California restaurant chains are continuing to try to manage the state’s big minimum wage increase. Last week Rubio’s Coastal Grill announced it was closing 48 stores, in part because of the wage hike.
Rubio’s described those restaurants as underperforming so they seem to have been on the bubble before the wage hike. Today we’re learning that one of California’s most successful chains, In-N-Out is also raising prices despite having suggested they wouldn’t do so just a couple months ago.
After The Fast Act went into effect on April 1, which raised the minimum wage from $16 an hour to $20, In-N-Out president Lynsi Snyder said they would not increase their prices.
“I was sitting in VP meetings going toe-to-toe saying, ‘We can’t raise the prices that much, we can’t,” Snyder said in an interview with Today on April 9. “Because I felt such an obligation to look out for our…
