Fast Food Franchises Squeezed by Minimum Wage and Inflation, Forcing Price Hikes

Franchisee has raised prices 5-7% in 3 months to offset higher payroll costs from $20 minimum wage

Looking at delaying remodeling and changes to opening hours to cut costs

Food costs are also very high due to inflation, creating a "double barrel shotgun" effect on profits

Concerned price hikes may drive customers to casual dining for just a few dollars more

Doesn't understand why $20 minimum wage applies only to limited-service chains and not other industries