for example, david newmark, economics professor at u.c. t( 5% reduction in employment.f massachusetts amherst who says if we dojf lpt a $15 an hour, it could push up fast food prices by 20%. and hurting thefájfiúsery low-i families. that a higher minimum wage ist( intended to help because they often frequent fast food places meal, lower costxd type of meal. what do you make of those studies, that contradicts what you're saying.e1 >> if foot fad workers' -- fast food workers' wages were raised to $15 ane1 hour, that would be absorbed through a variety of ways. part of that is higheri] prices higher prices. part of it would be absorbed through the savings from lower turnover. the cost of hiring new worker, á workers, unemployment insurance. and then some part of the cost could be absorbed through lower in the f!rç food industry to reduce those franchise fees because the fast food industry is incredibly profitable, $7 billion in profits in the last year. >> do you think they would actually do xdthat, though, low franchise fees? >> the question is how much consumer pressure