Most fast food workers in California would get a $20 minimum wage next year — a nearly $5 per hour raise — under a deal announced Monday between labor unions and the industry that will avoid a costly referendum on the November 2024 ballot.
95% of McDonald’s are franchised. Virtually all of the people you will ever see at a McDonald’s really work for “John Doe’s Eastern McDonald’s Franchises #2 LLC” and are therefore not counted.
McDonald’s has around 200k employees. In your analysis, you assume they have 520k. And that’s assuming they all work in the branches, which is silly.
Buy based just on your numbers, adjusting for actual employees, the increase would be less than a dollar.
95% of McDonald’s are franchised. Virtually all of the people you will ever see at a McDonald’s really work for “John Doe’s Eastern McDonald’s Franchises #2 LLC” and are therefore not counted.
More than 1.7 million people work at McDonald’s.
That’s a really good point. Hadn’t thought of that at all.