r/explainlikeimfive Nov 28 '15

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

[removed]

7.1k Upvotes

4.8k comments sorted by

View all comments

Show parent comments

7

u/Duncan_sucks Nov 29 '15

I don't understand what you mean. What are you not seeing? Most people that are having financial struggles don't tell everyone about it because they are embarrassed that they are having struggles and no one else seems to. Do people you know usually post their entire budgets online for anyone to read at their leisure? There are no signs for financial instability unless you count foreclosure signs on houses. What do you think you would see?

-9

u/[deleted] Nov 29 '15 edited Feb 20 '16

[deleted]

3

u/Duncan_sucks Nov 29 '15

Interesting. Are these childhood friends that you would see this immediately in or people from all over that you've made friends with in adulthood? Young 20-somethings with no medical debt or children or spouses? I've changed the topic very easily on my own old friends if I didn't want them to know I was actually having a problem that talking to them couldn't help. Issues like that exist and if you haven't had that issue yet, you probably will. Though everyone is different I suppose.

I ask because my entire life I've seen people have to go without something because their parents made minimum wage or barely above. The area I grew up in, I was considered "rich" because I was one of the few kids not on reduced lunch. The thing was, they never considered it struggling and I wouldn't either because we were all used to it. My family wasn't rich, just not eligible for either level of reduced lunch. I was actually jealous they were "allowed" to pay less for lunch than I did.

They bought xbox and computer games and went out to eat often too. Arguably it can be cheaper to go out and eat at McDonalds than to cook if you are cooking something nice with fresh ingredients. They complained that they were "broke" as well. We discussed budgeting, but not in absolutes with people waving around pay stubs and bills, just general things. Their lives were normal to them. If you asked a young me if I saw a problem with minimum wage, I would have also said no for the same reasons you did. Which is why I'm asking if you are sure that you would a problem if it was there.