$250,000,000 / 150,000 / 52 / 40 ~= $0.812
And, based on the statement, not all of that $250m is going towards raises.
$1 an hour is not peanuts for minimum-wage employees, but it's not a life changing amount either.
Who said it would be? Who thinks that min wage workers should all of a sudden make $75k / year?
$250,000,000 / 150,000 / 52 / 40 ~= $0.812
And, based on the statement, not all of that $250m is going towards raises.
$1 an hour is not peanuts for minimum-wage employees, but it's not a life changing amount either.