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?
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