Retail News

Restaurants raise prices to cover higher wages

Chicago Tribune 07/10/2019

Restaurants, from mom-and-pop establishments to national chains, are seeking to balance higher wages brought about by increases in the minimum wage with prices that consumers are willing to pay. A University of California at Berkeley study of nearly 900 restaurants in San Jose, CA found menu prices increased 1.45 percent after that city raised its minimum wage from $8 to $10 an hour.

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