Bernie Sanders pushed hard for a $15 minimum wage. While trying to get the vote of low skilled voters, this was something Bernie Sanders was pushing. As a result, McDonald’s introduces the $15 an hour fast food workers replacement.
— BostonTweet (@BostonTweet) January 24, 2017
Forbes gives some of their thoughts on the $15 minimum wage.
I worked for the company for three decades, and served as its USA President for 13 years. I can assure you that a $15 minimum wage won’t spell the end of the brand. However it will mean wiping out thousands of entry-level opportunities for people without many other options.
If you force companies to pay someone more than they are worth, they will find alternate ways to cut costs and stay profitable.
McDonald’s isn’t the only company looking at these types of options. Per ZeroHedge: