updated - September 18, 2021 Saturday EDT
McDonald's recently came under fire after a monthly budget for its employees appeared online which offered unrealistic living guidelines. The report left McDonald's employees upset while some have taken to calculate how much employees would need to earn in order to make a more comfortable salary.
Arnobio Morelix, a student at the University of Kansas School of Business, did some financial modeling based on McDonald's annual reports and data sets submitted to investors.
If McDonald's workers were paid the $15 they're demanding, the cost of a Big Mac would go up 68 cents, from its current price of $3.99 to $4.67.
A Big Mac meal would cost $6.66 rather than $5.69, and the chain's famous Dollar Menu would go for $1.17.
"Some folks online are complaining they will not pay $2 for their Dollar Menu, but the truth is that even if McDonald's doubled salaries the price hike would not be 100%," Morelix said. "I will be happy to pay 17 cents more for my Dollar Menu so that fast food workers can have a living wage, and I believe people deserve to know that price hikes would not be as high as it is often portrayed."
Meanwhile, University of Kansas School of Business economics professor George Bittlingmayer called Morelix's model "a little bit of a leap of faith."
TOP 10 FRANCHISES OF 2021