They didn’t all close when the minimum went from $7 to $15; they won’t all close when the minimum goes to $20. They WILL however, demand employees to move their asses or get fired and quit smoking pot behind the trash dumpsters. They WILL adult citizens who will care to keep those jobs for more than three weeks.
Don’t get me wrong folks: I totally believe in the economics of no minimum wage... in a free market. But in a society where the taxpayers pay rent, healthcare, food and even phone bills for employees who don’t make enough to live comfortably on (as long as they don’t get married and any babies are born out of wedlock), and obliterate the immigration laws to keep employers happily fed with an endless stream of people willing to live in complete dependency on the government, let’s not pretend market forces are going to work.
Also... the fries on what was recently called 99-cent menu costs $3.89. in my state which did NOT raise the minimum wage. So let’s not pretend McDonald’s didn’t just massively increase the profit on their food.
Wrong.
What happened is the cost of raw material massively increased do the stupid Biden energy policies
When the cost of fertilizer for a farmer when from $10,000 a year to $60,000 a year due to stupid US Energy policy, you going to see cost push inflation
When the cost to haul the product from felid to processing plant went from $150 to $300 due to stupid US Energy policy, you going to see cost push inflation.
When the cost to power the processing plant goes form $10,000 a year to $30,000 a year you going to see cost push inflation.
And so on and so on and so on for every step of the supply chain and every form of energy they use.
The only people “gouging” in this situation is the US Federal Government with their mistaken notion that they can use regulatory barriers to generate cost push inflation against Coal/Gas/Oil to make “alternative energy” cost competitive.