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How much will minimum wage hikes hurt restaurants?

from CBS News

Hikes in the minimum wage in cities and states around the U.S. will dent profit margins at restaurants, particularly at casual-dining chains, according to Moody's Investors Service. "Clearly the restaurant industry is going to pay a price, or be among the sectors most affected by this," said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics, a nonpartisan research group, citing the large numbers of restaurant workers at or below the minimum wage. more


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