On a rainy afternoon last week outside a suburban Chicago office complex, hundreds of fast food workers gathered with signs declaring “Resist Wage Theft” and ones depicting President Trump in Ronald McDonald make-up.
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The protestors – part of the “Fight for 15” movement – were demanding wage increases and union rights for workers as McDonald’s (NYSE:MCD) shareholders met inside the fast food giant’s headquarters for their annual meeting. McDonald’s was the target of the protest in Illinois, but demonstrations were held in cities across the country that day in support of raising the minimum wage for workers in low-paying job sectors ranging from restaurants to retail.
"Instead of paying their CEO $15 million, they should give him $10 million and pay their workers what’s right," said Terrance Wise, a 42-year-old McDonald’s employee from Kansas City.
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Despite the movement for a $15 minimum wage gaining a national following and the support of numerous Democratic lawmakers, many economists and business executives warn of the potential for a higher minimum wage doing more harm than good for workers as it could also lead to higher unemployment rates.
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