With the cross country protests and marches demanding an increase on minimum wage April 15, Tax Day, fast food corporations are threatening to rise the amount of burgers and fries, putting an end to the dollar menu.
David Edgerton, Burger King co-founder, told Time magazine on Wednesday that the demand for $15 per hour minimum wage will come at a cost.
“You’re not going to get these dollar hamburgers anymore that both Burger King and McDonald’s had. I see a lot of $10 hamburgers arriving on the scene,” said Edgerton.
“An increase in pay to $15 would push up fast-food prices by nearly 20 percent,” said Arindrajit Dube, an economics professor at the University of Massachusetts in an interview with the New York Times. “Which means a $15 wage would mean wage increases averaging around 60 percent, raising the cost of a $3 hamburger to $3.50 or $3.60.”
That price is no where near the $10 hamburger Burger King co-founder is indicating.
So have no fear, the dollar menu is going no where. It might just turn into the dollar fifty menu.