Protesters will be taking to the streets Thursday demanding McDonald's and other fast food restaurants raise their wages to $15/hour. But for McDonald's that may be the least of their worries right now.
Protesters are planning on taking to the streets in 100 cities Thursday demanding fast food restaurants pay employees $15 per hour. Fast Food Forward, an organization funded by the Service Employees International Union (SEIU), is picketing many popular restaurants but they are particularly keen about going after the largest of them all, McDonald's.
Of the 14,000 McDonald's restaurants bearing the golden arches logo in the US, only about 1,500 are actually company owned. The rest are owned several thousand smaller franchisees.
(Watch: Fast food workers & a living wage)
If were McDonald's were to decide to have all of its employees – and those of its franchisees – raise hour wages to $15, it will do so by phasing out entire jobs altogether, according to CNBC contributor Gina Sanchez,Read More »from McDonald’s has bigger problems than $15/hour wages