Minimum Wage increase and Disneyland
As most of you know, California over the next few years will raise its minimum wage to $15. While there are efforts to raise the rate to $15 nationwide, as of right now that seems unlikely. Right now Flordia's minimum wage is $8.05. Assuming the Flordia and Federal Minimum wage don't change, what do you think prices will look like at Disneyland compared to Disney World? We all know prices at both resorts will continue to rise, but will Disney use this as a reason for larger hikes at Disneyland? Or will Disney do its best to keep costs similar no matter the wage disparity?
Prices are set by consumer demand, not by producer expense. So Disney will continue to charge whatever it believes that Disney guests will pay. The only difference will be that if labor expenses are lower in Florida, Disney's profits will be higher there.
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