If wages go up, do fast-food prices have to go up too?

Nov 15, 2023
In California, the minimum wage is rising to $20 an hour. Could execs, stockholders and franchisees share the costs?
The price of a Big Mac stood at $5.58 in June, according to The Economist's Big Mac index. It was $5.15 a year earlier. But workers have a beef.
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California's $20 minimum wage for fast-food workers is actually a compromise

Oct 2, 2023
Despite one of the highest minimum wages in the country for fast-food workers, fast-food companies still clocked some wins.
California has enacted legislation that will bump fast-food workers’ pay to a minimum of $20 an hour starting next year.
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