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

[StrongBad]

40. Wrong.

See the numbers and calculations I laid out elsewhere in this thread. A mere 64 cent increase in wages per worker completely eliminates all their profit margin. These are real numbers from their public financial statements.

So, in order to accommodate an increase to $15, the company would either have to layoff a lot of workers or increase their prices substantially.

And if a business thinks they can get away with having fewer workers do the same amount of work in order to keep prices low, they will do that because having low prices will attract customers from competition.

Please feel free to calculate for me using real world numbers from their public financial statements how a .64 increase per hour per worker does not erase profit margin.

Heck, I'll lay it out for you again:

The company profits around 216 million per year. Let's say we want to erase all profits and distribute them equally to all 160K employees.

Divide 216 mill by 160K and you get $1,350 extra per worker per year.

Break that down to a per hour basis (52 weeks * 40 hours per week = 2,080 hours)

$1,350/2080 = .658

Ok, so maybe it would be an extra 65 or 66 cents per hour. Either away the point still stands.