[Sir Napsalot]

Please don't take this lightly, or think and argue like sane persons.

Think Progress came up with the "An extra 68 cents per Big Mac at McDonald's will double the wages and benefits for all its workers including the manager." calculation. ..... "according to a new report by the University of Kansas."(source)

How can we not solve the dire economic plights of these poor people by a simple 68 cents?

////

[silverleaf]

because these idealist idiots think McD can raise the price of burgers by a “mere” $.68 (not to mention raising the prices of the other food items) and still sell the same number of hamburgers

That’s not how Econ 101 works. For every penny the price goes up, some number of sales goes down. Certainly McD has this figured out

If you haven’t been patronizing these business as often as my family (2 teenagers) you might not have noticed how much business has already fallen. I know we skip it a lot this summer since taking 3 of us there now costs over $25 for “fast food”, and the parking lot and drive through are usually looking very empty

[Sir Napsalot]

So I finally tracked down the report by "Univ of Kansas research assistant Arnobio Morelix" on HuffPo (where I usually don't go). That was not research, it was shoddy reporting by an undergraduate student and HuffPo, then picked up by Leftists and spread like wildfire.

(excerpt) "Morelix looked at McDonald's 2012 annual report and discovered that only 17.1 percent of the fast-food giant's revenue goes toward salaries and benefits.....Thus, if McDonald's executives wanted to double the salaries of all of its employees and keep profits and other expenses the same, it would need to increase prices by just 17 cents per dollar, according to Morelix. " (end excerpt) Genius calculations, there!

Do other in-kind businesses spend 17.1% of their revenue towards salaries and benefits? What is the highest percentage spent on employee's salaries and benefits, in what industry?