John Phillips: California’s fast food follies
On April 1st, California’s brand new $20-an-hour minimum wage for fast food workers took effect, and surprise surprise fast food chains are jacking up their menu prices across the board.
According to data from Kalinowski Equity Research and cited in The New York Post, Wendy’s has hiked prices by roughly 8 percent, while Chipotle raised theirs by 7.5 percent, Starbucks went up by about 7 percent, Taco Bell by 3 percent, and Burger King increased theirs by 2 percent, the report found.
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