Retail News
Restaurants raise prices to cover higher wages
Chicago Tribune 07/10/2019Restaurants, 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.
Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!