targeting the fast food industry and demanding a $15 an hour base wage via protests outside 100 restaurants nationwide.
While the intent of the action (to improve the lives and living standard of the unskilled, working poor) is praiseworthy, the outcome of such a move would actually backfire and result in all sort of unintended and unwanted consequences.
As my co-host Jeff Macke and I discuss in the attached video, there are at least three key reasons raising the minimum wage for the men and women who take our food orders, cook our burgers and fries, and mop the floors in thousands of different establishments, simply won’t work.
1) Paying $15 an Hour Would Actually REDUCE Fast Food Jobs
It’s estimated that more than four million people work in the fast food industry in the U.S., with a median wage of $8.69 an hour for what are overwhelmingly part-time jobs that have extremely high turnover rates. By calling on one industry, within a