Prices at fast food restaurants in California are set to jump in April as huge minimum wage hikes kick in. Escalating restaurant prices won’t be limited to California. Expect to Pay More
California already has some of the highest fast food prices in the nation. Expect to pay still more, and not just in California.
The Wall Street Journal notes Burritos and Big Macs to Cost More in California as Pay Rises Minimum wage for California fast-food workers is set to rise to $20 an hour in April, a 25% increase from the state’s broader $16 minimum wage. Restaurants including McDonald’s, Chipotle, Jack in the Box and others say they will raise menu prices in California in response, with some McDonald’s franchisees estimating hundreds of thousands of dollars per restaurant in added labor costs.
“Everyone is going to have to pay more,” said Jack Hartung, chief financial officer of California-based Chipotle […]
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