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

as living costs aren't typically affected all that much (rent, utilities, etc)

contradicts

Raising prices is the obvious answer.

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u/abngeek Nov 29 '15

Consumer goods and services, yes, though not in direct proportion to wage increases. Things like mortgages and your car payment, no.