MCD's problem here is not the increased labor cost- that's peanuts. The problem is the customer's realization that this the world's cheapest food served by unhappy people. They better settle this fast or sales will drop
A good chunk of their customers are minimum wagers, they don't have the money to buy McDonalds. Keeping wages artificially low cuts both ways just like the FED is keeping interest rates artificially low. At some point it's going to come back and bite them.
As a devout Socialist, u don't like Gov. Walker, do you? You also must hate the stock market, I mean as a devout Socialist. Stock market is dead against the notion of dividing up things according to "neeeeed". This is a fast food company which sells food for profit. The media which has morphed mostly into a pure, social agenda driven political propaganda machine, works by broadcasting pure guilt to the socially conscious who react by joining the social religion. Climate junk religion. Race religion. Communist religion where we just HAVE to end Capitalism. They create little talking point robots who have been programmed to spout and not listen. No need for new info, it has been decided. No debate. Edict down policy to the guilt ridden who feel an immediate need to "change things". And, they do not really know why. Very conflicted angst among them.