So the demand for fast food goes away too?
#1 Running a business in the red is untenable whether or not the owner has sufficient money to retire. ,
#2 Fast food is supposed to be inexpensive. As cost to consumer rises eating home or packing lunch becomes preferable.
I think California wants people to stop eating at fast food places and eat healthier. It’s for their own good...says the government of California. lol
“So the demand for fast food goes away too?”
It’s reduced, of course. Thousands of people (if not millions) will now have to learn to cook at home.