1y ago

I'm a California restaurant operator preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices

www.businessinsider.com I'm a California restaurant operator preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices

A Fatburger franchisee in Los Angeles shares survival strategies as California chains brace for $20-an-hour wage for fast-food workers in April.

I'm a California restaurant operator preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices

Work Reform @lemmy.world

return2ozma @lemmy.world

1y ago

I'm a California restaurant operator preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices

www.businessinsider.com /fast-food-operator-kills-vacations-hikes-prices-calif-wage-law-2024-1

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118 comments

The paid vacation he's eliminating was capped at 72hrs per year. He warns that high schoolers will have a tough time competing with more valuable employees, but this is due to the wage increase only applying to fast food. Also, the big layoffs in in-house delivery are similarly due to the narrow scope of the law which excludes gig workers.
"Landlords won't lower their rents"-- these things take time.
- “Landlords won’t lower their rents”-- these things take time.
  For sure. A market correction on landlords require businesses leaving the property and then the landlords defaulting their loans to the bank. But no matter what that still needs to happen, because an economy where we value parasitic capital over paying labor a living wage is fundementally broken.
  
  I agree, but it takes a strong stomach in local government to not step in and prop up "market rates" for the benefit of banks and landowners.
  
  If everyone wasn't leveraged out of their ass, that would be fine. Unfortunately, that's a feature of our late stage capitalism. I don't hold much sympathy for them. though. In the end, the lenders are just another parasite on top of a parasite.

118 comments