California's Higher Minimum Wage: A Success or Failure?

Markets & Money Today | 2 Min News | The Daily News Now! - Ein Podcast von The Daily News Now! - Sonntags

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Despite Trumps criticism, Californias higher fast-food minimum wage hasnt led to widespread negative impacts. Early data shows decreased worker turnover, no restaurant closures, and continued growth in the sector. The new law, which increased wages to twenty dollars an hour for fast-food workers at chains with over sixty national locations, was a result of a compromise between the industry and unions. While some restaurant owners feel unfairly targeted, Californias fast-food industry continues to thrive, with nearly two thousand three hundred new restaurants opening in the first quarter of 2025, a five percent jump.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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