On March 31st, Ontario raised their minimum wage from $8.75 to $9.50. On April 1st, Ontario McDonald’s raised the price on all of their sandwiches by 20 cents. Other menu items increased in price as well.
Is this indicative of a larger problem in our economy? We raise the minimum wage so that those earning it can make ends meet with the current cost of living, but to make up the difference businesses raise their prices thereby raising the cost of living? It sounds insane. Maybe it is.
Then again, maybe this is an isolated incident. Maybe it’s just McDonald’s. Have any of you encountered an increase in the cost of goods or services over the past few weeks?