Fast Food Nation

Fast Food Nation

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Unformatted text preview: he real value of the U.S. minimum wage: See Krueger, Myth and Measurement, p. 6. In the late 1990s, the real value: Cited in Aaron Bernstein, “A Perfect Time to Raise the Minimum Wage,” Business Week, May 17, 1999. a federal guest worker program: See Jerd Smith, “Undocumented Workers Enliven State’s Economy, But at What Costs to Other Residents and Agencies?” Rocky Mountain News, April 18, 1999. a 1997 survey in Nation’s Restaurant News: Alan Liddle, “Demand Fuels Salary, Bonus Surge; Wages Still Lag,” Nation’s Restaurant News, August 18, 1997. Increasing the federal minimum wage by a dollar: According to economists Chinkook Lee and Brian O’Roark, every fifty cent increase in the minimum wage leads to a 1 percent price increase at restaurants. A McDonald’s hamburger costs 99 cents; a 2 percent increase in price is about 2 cents. See Lee and O’Roark, “Impact of Minimum Wage Increases.” Roughly 90 percent of the nation’s fast food workers: Of the roughly fifty to sixty employees at a a typical McDonald’s, only four or five are full-time, salaried...
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This note was uploaded on 02/25/2014 for the course MGMT 120 taught by Professor Litt during the Spring '08 term at UCLA.

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