Ooohhh, I read Huffington Post on AOL about how Obama's speech caused Mickey D's stock to tumble. Wow, a whole 1.16 percent...... what a joke HP reporting has become. Obviously, a rise of minimum wage won't cripple MCD according to Wall-Street.
Actually, it has a snow ball chance of passing Congress. Thank Goodness. However, I was hoping the fear of it would drop the stock price lower. I already own MCD and would like the opportunity to pick up some more shares at a lower price. Until then, I'll be happy just buying more with my dividend reinvestment. So I'm a hold at this price. I'm hoping to pick some more up around $88 a share.
Even if it does go up MCD has over 1/2 of its revenue coming outside of the U.S. so I would imagine MCD will do just fine.
Technical it won’t have much of an effect on MCD, they will factor it into their prices which will hit the consumer.
The Government comes out good because they will be collecting more taxes;
This will affect all minimum wages paying companies the same and in most cases MCD is more on top of it than other fast food companies.
No. It will have almost no effect on MCD because burger-flipping at McD pays more than minimum wage.
Other facts you seem to be ignoring:
1. Washington State already has a minimum wage higher than $9/hr (it's $9.19) and McD is still doing OK there,
2. The Federal minimum wage of $9 doesn't take effect until the end of 2015.