California's $20 Minimum Wage: Job Cuts & Price Hikes
Portland Maine 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 has led to increased job applications, but businesses are struggling to offer enough hours and positions, resulting in reduced shifts, higher menu prices, and self-service kiosks. Industry leaders report store closures and layoffs, with one Central Valley McDonalds group seeing a 11.5% drop in worker hours. Smaller businesses also feel the pinch, even if theyre not required to meet the higher wage. However, a recent UC Berkeley study suggests that pay increases havent led to job cuts or significant price hikes. The full impact of the wage hike is still unfolding.
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