- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: California’s $20 fast food minimum wage balloons menu prices
Posted on 4/3/24 at 1:30 pm to LNCHBOX
Posted on 4/3/24 at 1:30 pm to LNCHBOX
quote:
These price increases are a complete coincidence.
Anything more than about a 10% increase in average item price is based on factors outside of just their increase in cost due to the wage increase.
Labor cost in fast food is about 25% of revenue. The $20 min wage represents a 25% increase over the current general min wage so still less than a 10% increase in costs. The 53% increase in the fish sandwich meal can not be completely attributed directly to the increase in min wage at all, there are other factors at play there.
1
Posted on 4/3/24 at 1:35 pm to Obtuse1
quote:
The 53% increase in the fish sandwich meal can not be completely attributed directly to the increase in min wage at all, there are other factors at play there.
Cost of labor everywhere going up has ripples all along the supply chain and impacts costs at each step. Yes, this law is only for fast food workers, but you don’t think other minimum wage workers are getting raises from this, increasing prices everywhere else?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News