So stupidly obvious that the English major was telling you* this would happen ahead of time. That’s really stupidly obvious, for those following at home: we’re widely known for being not very good at math. At any rate, let us go now to AEI, which is shaking its darn head over what happened to Chipotle restaurants in San Francisco:
• San Francisco, however, saw across-the-board price increases averaging over 10%, including 10% increases on chicken, carnitas (pork), sofritas (tofu), and vegetarian entrees along with a 14% increase on steak and barbacoa.We believe the outsized San Francisco price hike was likely because of increased minimum wages (which rose by 14% from $10.74 per hour to $12.25 on May 1) as well as scheduled minimum wage increases in future years (to $13 next year, $14 in 2017, and $15 in 2018).
Continue reading How stupidly obvious WAS this end result of the San Francisco minimum wage hike?