Fast food chains, workers are bracing for California's minimum wage increase: What to know
Fast food chains, workers are bracing for California's minimum wage increase: What to know
- March 31, 2024
- David Neumark, economics, USA Today, MSN, March 31, 2024
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Other economists say the cost of raising the minimum wage is job loss: while a corporation like McDonalds can afford to pay their workers higher wages, it doesn't mean they won't respond to price changes, said David Neumark, a professor of economics at the University of California, Irvine. "These places can't function with no low-skilled labor, but they can function with less low-skilled labor," said Neumark. The professor said that some workers will continue to keep their jobs and have minimal hours cut. Others may lose their jobs all together or see a substantial decrease in work hours.
For the full story, please visit https://www.usatoday.com/story/money/2024/03/31/california-fast-food-minimum-wage/73136786007/.
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