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If McDonald's could raise prices by $0.68 and be able to afford doubling everyone's wages, they would have done this long ago without raising anyone's pay. Corporate would make more money, franchisees would make more money and shareholders would make more money.
Could it be, that the author of the article making these claims has not been informed of simple supply and demand laws? When the prices of goods increases, the demanded quantity decreases.
Past that, the idea that McDonalds employee wage boost would help the economy is a fallacy. Money in the private sector has the same net effect regardless of where it is. Economies are driven by savings, investment and production. Not consumer spending. They represent a fraction of a fraction of a percent of the workforce. Suggesting they can stimulate the economy better than one of their customers is bizarre.
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