The Foster's Freeze team in Lemoore, California, felt "shock" as they learned of the restaurant's last-minute closure, Monday, following the state's $20 minimum wage law.
You said paying people enough to afford to live was going to devastate California fast food restaurants. Why will some be able to stay open despite the crushing government regulation that says they have to increase labor expense by 7%?
Labor costs are typically about 1/3 of restaurants expenses. Wages are a fraction of that, and as noted, this only applies to businesses that have over 60 establishments nationwide.
You said paying people enough to afford to live was going to devastate California fast food restaurants. Why will some be able to stay open despite the crushing government regulation that says they have to increase labor expense by 7%? Labor costs are typically about 1/3 of restaurants expenses. Wages are a fraction of that, and as noted, this only applies to businesses that have over 60 establishments nationwide.