"Restaurants in affluent areas typically pay higher wages and can more easily raise their prices to compensate, but those in lower-income areas will struggle. Will farm workers in Fresno pay $7 for a Big Mac? An analysis by Oxford Economics estimates the $20 minimum wage would lead to a loss of 5,100 fast-food jobs and more than 300 establishments."
1 comment:
It's rare that I post something from the WSJ since it's one of the more expensive subscription pages out there and I'm not here to sell expensive subscriptions. But once in a while, the WSJ is too good to pass up. The WSJ is worth every penny if you use it. I just assume that most small business owners are too busy to read the paper every day.
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