I used to eat out 4-5 times a week. They raised the min wage and my $6 meal went to $9. The new raise will push the price closer to $11-12.
"I used to eat out 4-5 times a week. They raised the min wage and my $6 meal went to $9. The new raise will push the price closer to $11-12."
According to the theories of some here on Free Republic, you must be doing quite well as a result of this. After all, if you pay the waiters more, then they will have more money to spend. If they have more money to spend, then they will buy more of your product and you'll be much better off. See, isn't economics simple?