Economist analyzes impact of fast food employee wage increase

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Economist analyzes impact of fast food employee wage increase
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The"cheap" part could be changing, depending on your definition."That'll help them in terms of dealing with the high cost of living that we have here in San Diego and in the rest of the California," said Economist Professor Alin Gin with the University of San Diego.

However, Gin believes the change will have a bigger impact than just the number on employees paychecks. "Restaurants might respond by boosting prices. I've seen estimates where it might increase fast food prices by about 5%," said Gin. On Monday, the Service Employees International Union took to X to voice the union's opinion regarding the wage increase compared to some CEO's income.McDonald's CEO is paid $8,543.27 an hour.Just throwing that out there. These companies can pay $20 an hour without raising prices. Service Employees International Union

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