Minimum Wage hikes, predictably, increase the cost of fast food

If you have taken your kids to McDonalds (or indulged yourself) in the last 6 months, you will have noticed the prices have increased substantially. Washington is not the only state where prices are going up, and it’s partially because of increases to minimum wage.

Zerohedge is reporting another price increase, driven primarily by increases to the minimum wage, that is going to hit California in April this year. California minimum wage is set to increase to $20 an hour for fast food workers, a 25% increase. Industry estimates indicate an increase of $250,000 per year in costs for the average f...