Birdwatch Note Rating
2023-02-06 22:45:25 UTC - HELPFUL
Rated by Participant: 85AC7301D7E2CB8F5EDC78697F61303C5987A4FB7D54BF9B6B3397372A650DEB
Participant Details
Original Note:
McDonald's Corp Pres Joe Erlinger called California's AB257 bill "costly and job destroying." https://corporate.mcdonalds.com/corpmcd/our-stories/article/joe-erlinger-ab257-update.html McDonald's Corp owns only 7% of McDonald's locations. https://corporate.mcdonalds.com/corpmcd/franchising-overview.html#:~:text=Welcome%20to%20McDonald's%20Franchising&text=Approximately%2093%25%20Of%20McDonald's%20restaurants,by%20independent%20local%20business%20owners. Franchise owners set the pay of their crews. Avg franchise: $1.3-2.3 million in initial cost Avg profit: $150k/yr https://www.investopedia.com/articles/insights/072516/cost-buying-mcdonalds-franchise-mcd.asp#:~:text=Key%20Takeaways,cost%20upwards%20of%20%241%20million.
All Note Details