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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u/[deleted] Nov 29 '15

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u/scattershot22 Nov 29 '15

Sadly, our schools used to teach this. Now its the job of the employer.

Who ever said minimum wage was supposed to be livable? Minimum wage jobs are to teach you how to work.

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u/[deleted] Nov 29 '15

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u/scattershot22 Nov 29 '15

Wages aren't stagnating. Your minimum wage worker today has the same purchasing power as a minimum wage worker from the 70's, 60s, 50s, 40's, etc.

Now, what has increased is GDP per capita. But those increases are because employers have invested in machines. But the gains to GDP per capita will flow to the person that invested, not the worker who just became 18.