Starbucks Set To Raise Coffee Prices: Can You Guess Why?

Let’s dip back to this Think Progress article from February 2015

In October, Starbucks announced that it would raise its employees wages in January of this year. It promised to increase starting wages for new employees but also to give “all baristas and shift supervisors…a pay increase.”

While the announcement attracted press attention, it didn’t include details on how much employees would actually see, and the workers themselves didn’t find out until late January.

All in all, the raise supposedly didn’t amount to much, roughly 2.5% for those who had been there, and a 13% increase for new hire pay. Hey, when the pay is low to start with (to pour coffee, mind you), it doesn’t add up to much to start with. But, increase costs, and something must change

(NJ.com)  The cost of some Starbucks coffee drinks will increase by 10 to 20 cents starting Tuesday in response to rising operational costs, according to the Wall Street Journal.

Starbucks’ bagged coffee prices are also set to go up by $1 — from $8.99 to $9.99 — later this month, according to the L.A. Times.

Company representatives have said the rising costs are needed to offset increases in wages and rent.

Cause. Effect.

And, no, the cost of beans from Hotcoldwetdry hasn’t happened.

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