Fast-Food Workers 24-Hour Strike Just the Beginning
Fast-Food Workers 24-Hour Strike Just the Beginning (New York Times)
Fast-food workers across the country — and across company lines — are rallying support for a one-day strike on Thursday, Dec. 5, in an attempt to raise the minimum wage to $15 an hour. With participation expected to include workers from McDonald’s, Wendy’s and a host of other chains, the number of strikers anticipated is much larger than the first effort of this type: the November 2012 strike in New York that only attracted some 200 workers. While a one-day strike really is no more than a publicity stunt, organizers point to the growth in numbers from last year as the real victory. And they’re eyeing bigger things down the road. However, as an investor, what do you think will happen to a fast-food company’s share price when it has to raise its minimum wage to $15 an hour from today’s $7.25?