PREDICTABLE: California Fast Food Restaurants Slash Jobs as New $20 Minimum Wage is About to Take Effect
The state of California has a new $20 minimum wage going into effect on April 1st and some fast food chains are already slashing jobs.
Who could have predicted such a thing, besides almost everyone?
This will only spur more innovation in automation. Many fast food restaurants already use automated cashiers. At some point, we will see fast food restaurants that are 100 percent automated. This new minimum wage will only bring that about faster.
The New York Post reports:
Calif. fast-food chains slash workers as $20-an-hour minimum wage looms
California restaurants are reportedly laying off staff and reducing hours for other team members in an effort to cut costs ahead of a California state law taking effect on April 1 that will raise fast-food workers’ hourly wage to $20.
