California's $20 Fast Food Wage: Side Effects & Solutions
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Californias minimum wage hike to $20 an hour in fast-food chains, as per AB1228, is facing backlash. A UC Santa Cruz study reveals potential drawbacks: reduced worker hours, increased menu prices, and job losses due to automation. Despite state officials claims of economic boost, the study shows a significant drop in hours and job applications. Businesses are turning to technology to cut costs, potentially reducing overall earnings for workers. Researchers suggest alternative solutions to mitigate the impact.
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