02/25/2014 08:33 am ET Updated Feb 25, 2014

Why The Cheesecake Factory Is Jacking Up Prices

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Supporters of a higher minimum wage applauded the Gap’s (GAP) decision last week to increase hourly pay. While Lynn Albright, vice president of the company’s Old Navy brand, told CNN there wouldn’t need to be higher prices if costs can be lowered by, say, reducing staff turnover, the effects of such decisions often do trickle down to customers.

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