How California fast food restaurants raised menu prices in response to $20 minimum wage
NY Post
California-based fast food restaurants have hiked the price of menu items by as much as 8% in response to the $20-an-hour minimum wage law that went into effect April 1, according to a report.
Wendy’s raised its menu prices by around 8% while Chipotle Mexican Grill hiked its prices by approximately 7.5%, according to a report by Kalinowski Equity Research.
Starbucks, the Seattle-based coffee chain, raised the prices of its menu items at its California locations by around 7%, while Taco Bell hiked its prices 3%, the report found.
Burger King raised its menu prices by 2%.
Kalinowski Equity Research did a comparison of prices at 25 restaurants for each chain.
It also did a side-by-side comparison of where prices stood as of Feb. 15 and April 2 at 25 Burger King locations throughout the state.