Joined: 07-20-2020 Posts: 8,979
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LEFTY economics has consequences. Burger King, In-N-Out, and Others Raise Prices Significantly 2 Days After California’s $20 Minimum Wage Kicks Inby Samuel Short, The Western Journal Apr. 4, 2024 7:00 am Quote:Californians are getting a lesson in economics courtesy of the state’s new minimum wage law.
A new law, taking effect this past Monday, created a minimum wage for fast-food workers of $20 an hour.
The New York Post reported that many chains in the state have already increased their prices to deal with the new wage.
Which chains are affected by the new wage?
The Post reported, “The law applies to restaurants offering limited or no table service and which are part of a national chain with at least 60 establishments nationwide.”
The old minimum wage for these restaurants was $16 an hour per state law. With an increase of $4, the Post found several chains have increased menu items to offset that.
The Texas Double Whopper meal at Burger King went from $15.09 on March 29 to $16.89 by April 1. The Big Fish Meal went up from $7.49 to $11.49, with other items on the menu going up by 25 cents to $1.
In-N-Out Burger saw burgers go up 25 cents and soft drinks by a nickel. Hart House, owned by actor and comedian Kevin Hart, increased all milkshake prices regardless of size by a dollar, sandwiches by 50 cents, and large fries by $1.10 going from $4.49 to $5.99.
While Chick-fil-A, McDonald’s, and Wendy’s haven’t seen price increases, one would have to imagine they are on the way.
More...
https://www.thegatewaypundit.com/2024/04/burger-king-n-others-raise-prices-significantly-2/
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