I think that the government is in the resteraunt business when it starts paying for the workers food and shelter. I think every business that cant stand on its two feet needs to go into bankruptcy, that is how this capitalism thing works. There are some noteworthy exception if the said business is in the national interest, then the government may invest (Obama and Detroit). You are forecasting an unrealistic reality. You cant just get people into higher paying jobs using education or training. People have to naturally transition into those things. I advocate for increased investment in training and education but to ignore the reality of the worker right at this moment is to me nonsensical and doesnt even answer the question in the OP
Unrealistic realities
Let's do a little math. OK, people keep talking about a living wage, living wage. $15/hr seems to be the agreed upon sum.
That's over half the country (as of 2012):
So you seem to be saying any company that can't pay all its employees at least a living wage has to go. Obviously this chart includes people who aren't working, but still. Explain to me how putting what is prob half the working US population out of work is a "realistic" solution, compared to equipping people with more skills and education to be qualified for better paying jobs.
Go through all of what? Renegotiating contracts to make it more favorable to their franchisees? That's the price of doing business. McDonald's renegotiates contracts all the times with its suppliers.
And back to my original point, why should McDonald's be allowed to subsidize their business off the backs of the rest of society? When McDonald's (and other multi national companies) don't pay their employees a fair wage, the burden gets put on people like me and you because we have to subsidize them via foodstaps and medicaid while McDonald's generate billions in profit.
I agree that McDonalds, Walmart etc etc shouldn't be able to subsidize their profits with govt benefits. And I know how fun it is to talk about how business owners should burn in hell and all that. But ultimately, decreeing that all businesses that can't profitably pay your arbitrary living wage shut down is not a realistic or productive solution. People need employment and employment requires profitable business. Current status quo is not acceptable but there has to be a transition to one that is that benefits all stakeholders, including the greedy ass evil business owners. Plus let's not pretend like business owners are the only ones benefitting... these govt benefits basically double these employees' paychecks.
Like I keep saying, the problem here isn't wages. It wasn't long ago where MW jobs were pretty much the exclusive domain of high school kids and other people who didn't need a living wage. The fact that we are trying to make jobs made for high schoolers pay at the level required to raise a family is the problem. Either US workers are underskilled or the US job market doesn't have enough good jobs. But an artificially high MW doesn't solve either of those problems.