California Fast-Food Workers to Receive $20 Minimum Wage Starting Today

WHEN MONEY DIES

California Fast-Food Workers to Receive $20 Minimum Wage Starting Today (Read More)

California's Fast-Food Hike

• Price Increases: Menu prices set to rise for Chipotle, McDonald's, and more to offset labor costs.

• Industry Impact: Layoffs and reduced hours affecting fast-food franchise employees.

• California Raise: Key points regarding the $20 minimum wage law and its repercussions.

Workers' Concerns

• Labor Market: Challenges and adjustments for fast-food workers in response to the law.

• Financial Burden: Impact of steep wage increase on worker hours and job stability.

• Future Negotiations: Union involvement and benefits for workers in ongoing discussions.

Industry Evolution

• Automation: Moving towards increased automation to offset rising labor costs.

• Brand Responses: Strategies employed by companies like McDonald's and Starbucks to manage new wage standards.

• Economic Outlook: Potential effects on pricing, hiring, and operational efficiency in the industry.

TRIPLE NET TENDIES

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NET LEASE NUGGIES

• BJ’s Wholesale Club continues expansion, announces new store locations. The retailer plans to open five new clubs: Marysville, TN; Myrtle Beach, SC; Palm Coast, and West Palm Beach, FL; and Carmel, IN. BJ’s intends to open 12 new clubs and 15 gas stations this fiscal year. (Read More)

• Aldi expands with new store in Georgia Aldi is setting up a new location in East Ellijay, GA. Aldi aims to provide a smarter, faster, and more affordable shopping experience. (Read More)

• Swig CEO Rian McCartan departs; Alex Dunn steps in as interim CEO amidst company changes McCartan, previously with See’s Candy and American Eagle Outfitters, led Swig's expansion, with 20% unit growth. The Larry H. Miller Company acquired a majority stake, with founder Nicole Tanner and private-equity firm Savory Fund as minority stakeholders. Known for trademarked "dirty sodas," Swig is expanding nationally after starting franchising. (Read More)
  

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