McDonald's and Chipotle said they will raise menu prices in California to pay for the minimum wage hikes that Gov. Gavin Newsom recently signed into law.
I eat at McDonald’s because it’s cheap, it’s fast, and it’s reliably consistent. There are four or five different cheap fast food restaurants near the local McDonald’s. If they all raise their prices, it won’t be cheaper than a local restaurant burger, so the only advantage is time.
I doubt sales will change much. Most people who eat at McDonald’s do so because they’re addicted to it. Rising prices won’t stop them.
I eat at McDonald’s because it’s cheap, it’s fast, and it’s reliably consistent. There are four or five different cheap fast food restaurants near the local McDonald’s. If they all raise their prices, it won’t be cheaper than a local restaurant burger, so the only advantage is time.