Beyond Mainstream
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
  • Home
  • JOURNALISTS
  • NEWS OUTLETS
  • FIREBRANDS / CONTROVERSIAL
  • SATIRE
  • DOT CONNECTORS / TRUE HISTORY
  • WHISTLEBLOWERS
  • EMPOWERED HEALTH
  • UFO/DUMBS
  • FINANCIAL
  • About Us
  • Home
  • JOURNALISTS
  • NEWS OUTLETS
  • FIREBRANDS / CONTROVERSIAL
  • SATIRE
  • DOT CONNECTORS / TRUE HISTORY
  • WHISTLEBLOWERS
  • EMPOWERED HEALTH
  • UFO/DUMBS
  • FINANCIAL
  • About Us
No Result
View All Result
Beyond Mainstream
No Result
View All Result

Price of Big Macs Could Go Up to $15

Beyond Mainstream News by Beyond Mainstream News
January 2, 2024
in NEWS OUTLETS
0
Price of Big Macs Could Go Up to $15

As half the states in the country raise their hourly minimum wage, American fast-food staples like the McDonald’s Big Mac could soar to $15, predicts an economic analyst.

Companies are “either gonna have to raise prices, start to reduce those labor costs, or a combination of both,” says Brandon Arnold, EVP at National Taxpayers Union, a fiscally conservative think tank, the New York Post reports.

“That’s not fair to those employees that are getting laid off — nor is it fair to the customers that are all of a sudden paying $12, $15 for a Big Mac,” Arnold says.

“As [employers] start to see these labor costs increase, they may not lay people off immediately,” believes the analyst. “But when times get tough, they’re gonna have to make changes.”

Pizza Hut announced last week it will lay off more than 1,200 delivery drivers in California due to the state’s higher minimum wage law, which goes into effect in April.

McDonald’s and Chipotle have both announced they will raise their menu prices in California due to the higher wages.

Rather than lose a job and stand on the unemployment line, Arnold believes, most fast-food workers would accept an hourly wage of $8-$10 an hour.

In an open letter, McDonald’s USA President Joe Erlinger fired away, “California keeps looking for ways to raise prices, drive away more businesses and destroy growth through bad policy and bad politics.”

Twenty-five states and Washington, D.C., have passed legislation to raise minimum wages, with the higher payouts taking effect in 22 of those states on Monday. Nevada’s and Oregon’s wage hikes will go into effect on July 1, while Florida’s will start on Sept. 30.


© 2024 Newsmax Finance. All rights reserved.

Source link

https://www.newsmax.com/newsfront/minimum-wage-inflation-prices/2024/01/02/id/1147936

Previous Post

Largest Solar Flare in Years Detected

Next Post

East Coast Braces for First Major Winter Storm in 2 Years

Next Post
East Coast Braces for First Major Winter Storm in 2 Years

East Coast Braces for First Major Winter Storm in 2 Years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • DOT CONNECTORS / TRUE HISTORY
  • EMPOWERED HEALTH
  • FINANCIAL
  • FIREBRANDS / CONTROVERSIAL
  • JOURNALISTS
  • NEWS OUTLETS
  • SATIRE
  • UFO/DUMBS
  • WHISTLEBLOWERS

CATEGORIES

  • DOT CONNECTORS / TRUE HISTORY
  • EMPOWERED HEALTH
  • FINANCIAL
  • FIREBRANDS / CONTROVERSIAL
  • JOURNALISTS
  • NEWS OUTLETS
  • SATIRE
  • UFO/DUMBS
  • WHISTLEBLOWERS
  • About Us
  • Privacy Policy
  • Contact Us
Social icon element need JNews Essential plugin to be activated.

© 2023 Beyond Mainstream - All rights reserved.

No Result
View All Result
  • Home
  • JOURNALISTS
  • NEWS OUTLETS
  • FIREBRANDS / CONTROVERSIAL
  • SATIRE
  • DOT CONNECTORS / TRUE HISTORY
  • WHISTLEBLOWERS
  • EMPOWERED HEALTH
  • UFO/DUMBS
  • FINANCIAL
  • About Us

© 2023 Beyond Mainstream - All rights reserved.