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 news, chipotle mexican grill inc, breaking news: business, yum! brands inc, retail industry, papa john's international inc, lifestyle, cheesecake factory inc, personnel, united states, mcdonald's corp, greg flynn, labor economy, business, restaurants, wingstop inc,
Source: https://www.cnbc.com/2024/04/01/california-fast-food-minimum-wage-other-business-may-raise-pay.html