The study is talking about overall numbers of jobs, not specific companies. Get fired from McDonalds closing a location, get a job with higher pay somewhere else that’s paying the new minimum wage, is a net zero result.
McDonalds is gutted that their 2024 earnings are on track for only a 5% increase over 2023, which saw a 10% gross profit increase for the year.
Remember when there was a “shoplifting crime wave” that it turned out was just profits were down so they had to blame something?
The study is talking about overall numbers of jobs, not specific companies. Get fired from McDonalds closing a location, get a job with higher pay somewhere else that’s paying the new minimum wage, is a net zero result.
McDonalds is gutted that their 2024 earnings are on track for only a 5% increase over 2023, which saw a 10% gross profit increase for the year.
Remember when there was a “shoplifting crime wave” that it turned out was just profits were down so they had to blame something?