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Just when inflation was subsiding, California announced their plan to increase the minimum wage from $16 per hour to $20 for most fast-food restaurant employees. When payroll taxes are added, this will increase restaurant labor costs over 27%. Because businesses exist by making a profit, employees will be laid-off and menu prices will increase. The ...
The post Costly Consequences appeared first on Unconventional Business Network.
By Rick Boxx5
77 ratings
Just when inflation was subsiding, California announced their plan to increase the minimum wage from $16 per hour to $20 for most fast-food restaurant employees. When payroll taxes are added, this will increase restaurant labor costs over 27%. Because businesses exist by making a profit, employees will be laid-off and menu prices will increase. The ...
The post Costly Consequences appeared first on Unconventional Business Network.

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