Tuesday, August 4, 2015

The Cost of a Living Wage

"A new study explores what kind of sacrifice it would take to help some of the country's lowest paid workers. The answer? Not much."

Read the Washington Post, What paying fast food workers a living wage would do to the price of a Big Mac.

Read also, the Washington Post, Americans are spending $153 billion a year to subsidize McDonald’s and Wal-Mart’s low wage workers.

And watch Slate, Would Walmart’s Prices Spike if They Paid Their Employees More?:

So how much would prices rise if workers were paid a living wage?

At Walmart, 1.4%.  And that Big Mac would cost .17 cent more.