Chris Yucus/NewsTribune via AP

As labor costs are rising, regional chain restaurants in states like Arizona, California, Colorado, and New York are adding a surcharge between three and four percent on diners' bills. This is intended to offset increasing wages instead of charging extra on menus upfront and scaring off consumers, according to the WSJ.

Why it's happening: The federal government hasn't raised the minimum wage since 2009 from $7.25, which is putting pressure on states to do it themselves, and 27 states have had an effective minimum wage increase since January 2014.

Why it matters: Tomorrow the jobs report will give a better sense of how widespread rising wages are. The Fed is meeting next week to announce whether it will raise interest rates, which will almost certainly affect wages as well.

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Ex-FDA chief: Pence campaigning after exposure puts others at risk.
  2. Health: 13 states set single-day case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.
Dion Rabouin, author of Markets
4 hours ago - Economy & Business

Bond investors see brighter days

Illustration: Sarah Grillo/Axios

U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.

Erica Pandey, author of @Work
6 hours ago - Economy & Business

The dangerous instability of school re-openings

Illustration: Eniola Odetunde/Axios

Schools across the country have flip-flopped between in-person and remote learning — and that instability is taking a toll on students' ability to learn and their mental health.

The big picture: While companies were able to set long timelines for their return, schools — under immense political and social strain — had to rush to figure out how to reopen. The cobbled-together approach has hurt students, parents and teachers alike.