Some California Fast Food Businesses Raising Prices

[esmith]

Well most of us knew that these businesses would have to raise their prices due to the increase in wages they are being forced to pay, now it looks like it is or will happen. Are you suprised that they did? So what now Califormian?

Burger King, In-N-Out and other chain locations in California raise prices after minimum wage increase: report

Prices for burgers, fries and other fast food items have increased at various chains across California after the state minimum wage increased, per reports.

www.foxbusiness.com

Starbucks, Chipotle, McDonald's: Who's raising prices as California fast-food law starts today

Fast-food chains are looking to hike the cost of menu items because they're required to pay their employees $20 an hour starting Monday.

www.latimes.com

 

[John53]

Well most of us knew that these businesses would have to raise their prices due to the increase in wages they are being forced to pay, now it looks like it is or will happen. Are you suprised that they did? So what now Califormian?

Burger King, In-N-Out and other chain locations in California raise prices after minimum wage increase: report

Prices for burgers, fries and other fast food items have increased at various chains across California after the state minimum wage increased, per reports.

www.foxbusiness.com

Starbucks, Chipotle, McDonald's: Who's raising prices as California fast-food law starts today

Fast-food chains are looking to hike the cost of menu items because they're required to pay their employees $20 an hour starting Monday.

www.latimes.com

How much are they raising the price? (I can't visit either web page, they don't allow ad blockers).

 

[Laniakea]

They're also reducing their staff. It's inevitable when companies are forced to pay workers more than can to remain competitive.

 

[Koldo]

They're also reducing their staff. It's inevitable when companies are forced to pay workers more than can to remain competitive.

Balancing unemployment rates and wages is a tricky affair, but up to a certain point it is perfectly acceptable to lose some jobs.

 

[Laniakea]

Balancing unemployment rates and wages is a tricky affair, but up to a certain point it is perfectly acceptable to lose some jobs.

It's the employees that lose their jobs. They're the ones who wanted so badly to see their wages increase from $7.50 an hour, to $15 or $16 per hour, to $20 an hour. Instead of getting that, they end up with $0 an hour.

 

[Koldo]

It's the employees that lose their jobs. They're the ones who wanted so badly to see their wages increase from $7.50 an hour, to $15 or $16 per hour, to $20 an hour. Instead of getting that, they end up with $0 an hour.

Yup. It is an expected consequence of raising the minimum wages and totally worth it if as long as there isn't much of an increase to the unemployment rates.

 

[Laniakea]

Yup. It is an expected consequence of raising the minimum wages and totally worth it if as long as there isn't much of an increase to the unemployment rates.

I hear a lot of places in CA are going to simply go out of business due to this increase. The smallest ones would be hit the hardest; ones that can't afford to automate, or were already struggling.

 

[sun rise]

Personally paying people a living wage so they can support themselves without government aid is or should be a human right.

Those who disagree? Do you believe that people should not be able to afford medical care, live in decent housing, eat healthy food and so forth?

As far as disruptions go, we as a society need to mitigate those as part of creating a just society.

 

[tytlyf]

A small % are increasing prices. And if some do, it's irrelevant. I support worker wage increases over corporate profits.
It seems Republicans are siding with corporations over workers again

 

[anna.]

Well most of us knew that these businesses would have to raise their prices due to the increase in wages they are being forced to pay, now it looks like it is or will happen. Are you suprised that they did? So what now Califormian?

Burger King, In-N-Out and other chain locations in California raise prices after minimum wage increase: report

Prices for burgers, fries and other fast food items have increased at various chains across California after the state minimum wage increased, per reports.

www.foxbusiness.com

Starbucks, Chipotle, McDonald's: Who's raising prices as California fast-food law starts today

Fast-food chains are looking to hike the cost of menu items because they're required to pay their employees $20 an hour starting Monday.

www.latimes.com

McDonald’s CEO Chris Kempczinski's compensation package was over 20 million dollars in 2022. Chipotle's CEO Brian Niccol: $17.2 million.

And so on. Maybe the CEOs can put their heads together and figure out how to ensure their workers receive a decent wage without a fast-food apocalypse, no?

 

[tytlyf]

I hear a lot of places in CA are going to simply go out of business due to this increase. The smallest ones would be hit the hardest; ones that can't afford to automate, or were already struggling.

You heard wrong. The same people cried about moving the minimum wage to $15 per hour. Businesses still there.

 

[sayak83]

Well most of us knew that these businesses would have to raise their prices due to the increase in wages they are being forced to pay, now it looks like it is or will happen. Are you suprised that they did? So what now Califormian?

Burger King, In-N-Out and other chain locations in California raise prices after minimum wage increase: report

Prices for burgers, fries and other fast food items have increased at various chains across California after the state minimum wage increased, per reports.

www.foxbusiness.com

Starbucks, Chipotle, McDonald's: Who's raising prices as California fast-food law starts today

Fast-food chains are looking to hike the cost of menu items because they're required to pay their employees $20 an hour starting Monday.

www.latimes.com

Talk about missing the forest for the trees.

The U.S. added 303,000 jobs in March, according to Friday morning’s report from the Labor Department.

That beats consensus economist forecasts of 200,000 new jobs, according to FactSet, and is well above February’s 275,000 and March 2023’s 236,000.

The unemployment rate moved to 3.8% last month, equaling estimates of 3.8% and dipping from February’s 3.9%, extending the longest streak of sub-4% unemployment in six decades.

Jobs Report: Unemployment Hits 3.8% As Job Growth Pops

The US never had it this good since the 1960s.

 

[Laniakea]

You heard wrong. The same people cried about moving the minimum wage to $15 per hour. Businesses still there.

All of them?

 

[Laniakea]

Talk about missing the forest for the trees.

The U.S. added 303,000 jobs in March, according to Friday morning’s report from the Labor Department.

That beats consensus economist forecasts of 200,000 new jobs, according to FactSet, and is well above February’s 275,000 and March 2023’s 236,000.

The unemployment rate moved to 3.8% last month, equaling estimates of 3.8% and dipping from February’s 3.9%, extending the longest streak of sub-4% unemployment in six decades.

Jobs Report: Unemployment Hits 3.8% As Job Growth Pops

The US never had it this good since the 1960s.

They'll adjust it downward, just as they do every month--long after people forget the original numbers.

 

[tytlyf]

All of them?

Can you find any that shut down? A lot of corporate apologists will make the claim but there's never proof after the new wages are implemented.
Conservative media likes to push out corporate policy propaganda to scare people away from anything that will hurt their profits and bottom line

 

[Pogo]

How much are they raising the price? (I can't visit either web page, they don't allow ad blockers).

less than the differential of the wage increase which simply means that there are more people that can eat their burgers>

 

[Revoltingest]

Personally paying people a living wage so they can support themselves without government aid is or should be a human right.

What if they become unemployed because
they aren't worth as much as they cost?
Your way denies them even a wage you
say is too low.

Those who disagree? Do you believe that people should not be able to afford medical care, live in decent housing, eat healthy food and so forth?

I say that the burden of supporting those who
can't make their own way be borne by the
general population, ie, by taxes.
This way everyone is covered, not just those
with jobs. And it's already being done to
some extent. But the UBI would be better.

 

[Pogo]

What if they become unemployed because
they aren't worth as much as they cost?
Your way denies them even a wage you
say is too low.


I say that the burden of supporting those who
can't make their own way be borne by the
general population, ie, by taxes.
This way everyone is covered, not just those
with jobs. And it's already being done to
some extent. But the UBI would be better.

Might simplify a whole lot of regulations as well.

 

[Pogo]

Yup. It is an expected consequence of raising the minimum wages and totally worth it if as long as there isn't much of an increase to the unemployment rates.

What? reason?

 

[Pogo]

I hear a lot of places in CA are going to simply go out of business due to this increase. The smallest ones would be hit the hardest; ones that can't afford to automate, or were already struggling.

You hear a lot of things, come back when you actually have datsa.