Quote:
Originally Posted by DaneMcCloud
I disagree. I think people will still eat at McDonald's. Most people are too lazy to shop and cook.
It'll be like "Whatever".
|
I think people will still continue to eat fast food even with the prices going up. However, they might eat out a little less. I also believe that this won't hurt Mc's as much as it will hurt the smaller chains or the Mom and Pops, Mc's will raise prices some and take a little hit to earnings. But there are a lot of smaller franchisees that may not make enough to keep the doors open. If min wage goes to $15 per hour, I can guarantee restaurants will close. The profit margin is pretty small as it is.