New $20 minimum wage for fast food workers in California set to start Monday

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New $20 minimum wage for fast food workers in California set to start Monday
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Most of California's fast food workers are set to be paid at least $20 per hour under a new law to take effect on Monday.

will be paid at least $20 an hour beginning Monday when a new law is scheduled to kick in giving more financial security to an historically low-paying profession while threatening to raise prices in a state already known for its high cost of living.

“The $20 raise is great. I wish this would have come sooner,” Vilorio said through a translator. “Because I would not have been looking for so many other jobs in different places.”The law was supported by the trade association representing fast food franchise owners. But since it passed, many franchise owners have bemoaned the impact the law is having on them, especially during California's slowing economy.

“I have to consider selling and even closing my business,” he said. “The profit margin has become too slim when you factor in all the other expenses that are also going up.” “I was surprised at how little, or how difficult it was to find disemployment effects. If anything, we find positive employment effects,” Reich said.34-year-old making $49,000 a month in passive income: What I always tell people who want to build successful side hustlesPlus, Reich said while the statewide minimum wage is $16 per hour, many of the state's larger cities have their own minimum wage laws setting the rate higher than that.

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New $20 minimum wage for fast food workers in California set to start MondayNew $20 minimum wage for fast food workers in California set to start MondayMost of California's fast food workers are set to be paid at least $20 per hour.
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