The Impacts of the Minimum Wage Increase on Fast Food Workers

💰Fast food workers will receive a 25% increase in minimum wage, raising it from $16 to $20 per hour.

👨‍🍳The new law only applies to fast food restaurant employees and excludes restaurants with table service and grocery establishments.

📉Some worry that the wage increase could lead to layoffs and potentially impact the overall economy.

📚Economists believe that the impact of the wage increase will be minimal due to the relatively small jump from the previous minimum wage.

🛍️The law aims to provide an opportunity for fast food workers to save for college and other financial goals.

Who does the minimum wage increase apply to?

—The minimum wage increase specifically applies to fast food restaurant employees in chains with at least 60 establishments and primarily engaged in selling food and drinks for immediate consumption.

What is the new minimum wage for fast food workers?

—The minimum wage for fast food workers will increase by $4, from $16 to $20 per hour.

Will the wage increase lead to layoffs?

—There are concerns that the wage increase could result in potential layoffs, but economists predict that the impact will be minimal.

Will the higher minimum wage cause higher prices for fast food?

—There might be a small impact on prices, but it is not expected to have a significant effect nationwide.

Are all fast food workers eligible for the minimum wage increase?

—Yes, all fast food workers covered by the law will be eligible for the minimum wage increase.

00:00The minimum wage for fast food workers is increasing by $4 to $20 per hour.

00:29Workers at fast food chains with at least 60 establishments are eligible for the wage increase.

00:51Some worry that the increase could lead to layoffs.

01:35Economists believe the impact on the overall economy will be minimal.

02:12The law primarily applies to fast food restaurants and excludes table-service restaurants and grocery establishments.