San Diego based Jack in the Box just announced it will be closing 150-200 restaurants “to improve long-term financial performance across its restaurant system, strengthen its balance sheet and demonstrate its commitment to running an asset-light business model — all...
“The minimum wage law very cleverly is misnamed,” Economist Thomas Sowell said. “The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them...
By the time California Governor Gavin Newsom signed into law the $20 minimum wage for fast food workers, he had been warned by many that it would be devastating for the industry, but he did it anyway. Now, 16,000 fast...
The California Fast Food Council approved a motion to consider raising the minimum wage for fast food workers by another 70 cents per hour on Wednesday, with a vote on the matter expected at their next meeting in either April...
Last week the Globe reported on a new study by the Berkeley Research Group admitting that California’s $20 minimum wage for fast food workers has led to job losses, higher food prices, and increased automation in the industry. The BRG study...
“Countries with minimum wage laws almost invariably have higher rates of unemployment than countries without minimum wage laws,” Economist Thomas Sowell explained in 2013. “As for being ‘compassionate’ toward ‘the poor,’ this assumes that there is some enduring class of...
California Governor Gavin Newsom is grasping at straws. Without question, new quarterly government (QCEW) data shows that California has lost thousands of jobs since the Governor’s $20 fast food minimum wage law was signed into law. The data doesn’t lie,...