While many surveys look at a raise in minimum wage and assume quick service restaurants will cut labor and staff to stay in business, other studies paint a different picture.
A University of Massachusetts-Amherst study analyzed how QSRs can recover their profit margins from increased labor costs by raising prices of the goods sold and experiencing lower turnover.
Another consideration is that raising prices can create less demand, which could pressure staff cuts to maintain profits.
Read the full article here: Could QSRs survive a $15 minimum wage?
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