Capital + Main: No, the New Minimum Wage Won’t Wreck the Fast Food Industry or the Economy.

My opinion is somewhat different. And a caveat, I mostly watched from outside the industry. When Santa Fe started working towards a living wage, the businesses that were working with threadbare or terrible business plans disappeared. The ‘good’ restaurants tried cutting back on quality, portion sizes, to little success. Eventually they just raised prices to maintain their employees and their quality. Took a year or so.