Half a million California fast food workers will now earn $20 per hour

Re:Half a million California fast food workers will now earn... by dessimus on Tuesday April 02, 2024 @09:49PM (#39912813)

You have 500,000 employees working at 1250 McD, so an average of 400 actively employed workers per McD location?

I thought no one wanted to work anymore?!

[ Parent | on HN ]

Re:Half a million California fast food workers will now earn... by adamredwoods on Tuesday April 02, 2024 @10:19PM (#39912981)

Thanks for the correction! I read that poorly:

>> The new rate applies to restaurant chains with more than 60 nationwide locations.

So just with McDonalds, about 70,000 employees, but this includes managers [1].

[1] https://corporate.mcdonalds.com/corpmcd/our-stories/article/...

So net operations increase = 70,000w * US$4/h * 1560h/w = US$436,800,000

Which means a Big Mac, if the price absorbed the wage increase alone would need to go up net approximately $8.33. $8.33 * 115BM/d * 1250r * 365d = US$437,064,687

$8.33 + $5.19 = $13.52 for a Big Mac (again, prices could be spread more evenly).

[ Parent | on HN ]