Some US restaurant chains looking to increase prices as minimum wages in some states increase
February 25, 2014
(Industry Intelligence Inc.)
– Some U.S. restaurant chains plan to increase prices as the minimum wages in some states increase, Bloomberg LP reported Feb. 25.
Jack In The Box is considering increasing menu prices either 1.4% just in California or less than 1% nationally, while Cheesecake Factory will increase prices 2% and BJ's Restaurants is planning a 1.7% increase to help cover higher wages.
The primary source of this article is Bloomberg LP, New York, New York, on Feb. 25, 2014.