In recent times much has been said about increasing the minimum wage. The conservative talking mouths have loudly proclaimed that doing such would be a job killer. Well, in spite of what all the Fox News hired guns say, there is a growing body of evidence that money can still be made while treating employees decently.
Here’s an example of a Detroit hamburger restaurant, Moo Cluck Moo, that pays every employee a minimum of $31,000 a year while selling burgers for less than McDonald’s gets for its Big Mac. Oh, and they’re making a nice profit in the bargain. Forbe’s magazine recently reported that if the minimum wage was raised to $15 an hour the cost of a Big Mac would increase by an insignificant sum. Another economist argued there would be no increase because the Big D would have to stay competitive.
Whatever the truth there is no question that corporate profits are at all time highs while working people’s incomes are on a roller coaster to hell.
To read the Moo Cluck Moo story click HERE.