Since California Governor Gavin Newsom signed a law raising the minimum wage for fast food workers to $20 per hour on April 1, up from $16, the state's fast food industry has faced significant economic repercussions. Many chains, including Wendy's and McDonald's, have reduced their workforce by about 9,500 jobs, implemented hiring freezes, and invested in automation like digital kiosks to manage the financial strain from increased labor costs. This shift has led to a noticeable increase in menu prices, with Chipotle and Chick-fil-A seeing hikes of nearly 7% and 20% respectively, while overall, prices in the sector have risen by 10%. Despite these price increases, Chipotle reported a substantial earnings beat, suggesting that consumer demand remains strong.
Prices at California Chipotle, McDonald's and other fast-food chains are rising following minimum wage hike. https://t.co/epIjxmkTaf Click the image to read more:
Some fast food joints in California have increased food prices by double digits after California enacted $20/ hour minimum wage. This is almost 300% of the national average minimum pay. https://t.co/aHh8WX7J7Z
We ALL Saw This Coming: Fast food Chains Get Rid of Workers After $20 Minimum Wage Hike https://t.co/qCEowE72Ei
Prices at California Chipotle, McDonald's and other fast-food chains are rising following minimum wage hike https://t.co/s9jS7w6t26
WHO KNEW? Fast food restaurants are quickly replacing cashiers with kiosks after California's new $20 minimum wage https://t.co/nxZm4a2l2O https://t.co/nxZm4a2l2O
Chick-fil-A Price Jumps 20% on Wage Rules “This month, California raised the minimum wage to $20 an hour. It had been $16, still one of the highest of any state in the country.” https://t.co/kwMqg0lo28
Fast food chains find a way around $20 minimum wage: Get rid of the worker https://t.co/Kf8fx2xFKs https://t.co/CShpVqXnyr
"Since September, when California moved to require large fast-food chains to bump up their minimum hourly pay to $20 in April, fast-food and fast-casual restaurants in California have increased prices by 10% overall, outpacing all other states" 👀 https://t.co/MIktDZgIZR https://t.co/BDompRj86y
LEFT MANDATES INFLATION: Since September, when California moved to require large fast-food chains to bump up their minimum hourly pay to $20 in April, fast-food and fast-casual restaurants there have increased prices by 10% overall https://t.co/z5bNQVYaeq via @WSJ
Since September, when California moved to require large fast-food chains to bump up their minimum hourly pay to $20 in April, fast-food and fast-casual restaurants there have increased prices by 10% overall https://t.co/3N1D7xT96n
Between September, when Gavin Newsom signed the $20 fast food minimum wage law, and January, fast food restaurants cut about 9,500 jobs. Since April 1st when the law took effect, many fast food stores have put on hiring freezes, invested in automation, and raised its menu…
Between September, when Gavin Newsom signed the $20 fast food minimum wage law, and January, restaurants cut about 9,500 jobs. Since April 1st when the law took effect, many fast food stores have put on hiring freezes, invested in automation, and raised its menu prices. Wendy’s…
Read online that between September, when Gavin Newsom signed the $20 fast food minimum wage law, and January, restaurants cut about 9,500 jobs. Since April 1st when the law took effect, many fast food stores have put on hiring freezes, invested in automation, and raised its menu…
Some restaurant math on the CA “fast-food” minimum wage increase. Not a commentary on the politics. Just sharing some real-world numbers. $16 —> $20 = 25% increase. This increase won’t/can’t be limited to only those below the new wage. If a $16 worker goes to $20 a $20 worker…
🇺🇸 Chipotle posts big earnings beat as diners shake off higher prices https://t.co/fJEGeoQjBr
🇺🇸 Chipotle says California's minimum wage pushed menu prices up nearly 7 percent https://t.co/wopIhPdwlB
The move to making customers place orders at digital kiosks alleviates what owners say is the financial strain of rising labor costs after the minimum wage for the state's fast food workers increased on April 1 from $16 to $20 per hour. https://t.co/085S8rXihu
Fast food chains find a way around $20 minimum wage: Get rid of the workers https://t.co/UuWZwGn6z9 https://t.co/9OhqOXZfV5
LATEST JOB-KILLING POLICY SPELLS MORE BAD NEWS FOR CALIFORNIANS (The Daily Signal) California’s list of public policy failures was already long, but hiking its minimum wage to $20 an hour for fast-food workers may belong at the top. The predictable fallout in lost jobs and… https://t.co/WndoCWODXk