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They aren't simply "choosing" to pass cost increases to consumers. There is extremely little "room" (restaurants have extremely low margins) so they reprice in
by lazzlazzlazz 2y ago
They aren't simply "choosing" to pass cost increases to consumers. There is extremely little "room" (restaurants have extremely low margins) so they reprice in order to remain profitable; other restaurants (subject to the same labor cost increase) do similarly or go out of business (supply declines) which also results in price increases.