this post was submitted on 19 Aug 2024
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We did raise the minimum wage, at least some states did.
Out of curiosity, I found these two maps.
Big mac prices:
Min wage:
I don't care enough to plot a scatter graph of min wage vs big mac prices, but at a glance it seems to be loosely correlated at most.
I'd like to see a more recent one, since it seems the pandemic spurred a lot of the price gouging. Our minimum wage has gone up $3 since 2019.
Also, since there's not a huge difference in Big Mac prices between states, I'm wondering if national chains are using the min wage increase in a few states to increase prices across the board, rather than just increasing prices in the states with high minimums.
California since then increased minimum wage to $16 and fast food workers have a special minimum wage of $20.