Given that a new McD's franchise cost 1.3 - 2.3 million dollars, this was always crocodile tears. They tend to be so profitable that people will invest and / or borrow millions of dollars in order to own one, meaning that the return is higher than whatever they were doing to reach that financial level.
>... >While the national minimum wage did rise roughly in step with productivity growth from its inception in 1938 until 1968, in the more than five decades since then, it has not even kept pace with inflation. However, if the minimum wage did rise in step with productivity growth since 1968 it would be over $24 an hour today, as shown in the Figure below. >...