Do you like fast foods like McDonald’s Big Mac or KFC’s bucket of fried chicken? Well this past week employees of these and many other fast food chains around the country took to the streets with their pickets protesting for higher wages. They want $15 an hour and the right to form a union. The group Fast Food Forward organized this protest, incidentally this group is a branch of the SEIU (Service Employees International Union). It’s almost a foregone conclusion that the SEIU would love to add thousands of new members to its headcount. While higher wages for everyone sounds like a good idea, everyone needs to understand what this really means. Places like McDonald’s and Panera Bread are working to replace cashiers with touchscreen tablets as ordering kiosks. So while these employees could certainly take the day off to protest, they may not have a job to come back to. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins The Blaze TV with Wilkow to discuss why these fast food workers are striking or is it a con and what the implications for a raise.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
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Tags: Big Mac, chapwood investments, ed butowsky, KFC, mcdonald's, money, The Blaze TV, wealth manager, wilkow