It’s no wonder fast food workers are desperate to fight for higher wages, but the raw truth of the situation is that a $15 / hour wage mandate would simply cause many fast food companies to close their doors and go out of business. There’s very little profit margin in the fast food industry, and businesses can’t simply raise their menu prices because “low cost food” is the primary reason why people buy fast food in the first place.
Amnesty will wipe out low-end jobs for most Americans.
But the real kicker here is that President Obama is on the verge of legalizing about five million illegal immigrants via executive order. This is apparently supposed to happen after the election, at which point Obama will sign a piece of paper and announce citizenship for five million immigrants who are currently in the country illegally.
This creates five million new legal workers who won’t demand $15 / hour. These previously-illegal workers have been toiling away at maybe $6 an hour, and they’ll be thrilled to take on a legal job at $8 / hour in fast food, especially when they now get some employee benefits as part of the deal.
What we are about to witness is a massive wave of worker displacement where newly-legalized workers will sweep in and take all the low-paying jobs currently held by the very same American fast food workers who currently believe they can protest in the streets and command $15 / hour. Source
Fast food protesters to be hit with massive job losses when Obama grants amnesty