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California fast-food workers are now making $20 an hour. Other businesses might have to catch up - TL;DR CNBC

California fast-food workers are now making $20 an hour. Other businesses might have to catch up

Publishing timestamp: 2024-04-01 11:46:56


Summary

Fast-food workers in California at chains with more than 60 national locations now earn $20 hour, leading to potential wage hikes for other businesses in the state. Some chains are responding by cutting workforces and raising menu prices. The law won't directly impact other restaurants, but they may need to adjust wages to compete for employees. The wage increase is controversial and could have ripple effects on other industries.


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Keywords: business newschipotle mexican grill incbreaking news: businessyum! brands incretail industrypapa john's international inclifestylecheesecake factory incpersonnelunited statesmcdonald's corpgreg flynnlabor economybusinessrestaurantswingstop inc

Source: https://www.cnbc.com/2024/04/01/california-fast-food-minimum-wage-other-business-may-raise-pay.html


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