$20 an Hour Results in Job Cuts

$20 an Hour Results in Job Cuts

By: M. Scott Morris | 2,900 Reads | 10 Shares

$20 an Hour Results in Job Cuts

%3Cp+dir%3D%22ltr%22%3EA+new+survey+of+California+fast-food+restaurants+has+found+that+a+%2420-an-hour+minimum+wage+has+resulted+in+cut+jobs+and+shuttered+locations.+The+Employment+Policies+Institute%2C+which+conducted+the+survey%2C+reported+that+the+%2420+minimum+wage+will+limit+future+growth+in+California.%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3EAccording+to+the+report%2C+89%25+of+the+200+restaurant+owners+surveyed+have+reduced+employee+hours.+Many+respondents+have+resorted+to+price+hikes+and%2For+laying+off+staff.+Respondents+said+they+expected+these+consequences+to+continue+into+2025.%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3EHere+are+key+findings+from+the+survey%3A%3C%2Fp%3E%0D%0A%3Cul%3E%0D%0A%3Cli%3EA+majority+of+those+surveyed+say+they+have+already+raised+menu+prices+%2898%25%29%2C+reduced+employee+hours+%2889%25%29%2C+have+limited+employee+shift+pick-up+or+overtime+opportunities+%2873%25%29%2C+and+reduced+staff+or+consolidated+positions+%2870%25%29+as+a+result+of+the+minimum+wage+law.%3C%2Fli%3E%0D%0A%3Cli%3EA+majority+of+restaurant+owners+say+that+in+the+next+year+they+will+have+to+raise+menu+prices+%2893%25%29%2C+reduce+employee+hours+%2887%25%29%2C+reduce+staff+or+consolidate+positions+%2874%25%29%2C+and+limit+employee+shift+pick-up+or+overtime+opportunities+%2871%25%29.%3C%2Fli%3E%0D%0A%3Cli%3E89%25+of+owners+say+they+are+less+likely+to+expand+inside+California+%28somewhat+less+likely%2C+16%25%3B+significantly+less+likely%2C+73%25%29.+A+majority+%2874%25%29+say+there+is+an+increase+in+the+likelihood+of+shutting+their+restaurants+down+%28somewhat+increase%2C+38%25%3B+significantly+increase%2C+36%25%29.%3C%2Fli%3E%0D%0A%3Cli%3EA+majority+of+respondents+%2867%25%29+say+the+minimum+wage+law+will+cost+their+restaurant+at+least+%24100%2C000+per+location+every+year.+One+in+four+say+it+will+cost+more+than+%24200%2C000+per+location+every+year.%3C%2Fli%3E%0D%0A%3C%2Ful%3E%0D%0A%3Cp+dir%3D%22ltr%22%3ETo+read+the+full+report%2C+click+%3Ca+href%3D%22https%3A%2F%2Fepionline.org%2Fapp%2Fuploads%2F2024%2F07%2F2024-06-California-Limited-Service-Restaurant-Operator-Survey-Final-Booklet.pdf%22+target%3D%22_blank%22+rel%3D%22noopener%22%3Ehere%3C%2Fa%3E.%3C%2Fp%3E
Published: August 5th, 2024

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