Popular Businesses Suffers Amid Wage Hike

By Daniel Walker | May 25, 2024

California's $20 minimum wage hike

The new minimum wage law in California has set a $20 per hour minimum wage for fast-food workers.

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This has led to price increases in many chains to offset the higher labor costs.

Increased prices

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The New York Post reported that many chains in the state have already increased their prices. The Post reported, “The law applies to restaurants offering limited or no table service and which are part of a national chain with at least 60 establishments nationwide.”