Posted on 04/21/2024 5:09:01 PM PDT by nickcarraway
In California, a Foster’s Freeze location closed and laid off its workers due to a new $20 per hour minimum wage that took effect April 1st.
The wage increase was mandated by Governor Gavin Newsom under a law raising the fast food minimum wage by 25% to $20 an hour.
The assistant manager said the owner could no longer afford the higher salaries.
Some employees initially thought it was an April Fool’s joke. Prior reports indicated many California restaurants had already begun layoffs anticipating the wage hike.
While economists debate the impacts of minimum wage increases, the restaurant industry is often hardest hit due to tight profit margins.
California currently has the highest unemployment rate in the US at 5.3% as of February, indicating the minimum wage law has led to job losses.
I presume that is a government supplied statistic.
Is this the guy what told them they’d see it thru and then once they were safely out locked the doors? Because that could be interpreted as respecting what they might actually do otherwise.
I recall that I was getting paid $2.50 an hour at my part time job while in High School before I went into the Navy in 1975.
I have a pay stub as an E-3 from 1977, I think...something like $5,500 a year...I think. Of course, I didn’t work an eight hour day when deployed, we worked 12 on-12 off while at sea.
So I guess, half the time in a year while deployed I was making $1.60 an hour, and the rest of the time when I ashore, I was making $2.85 an hour...:)
It’s a Cal only chain with 65 locations. Make that 64 now.
I thought it was Joe Biden commenting on his uncle’s demise.
Got it. So that was only about $11 today.
Years ago, a couple liberal DJs in Omaha were talking about a property tax increase & how it was good to be able to stick it to the landlords. A caller told them that the tax increase would be passed onto the tenants in the form of rental increases and the DJs were beside themselves that this would be allowed. Both are “college” graduates and they thought an increase would only impact the landlord. Idiots.
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