Cost of a Big Mac

If you scan the headlines you may have noticed several about disgruntled fast-food workers. Mainly they are not happy about the hourly wage rate. There is also a debate in congress over raising the minimum wage from its current $7.25 to something exceeding $9.00. I came across a neat widget this morning that demonstrates the potential effects of raising the price of a Big Mac on wages paid to McDonald employers. Scan down the article (or read down the article) and you’ll find a box where you can enter how much you’d be willing to pay extra for a Big Mac. This will result in data appearing that reports the positive effect it could have on earnings. CLICK HERE!

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