McDonald's and Chipotle said they will raise menu prices in California to pay for the minimum wage hikes that Gov. Gavin Newsom recently signed into law.
Its not just labor they like to blame. I remember my local McDonald’s raised prices by around 10 cents across the board without giving a reason even though they had gotten a tax cut that year, next year the tax was raised to its previous value and they raised prices again, this time citing the “tax increase”. Corps will ALWAYS find a way to raise prices and blame it on something other than greed.
Its not just labor they like to blame. I remember my local McDonald’s raised prices by around 10 cents across the board without giving a reason even though they had gotten a tax cut that year, next year the tax was raised to its previous value and they raised prices again, this time citing the “tax increase”. Corps will ALWAYS find a way to raise prices and blame it on something other than greed.