Comment on McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

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Artisian@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

Ummm… Isn’t this already true of McDonald’s? They aren’t at $18 an hour everywhere, but I believe the average is $15+ for starting salaries. I would guess they’ve hired anyone for anything successfully at minimum wage.

This isn’t generosity; several market forces push fast food in this direction. In fact, it makes a lot of sense for this CEO to lobby for it. It will cost competition more than it will cost them.

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