By Hannah Rudder, NCL Intern
We were preparing a blog on the issue of McDonald’s workers forming a class to sue McDonald’s when we came across the fact that the fast food chain reported an increase in net income from the first quarter of 2015 to the first quarter of 2016 and attributed this increase to the minimum wage raise. McDonald’s CEO Steve Easterbrook cites lower employee turnover and higher customer satisfaction as a result of the higher wages. While raising the minimum wage has not helped every company increase profits, and organizations like the Chamber of Commerce argue it will lead to higher unemployment and a decrease in profits, McDonald’s shows that it has not hurt the company's bottom line. Based on the experience of McDonald’s, it appears that paying a living wage is good for the company, the economy, and the worker-and other large chains should follow suit.