Even if you assume that the value of fast food workers has not increased but has remained flat, the Federal minimum wage has declined over time in real dollars.

Even if you assume that the value of fast food workers has not increased but has remained flat, the Federal minimum wage has declined over time in real dollars. So this is just an overdue correction. The companies chose to raise prices rather than reduce executive compensation (which has soared in recent decades), despite the lack of any evidence that executive value to the business has actually increased. It makes more sense economically to attribute the price increase to the rise in executive pay than it does to blame the minimum wage.