Study Shows $15 Fast Food Wages Would Result in 4.3 Percent Price Hike
That burger and fries could soon cost you more.
A $15 minimum wage hike would certainly have a positive effect on the lives of fast food workers, but what could it mean for everyone else? A new study by Purdue University says such a wage increase would lead to a “4.3 percent increase in prices” for fast food restaurants.
The study by the university’s School of Hospitality and Tourism Management supports a recent independent analysis by an investor group which claimed a minimum wage hike would “eat into restaurants’ profits,” with casual dining chains being hit the hardest.
The effect is already being…