I've been somewhat puzzled by Big Fast Food's continued, if perhaps muted, opposition to minimum wage increases. As with Wal-Mart and other big companies, I'd expect them to support it. Yes, they have to pay their loser workers more, which gives the bosses a sad, but if there are any legitimate concerns for minimum wage hikes like this it's that small local, more mom-n-pop type stores, might be driven out of business. Big companies can reduce costs elsewhere because they have market power that allows them to squeeze suppliers. A minimum wage increase might increase their relative advantage and reduce the competition a bit.
I don't think this is a reason to oppose a minimum wage hike, but I'm surprised big companies don't see it this way.
