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?

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Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.