• Blue Collar Muse
In the wake of comments on an earlier post, The Minimum Wage and Liberal Math, I thought to look at the results of raising the Minimum Wage at a real company.
I chose Dunkin’ Donuts, a company Liberals highlighted in a recent email campaign as only paying its workers the minimum wage of $7.25 an hour.
A web search for my Zip Code showed 6 stores, all open at least 16 hours daily. For the post I’m assuming 16 hour days per store and just 1 worker per 8 hour shift. The company website says there were 7015 US stores at the end of 2011.
The $2.85 hourly increase in question, $7.25 to $10.10, adds $45.60 to a store’s daily cost of business. Over 7015 stores, that’s $319,884 daily, $2.24M weekly and $116.76M a year.
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