Would Wage Hike Mean a Pricier Big Mac or Whopper?August 28, 2013 – In The News
Mark Tabakman was featured in the MSN article “Would Wage Hike Mean a Pricier Big Mac or Whopper?" While the full text can be found in the August 28, 2013, article from MSN, a synopsis is noted below.
Fast-food workers from across the nation are unsatisfied with the current minimum wage and demanding pay raises. Employees from major chains such as McDonald’s, Wendy’s, Taco Bell and Burger King would like to increase their pay to $15 per hour – more than double the minimum wage of $7.25.
These demands have left consumers wondering what impact a pay raise would have on the price of fast-food.
Mark Tabakman, a labor and employment lawyer, responded to MSN news regarding this situation and said that the companies are more likely to lay off employees rather than raise prices.
“I have not seen, in my experience negotiating labor contracts, a direct correlation between wage increases and cost of product increases passed on to consumers,” Tabakman said.