TeamDML offers insights, opinions, podcasts, videos and other forms of content intended to educate and better explain trending news that is made available to the public by third parties. In this particular case, we refer to an excerpt from NYPost.com:
Menu prices at fast food chains across California have increased, as a new law went into effect requiring them to pay a $20-an-hour minimum wage to workers from Monday.
The Post checked menus at several restaurants in the Los Angeles area to see if the costs are already being passed onto consumers — with mixed results.
The biggest leap on was at a Burger King, where a Texas Double Whopper meal cost $15.09 on March 29, but surged to $16.89 on April 1, a price whopping increase of $1.80 for the same meal.
Even worse was the Big Fish meal, which skyrocketed from $7.49 to $11.49.
Another fast food chain, Hart House, founded by actor Kevin Hart, increased their prices up to 25%. After the new minimum wage law went into effect, the price of a large fries jumped from $4.49 to $5.99, and milkshakes increased by $1.00.
California’s new $20/hour minimum wage for the fast food industry hits workers and small business owners the hardest.
McDonald’s, Chipotle, and Starbucks say they plan to raise prices to offset the rising labor costs and Pizza Hut cut 1,200 delivery drivers. pic.twitter.com/Ij4gXE4TRK
— Republican National Committee Research (@Republican National CommitteeResearch) April 2, 2024
WATCH the following interview with a Los Angeles restaurant owner Angela Marsden:
Leading fast-food restaurants increased prices by about 60% between 2014 and 2024. Data shows the average price of a McDouble increased from $1.19 in 2014 to $3.19 currently. A medium fry has gone up from $1.59 to $3.79. https://t.co/QtIGFIZeZ7
— ABC15 Arizona (@abc15) April 2, 2024
To get more information about this article, please visit NYPost.com. To weigh in, leave a comment below.
The post CONSEQUENCES: California’s $20 fast food minimum wage balloons menu prices [VIDEO] appeared first on Dennis Michael Lynch.
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