Minimum wage hikes are costly in CA

task0778

Diamond Member
Mar 10, 2017
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In-N-Out is beefing up its notoriously cheap prices to keep up with California’s new $20 state minimum wage at fast food restaurants.

In Los Angeles County, a double-double burger combo at the low-cost burger chains now goes for $11.44 — a $0.76 increase from last year, KTLA reported.

In San Francisco’s tourist-heavy Fisherman’s Wharf location, a double-double burger coupled with french fries and drink costs $13.63 after taxes.

Fast-food restaurants across the Golden State slashed nearly 10,000 jobs since the the law went into effect in April.

An In-N-Out spokesperson confirmed that the price jumps are directly related to the $20 minimum wage hike that went into effect in April.

Fast-food restaurants across the Golden State have since slashed nearly 10,000 jobs, according to the California Business and Industrial Alliance.

Rubio’s California Grill, known for its fish tacos, closed 48 of its nearly 134 locations at the end of May – before filing for bankruptcy in June.

Beverages at Starbucks stores in California were 50 cents more expensive after April 1, while Taco Bell raised menu prices by 3%.




The truth is that raising wages helps some people but at the expense of others who lose their jobs or work fewer hours. And the service that once was fast is no longer as fast cuz there are fewer people working. The lefties can pat themselves on the back all they want for raising the M-Wage, but they are hurting more people than they are helping, cuz a lot of those higher wage hikes are offset by less benefits and fewer hours worked. And some businesses are shutting down, which doesn't help anybody and reduces your gov't revenue.
 
A fair and equitable capitalist system can adjust to fair wage increases.
Greedy capitalism doesn't work because it doesn't care about the demand side.
 

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