SHAK - California Restaurants Dish Out Price Hikes: Menu Costs Reportedly Surge Amid Minimum Wage Increase | Benzinga
Restaurants across California are reportedly implementing menu price hikes following the state’s increase in minimum wage for fast-food workers.
This surge in prices has been observed at various fast-food and fast-casual chains throughout the Golden State, outpacing other regions, according to a report from the WSJ, which cited market research firm Datassential.
Since September, when California mandated large fast-food chains to elevate their minimum hourly pay to $20 by April, restaurants statewide have collectively increased prices by 10%.
Notably, this increment surpassed the price adjustments ...