What does this mean for menu prices? Prices would have to increase by approximately 15 percent as well. There is a myriad of factors that impact the prices of your favorite fast food items, including employees’ wages.Īccording to a 2014 report from The Heritage Foundation, if fast food restaurants were to raise the minimum wage for workers to $15 an hour, the restaurants’ total costs would increase by about 15 percent. If you were around in the 1950s and ’60s, for example, you could probably feed your family of four for less than $2 at McDonald’s or Burger King!įast food brands like these are subject to price increases over time, but it can be difficult to predict how much prices will rise by looking at inflation. While food prices should be expected to rise over time with the natural progression of inflation, you might be surprised by how cheap some of your favorite fast food items were in the past.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |