That doesn’t mean raising the minimum wage had no negative consequences. Reich and his co-author, Denis Sosinsky, found that the higher minimum wage caused menu prices in California fast-food chains to rise by about 3.7 percent. That number is far lower than the “$20 Big Macs” that critics of the law warned of, but it’s still significant at a time when many consumers are deeply upset over the post-pandemic spike in food prices. Even so, Reich points out that this number pales in comparison with the 18 percent raise that the average fast-food worker received because of the new law. (The authors calculated that about 62 percent of the wage increase was absorbed through higher prices, while the rest was likely absorbed by a mix of reduced turnover and, crucially, lower profits for franchisees—hence the massive industry resistance.)
People complaining about fast food prices come across as entitled to me. How are you going to complain about underpaid staff making you a meal as quickly as possible when it’s not even healthy, nutritious nor good for the environment?
I just don’t understand why this is metric we measure things by. Are we that lazy that we can’t be bothered to make do without a burger sometimes?
Exactly, just don’t eat there.
then McDonalds goes under and nobody has a job!
…but.
How are we winning, people?
Apparently for some people in food deserts, it’s their only viable option. Fast food prices going up means cost of living increased.
Apparently for some people in food deserts, it’s their only viable option. Fast food prices going up means cost of living increased.