When New Jersey Hiked Minimum Wages, Fast Food Prices Rose
As New Jersey ratcheted up its minimum wage on three occasions between 2019 and 2021, fast-food restaurants in the state responded by hiking menu prices to compensate. In neighboring Pennsylvania, where minimum wage hikes weren’t mandated, those price increases did not occur. That’s the notable (if perhaps unsurprising) finding reported in a paper published this week. Kerry […]