McDonald’s Big Macs and Chipotle’s burritos are about to get more expensive after the fast-food chains announced that they will raise menu prices in California to pay for the minimum wage hikes that Gov. Gavin Newsom recently signed into law. McDonald’s CEO Chris Kempczinski said on an earnings call Monday that the law is going to have "a wage impact for our California franchisees." He hinted at menu price hikes to follow in the Golden State.
" MCDONALD'S CEO WARNS CALIFORNIA MINIMUM WAGE HIKE WILL HURT FRANCHISEES Similarly, Chipotle chief financial officer, Jack Hartung, told analysts on a company earnings call last week that the chain will likely raise prices in California by a "mid-to-high single-digit" percentage. The surging prices at the popular fast-food chains come as Gov.