Former McDonalds CEO Warns Minimum Wage “Will Wipe Out 1000s Of Jobs”

Friday, April 29, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/29/2016

While this should be no surprise to any rational non-establishment-teet-suckling economist, former McDonalds’ CEO Ed Rensi exclaims, in a recent Forbes Op-Ed, that “a $15 minimum wage won’t spell the end of [fast-food brands]. However it will mean wiping out thousands of entry-level opportunities for people without many other options.” The $15 minimum wage demand, which translates to $30,000 a year for a full-time employee, is built upon a fundamental misunderstanding of a restaurant business (and we add simple supply and demand fundamentals) – just “do the math” Rensi rants…

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter