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Thursday, September 4, 2014

Here’s How the Price of Your Favorite Fast Food Would Change With a $15 Minimum Wage

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.
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.
FastFoodHike_v4
http://dailysignal.com/2014/09/04/wage-hike-fast-food-prices-infographic/?utm_source=facebook&utm_medium=social

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