
Can you link one of those studies? Truly interested in the subject.
The restaurants I have/had as clients all had only 1 or 2 locations, but one of their main expenses is well wage cost. At least here in NL and with my clients. Increasing the wage there would require a price increase or they would go to the negative. I am just wondering how it would impact in the US.
Depends on the company, that’s why I am asking. In companies where wages are the main cost (like in many restaurants) raining the wages will raise the total costs. Which can mean they will go into the negative if the prices aren’t increasing as well. I have seen a fair amount of administrations/annual reports of restaurants. And it was pretty common to spend at least as much on food as on the personel costs (wages, social security, pension, etc.)
30$ is a lot compared to the minimum wage 14,40€ (16,84$) we have in NL. Which is why I am asking what the impact of it would be in the US of such an increase.
(Yes it will not matter for MacDonalds, Burger King or any other big chains)