This first appeared in The Daily Signal here.
According to a January report released by James Sherk, a former research fellow in labor economics at The Heritage Foundation, fast-food prices would rise by 38 percent under a $15-an-hour minimum wage and cause a 36 percent drop in employment.
Sherk’s research comes after several cities and states across the country voted to raise their minimum wages, with increases typically phased in over the next five years.
Here’s how prices at some of the most popular fast-food restaurants would change with a $15-an-hour minimum wage.