California's $20 Minimum Wage for Fast-Food Workers Could Lead to Higher Prices at Chains Like Dutch Bros

California lawmakers set to raise minimum wage for fast-food workers to $20/hr, much higher than state's $15.50/hr minimum.
Analyst report predicts Dutch Bros' California prices could rise by 7% due to higher minimum wage.
Price hikes would only apply in California but could impact Dutch Bros' national growth strategy.
Higher wages for workers could lead to higher prices for consumers.
If minimum wage rises, analysts predict price increases at several major fast-food chains in California.

oregonlive.com

Relevant topic timeline:

9/12/2023

California Groups Reach Deal to Raise Minimum Wage to $20/hr, Averting Ballot Fight

California restaurants and unions have agreed to raise the minimum wage for fast-food workers to $20 per hour, avoiding a potential ballot fight over a previously passed law.