I'll tell you a little secret tho - McDonalds makes almost nothing on their food - most of their profit comes from fries and soft drinks.
15+ years ago my mom was actually a corporate accountant for McDonalds, and at the time I had interest in accounting so me and my mother had a lot of good conversations about the corporation.
Also, you have to remember McDonalds is a franchisee restaurant and some do better than others.
However yes, the cost of overhead will be reflected in the cost of product.
Raising the minimum wage to 10.10 an hour will kill numerous businesses - that, or places of business that primarily hire minimum wage workers will drastically cut back just to keep their businesses afloat.
Another aspect such a nonsense 10.10 hour minimum wage will do is increase the amount of "illegal labor."
Obama obviously has no idea how a business is run or even how our economy works.... He just panders to his voting base - as if his voting base have any idea how a business or the economy works.
The only fair way to assess minimum wage is through studying regional economics and the standard of living in those regions - but Obama is not that smart.