California fast-food businesses prepare to raise prices due to minimum wage law increase to $20/hour, effective April 1, 2024; McDonald's and Chipotle announce price hikes in response.

California's $20 per hour minimum wage for fast-food workers will take effect on April 1, 2024. This new law excludes restaurants that make and sell their own bread. Businesses such as McDonald's and Chipotle are expected to raise prices in response to the increased labor costs. Fast-food chains have expressed that everyone will have to pay more to cover these costs. The upcoming minimum wage hike is expected to cause a significant increase in consumer prices in California, where a burger already costs $7.02.

February 05, 2024
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