If the minimum wage were increased to $15 an hour, prices at fast food restaurants would rise by an estimated 4.3 percent, according to a new study. That would mean a McDonalds Big Mac, which currently goes for $3.99, would cost about 17 cents more, or $4.16.
The study from Purdue Universitys School of Hospitality and Tourism Management also found that in order to compensate for the higher cost of employee compensation at limited-service restaurants, or those without table service or tipping, if they decided to change food sizes rather than prices, the Big Mac would shrink somewhere between 12 and 70 percent.
http://thinkprogress.org/economy/2015/08/03/3687171/15-minimum-wage-big-mac/Yepper - a whole bank account busting $.17 more for a Big Mac. Kinda sets your hair on fire, doesn't it?
Not only has that been debunked, I believe some of that debunking was done on this forum. But maybe you can explain how almost doubling the cost of 1/3 of your business expenses leads to a mere 4.3% increase in product costs?