Wages, Minimum Wages, and Price Pass-Through: The Case of McDonald’s Restaurants
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We use price and wage data from McDonald's restaurants to provide evidence on wage increases, labor-saving technology introduction, and price pass-through by a large low-wage employer facing a flurry of minimum wage hikes from 2016-2020. We estimate an elasticity of hourly wage rates with respect to
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美国国家经济研究局创建时间：
2021-03-01
