Read More: Apple Retail Employees Sue for Unpaid Wagesĭanya Proud, a spokeswoman for McDonald's, said Morelix's analysis "is purely speculatory and not something that we are in a position to comment on."Īnother estimate suggests the price of a Big Mac would jump 5 cents, or 1 percent, if the minimum wage was raised to $10.50, according to a letter signed by 100 economists in favor of raising the U.S. Morelix could not be reached for comment. A Big Mac meal would jump to $6.66 from $5.69, and McDonald's Dollar Menu would go to $1.17, Forbes reported. He estimated that paying workers $15 an hour could raise the price of a Big Mac to $4.67 from $3.99, as first reported by the Huffington Post. Morelix created financial models based on McDonald's annual reports and investor data. As fast-food workers strike and protest in seven cities across the country this week for higher pay, one estimate suggests that raising the minimum wage from $7.25 to $15 an hour could increase the cost of a Big Mac by 68 cents.Įconomists have long debated the economic effects of raising the minimum wage, but Arnobio Morelix, an undergraduate student at the University of Kansas School of Business, estimated how increasing pay to $15 an hour would affect prices at the most popular fast-food restaurant in the country, McDonald's.
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