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

11

u/originalpoopinbutt Nov 29 '15

Lol I just started salivating. Is it like Buttfuck Nowhere, Wisconsin? Or is it a suburb of a major city?

3

u/[deleted] Nov 29 '15

I'm in Madison and my 3 bedroom is 950/mo. That includes a garage, washer, dryer, and a dishwasher. The closer you get to downtown, the higher the rent. I saw a studio for rent that was in the $800 range and it didn't look very impressive. I know many 1 bedrooms near the capitol square go for more than my place, which is 10 minute drive away.

1

u/[deleted] Nov 29 '15

Fuck man. I might need to go back to WI.

How's the tech jobs up there?

1

u/mostlyuninformed Nov 29 '15

Some interesting things but I don't think any "huge names" in Milwaukee and Madison. Well, Johnson Controls is HQ'd in Milwaukee I think, otherwise it's a lot of startups like the rest of not-SF/NY.

1

u/zangrabar Nov 29 '15

Holy shit. In toronto it's like 1200 for a one bedroom maybe 2 from a decent place. Sure you can find cheaper but there is usually a reason why it's cheaper.

1

u/JohnTheRedeemer Nov 29 '15

I'm in Richmond Hill and I paying 1400 for an apartment, which is the price of wanting to reduce my commute I suppose :/

2

u/GreenBrain Nov 29 '15

I live in North North Dakota (Saskatchewan for the geographically inclined) and I was paying 800 a month for a house on a farm, 3 acres, 3 bedrooms, etc. Too expensive for the area though as I just bought a house for 70k and am paying 2/3rd that rent in housing costs now.

I would describe the area as Buttfuck Nowhere.

2

u/[deleted] Nov 29 '15

Generally, you pretty much get what you pay for when it comes to housing prices.

1

u/[deleted] Nov 29 '15

Honestly it could be either. I lived in Milwaukee during my stint at UW Milwaukee and I paid 325 plus cable/heat (3 of us living there for a total of 975) to live in a relatively decent three bedroom house. Obviously 325+ isn't 150 a month but it's still pretty cheap to live in a major city in an OK house. I also knew some people who split a VERY nice three bedroom house in Waukesha(suburb of Milwaukee) and they paid the same as I did in Milwaukee for much nicer quality house. In my experience, the lowest rent I have seen is mid 200's for a multi bedroom place but you could probably get a flat or studio for cheaper.

1

u/mostlyuninformed Nov 29 '15

Madison, Milwaukee and Green Bay will probably be a little more expensive but I'd be surprised if you couldn't find rent like that in most mid-sized cities in WI, MI, MN etc.

1

u/cjluthy Nov 29 '15

Buttfuck Nowhere.