The Briefing Room
General Category => Economy/Business => Topic started by: rangerrebew on September 05, 2014, 05:42:37 pm
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Here’s How the Price of Your Favorite Fast Food Would Change With a $15 Minimum Wage
Melissa Quinn / @MelissaQuinn97 / Kelsey Harris / @KelsRenHar / September 04, 2014 / 803 comments
Thousands of fast-food workers across 150 cities nationwide gathered today to call for a $15-an-hour minimum wage.
However, a report released today by James Sherk, senior policy analyst in labor economics at The Heritage Foundation, found that fast-food restaurants would have to boost their prices 38 percent to make up for the increased labor costs.
>>> Higher Fast-Food Wages: Higher Fast-Food Prices
Such an increase, Sherk said, would drive away about one-third of these restaurants’ customers.
If fast food’s biggest restaurants decide to raise their wages to $15 an hour, here’s how some of your favorite meals would fare.
(http://dailysignal.com/wp-content/uploads/FastFoodHike_v4.png)
http://dailysignal.com/2014/09/04/wage-hike-fast-food-prices-infographic/