FAST FOOD companies are sounding the alarm over a new minimum wage hike in California. McDonald’s and Chipotle both said prices would go up for consumers as fast food wages hit $20 in the Golden State. GettyMcDonald’s may raise its prices in California after the minimum wage went up[/caption] GettyFast food workers will now get $20 an hour[/caption] Starting April 1, most fast food workers are making $20 an hour, the Associated Press reported. That’s a boon to employees, but may narrow profit margins for businesses already facing high operating costs. In an October earnings call, McDonald’s CEO Chris Kempczinski said price hikes were coming for California locations thanks t
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