Sonic's CEO Says If Minimum Wages Rise, Menu Prices Might, Too
The fast-food corporation's leader said he'll increase prices to offset any rise in the minimum wage so his restaurants can still make a profit.By Ryan Biek | March 31, 2016
As protesters across the country call for higher minimum wages, Sonic's CEO says customers should be ready to pay more if workers get their way.
The fast-food corporation's leader Clifford Hudson said in a company conference call this week if minimum wages are raised, price hikes will be necessary to keep the restaurants profitable.
There's been a fear raising the minimum wage will lead to fewer jobs. However, if wages do get a bump, Hudson said he doesn't expect a drop in workers at his restaurants.