re: I’m convinced Bernie Sanders does not grasp the idea of profit margins

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None of that shows he doesn’t understand profit.

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It shows he doesn't even understand basic economic facts.

E.g.,

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But tens of millions of workers don’t know that, because they’re working longer hours for low wages,”

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In a supply-and-demand economy where there are 1.3million more job openings than there are unemployed Americans, Sanders statement is bizarre.

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None of that shows he doesn’t understand profit.

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Bernie Sanders @BernieSanders
In my view, if McDonald’s has enough money to buy back $22 billion of its own stock, it damn well has enough money to pay all of its workers at least $15 an hour.

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From 2014 to 2016 McDonald’s spent $20.5 billion on buybacks at a costbasis of ~$98/share. In 2016, revenue had dropped several years running, income was flatlining, and long-term debt had risen dramatically, approaching $26 billion.

Since that point, McDonald's $20.5Bn investment grew >100% in value to $199/share. PPS grew because management knew far better than Bernie what was good for the company.

In terms of profit, Bernie hasn't a goddamned clue MCD cleared >$21Bn vis-a-vis that buyback. If market forces dictate higher wages, MCD will have to pay them. However, paying more than market without a commensurate ROI is a breach of fiduciary duty.