🔝Fast food workers in California will soon make at least $20 per hour, the highest minimum wage in the restaurant industry.
💰Advocates argue that the increase is necessary due to the high cost of living and inflation.
🏭The new law will impact more than half a million workers in California and only applies to fast food chains with at least 60 locations nationwide.
📉Some small business owners worry that they won't be able to compete with the wage increase and may have to raise prices or make job cuts.
☕️Starbucks and McDonald's plan to offset the minimum wage increase by changing pricing and implementing efficiencies in their stores.