For restaurants, minimum wage hikes usually mean higher menu prices and fewer employee hours, according to a survey released Wednesday.
div > div.group > p:first-child"> Harri, a workplace management software company that works with restaurants, surveyed 173 restaurants between Feb. 28 and March 15 about the impact of raising the minimum wage. The respondents represent more than 4,000 restaurant locations ranging from fine dining to fast food.
However, the federal minimum wage has remained stagnant since 2009. House Democrats have been pushing a bill to raise the federal minimum wage to $15 per hour from $7.25, but it is unlikely to pass. The restaurant industry employs a large portion of minimum wage workers. It's no surprise that 83 percent of survey respondents affected by minimum wage hikes reported that their labor costs rose at least three percent.But the majority did. The most popular response — from 71 percent of operators — was to raise menu prices. Nearly half reworked their food and beverage options to reduce costs.
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