Blame corporate greed all you want but both supply and labor costs have skyrocketed massively since Covid and they have to save money somehow to keep their pre-covid profits in line. The wage hikes are in large part to blame even though there are plenty of jurisdictions with McDonalds that still have sub-$10 minimum wages. The increased corporate cost must be passed down to consumers some how, as well as sacrificing jobs.
While I do think large corporate minimum wage should be slightly higher than the minimum wage for smaller businesses, to help protect price compe ion for smaller business and local business, it's stupid to not acknowledge at all that a high government mandated minimum wage with respect to ordinary market wage has a stagflationary effect.