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Higher Fast-Food Wages: Higher Fast-Food Prices

Raising the minimum wage in the fast-food industry to $15 an hour would hurt consumers and workers. ....

United States , Abigail Okrent , Aylin Kumcu , Institute For Economic Freedom , Heritage Foundation , Bureau Of Labor Statistics , Service Employees International Union , Fast Food Joints Cannot Absorb Cost Increases , Labor Statistics , James Sherk , Senior Policy Analyst , Labor Economics , Data Analysis , Economic Freedom , Fast Food Industry , Minimum Wage ,

$15 Minimum Wages Will Substantially Raise Prices

Raising the minimum wage creates winners and losers. Those workers who receive higher pay benefit. But the money for that higher pay comes from somewhere. Advocates for a minimum wage hike usually argue that “somewhere” means profits. They present starting-wage increases as a way to redistribute wealth from business owners to low-wage workers. ....

United States , District Of Columbia , Stanford University , San Bernardino , University Of California At Berkeley , Erwan Gautier , Kellyd Brownell , Eric Nilsson , Jeanette Wicks , Emek Basker , Denis Foug , Sarah Lemos , Daniel Macdonald , Thomas Macurdy , Robin Hood , James Macdonald , Lisa Mancino , Jeannette Wicks , Daniel Aaronson , Aylin Kumcu , Julian Alston , Tatiana Andreyeva , Robert Pollin , Michael Reich , Markd Jekanowski , Abigail Okrent ,