McDonald’s former CEO says the minimum wage needs adjustment

Updated

Low wage workers have been taking part in strikes all over the country to demand a living wage. The latest action–a group of Walmart workers in D.C. –ended with police issuing tickets to the protesters. But workers are showing no signs of stopping and companies are not conceding. Stalemate?

On Friday’s All In, Chris Hayes asked Former McDonald’s president and CEO Ed Rensi why the company cannot afford to pay its workers a living wage.

“You might be surprised to know that I actually think the minimum wage needs to be adjusted and needs to be indexed in some fashion that makes sense,” said Rensi. “It should be adjusted over time for inflation.”

Minimum wage should be adjusted. But to what? Rensi refused to say, but did offer this: “If they live in Hollywood, California, probably ought to be 12 bucks. if they live in Canton, Ohio, it ought to be 9.”

Watch the full segment above

McDonald's former CEO says the minimum wage needs adjustment

Updated