California $20 fast food minimum wage slams In-N-Out and all Golden Staters
NY Post
California’s fast food minimum wage law bloodbath continues, with low-cost burger empire In-N-Out forced to jack up prices.
In Los Angeles, prices on the chain’s famed double-double burger combo are up almost 7% over last year, jumping $.76 to $11.44; San Francisco has seen the same combo hit $13.63.
And while there’s plenty of price hiking going on — Chik-fil-A prices jumped almost 11% between mid-February and mid-April, while Taco Bell prices have shot up by 3% — there’s beaucoup job-cutting, too.
One local chain, fish taco palace Rubio’s California Grill, shuttered 48 locations in May and filed for bankruptcy in June.
And big guys are making the same move, like Pizza Hut.
The ugly total? Almost 10,000 gigs gone already, per a Hoover Institution analysis.