McDonald's franchisee group says new $20 minimum wage California fast-food bill will cause 'devastating financial blow'
McDonald's franchisee group says new $20 minimum wage California fast-food bill will cause 'devastating financial blow'
The California fast-food bill will raise the minimum wage for many California workers at fast-food chains to $20 an hour starting April 1.
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Their business can't just absorb this cost. That's not how businesses work. What they can do is raise prices a few cents each and pay the cost.
Franchisees are empowered to set their own pricing, so this is a non-issue.
Yeah heaven forbid the owner take home a little less profit.
I can almost guarantee a lot of locations wouldn't even need to do that. The owner would just have to not take a bonus. God forbid that though.
Per the article it's a $250k cost of labor increase on average