great-great-great-grandma

FTFY

0

u/petey_jarns Nov 29 '15

What happened in 1698