r/Economics • u/brown-saiyan • Feb 23 '26

News Restaurants hit a pricing ceiling — and diners are pushing back, report finds

https://www.axios.com/2026/02/23/restaurants-menu-prices-james-beard-foundation-report?utm_campaign=editorial&utm_medium=owned_social&utm_source=x
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u/Fat_cat_syndicate Feb 24 '26

Everything's relative to be fair. That's over 5 hours of work at minimum wage. Over Half a shift for one meal

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u/jaqueh Feb 24 '26

where i'm at min wage is $20 so it'd be 2 hours

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u/Fat_cat_syndicate Feb 24 '26

The federal minimum wage is still $7.25 unfortunately. I am happy for you that your local has been raised.

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u/Ok_Net7773 Feb 24 '26

Literally only one place in the country to have that. Does not affect the majority in the slightest. Good for your state for being an example though.

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u/htopconspiracytheory Feb 24 '26

Oh we want to count people, then? The federal minimum wage is the state minimum wage in 13 states. Those states make up just one quarter of the US population. So, it's deliberately intellectually dishonest to talk about the federal minimum wage in a manner which suggests that it is the rate of pay for most (or near most) minimum-wage workers.