California fast food workers received a substantial pay increase with the $20 minimum wage surpassing the $16.21 average. Despite concerns of job loss, studies suggest workers will benefit overall.
In California, about 40% of fast food employees work less than 35 hours, although half desire more hours. MIT research highlights the living wage as $27.32 for a childless single person.
Companies respond to wage increases by raising prices, and chains like McDonald's and Chipotle hint at potential price hikes. The impact of $20 minimum wage on pricing remains ambiguous.
Collection
[
|
...
]