Small businesses will have to juggle payroll and prices, big business can afford the initial costs to automate many of the minimum wage jobs. The displaced workers will be the next problem our elected Masters of Wisdom will have to deal with after the blame has been properly deflected.
I should have been listening to you back when I bought MCD for $3.00 per share, (corrected for dividents). I would not have to pay taxes on the pesky dividents!!!
There is little upside potential but when the bear market comes, MCD will drop to below $66 or even lower. It is a good bet to short. The P/E is ridiculous for such a mature company.
Sentiment: Strong Sell