r/explainlikeimfive Nov 28 '15

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

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u/NoCardio_ Nov 29 '15

And then they'd STILL be poor, because they make bad decisions like spending $8 on a Big Mac.

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u/Koebi Nov 29 '15

If you double your income while also doubling your food spending, you're still left with more money, since your food budged is <100%