Webwhen the minimum wage goes up, where does the extra pay for workers come from?
Princeton economist orley ashenfelter turned to mcdonald's to look for.
Webthey obtained data on hourly wage rates of mcdonald's basic crew employees, the prices of big macs and other information from about 10,000 mcdonald's.
Weboverall, the economists found that if the minimum wage goes up by 10%, the average mcdonald's restaurant will increase worker wages by about 7%.
Finally and perhaps most thought provokingly,.
Their demonstration kicked off a massive.
Weba princeton economist looked at the impacts of wage increases over five years at u. s.
President joe biden and.