Why Your Sandwich Is About to Get a Little More Expensive
- Labor costs rise at the same time foot traffic is slowing
- It’s a ‘delicate balance’ to raise prices and keep customers
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Your turkey sub may soon cost you a little more.
As minimum wage increases take hold across the U.S. -- with Chicago and Los Angeles two of the latest big cities to implement hikes -- restaurants may be among the hardest-hit businesses. They’re already facing reduced foot traffic and a worker shortage, and the rising labor costs could mean higher bills for that slowing trickle of diners.