“For something like fast food, you’re not likely to see as big a shift as you would for example clothing retail, where you might go bargain shopping,” said Chris Jones, vice president for research at the Regional Plan Association, which analyzes issues affecting the area where New York, New Jersey, and Pennsylvania intersect. “Someone’s not going to go bargain shopping for a Burger King. They want it where they are." But Jones cautions that there are ways in which raising wages could actually help restaurants: Workers may stay in their jobs longer, cutting down on turnover costs, and may become more productive. Also, higher wages puts more money in the pockets of people who are the most likely to spend it.
Read the full article in the Washington Post.