Fast-food chains react to minimum wage increase in California

|By:, SA News Editor

Restaurant operators in California are expected to increase prices to counterbalance an increase in the minimum wage in the state which takes effect today,

The minimum hourly wage goes to $9 from $8 as an incremental step in a plan to take it to $10 per hour by 2016.

Fast-food stocks: MCD, BKW, WEN, JACK, YUM, SONC, PLKI