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California Fast-Food Price Surge
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California's $20 Minimum Wage Impact
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California's minimum wage increase to $20 per hour has led to a 10% price hike in fast-food chains like Chipotle, with some menu items, like the Double Steak Bowl, now priced at $39. This spike in prices is alarming consumers and making eating out less affordable.
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Could this price increase lead to changes in consumer behavior or dining habits?
How might this price surge affect the fast-food industry in California?
What strategies could restaurants adopt to mitigate the impact of rising costs on consumers?
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