Dunkin Donut CEO Who Makes $4,887 an Hour Outraged at $15 Minimum Wage

[StrongBad]

20. Please explain your math.

EDIT: Sorry, I thought you wrote $1.87 dollars per hour increase, ignore calculations below as we agree but my point about legislating these outcomes still stands as being problematic. Even if we were to be extreme and legislate that it's illegal for Dunkin Donuts to make any profit whatsoever, it translates to a mere 64 cents per hour per worker (approximated).

I was actually being conservative estimating the employees at around the 160K mark.

But let's use your figure of 260,000.

CEO earns 10 million per year, divide all of that by 260,000 and you get $38.46 additional earned per employee per year.

Break that down into hours worked (52 weeks * 40 hours per week) = 2080 hours worked per employee per year

Final per hour calculation ($38.46/2080) = approx 1.84 cents per hour increase in wage.

Regarding raising the price of their goods, don't you think it's unethical to mandate how a private business should charge for their service? Where does that slippery slope end?

But, let's go ahead and legislate that because Dunkin Donuts are a bunch of assholes, they can't make any profit whatsoever.

The company currently profits around 216 million per year. Divide that by all employees (let's go back to my conservative estimate of 160K) and you get a 64 cent per hour increase per worker.

Should we legislate that Dunkin Donuts must give all profits to wages to give workers an extra .64 per hour?

Perhaps we should legislate that all Americans must buy a certain quota of Dunkin Donuts daily in order to increase their revenue?