Fast food chains in California are slashing jobs - as a way to cut costs after the minimum wage in the state was hiked to $20-an-hour.
Almost 10,000 positions across chains from Pizza Hut to Burger King have been cut since the law came into effect on April 1, according to a report from a trade group in the state.
On top of that, chains have been shuttering restaurants - including beloved Mexican chain Rubio's Coastal Grill, which this week filed for Chapter 11 bankruptcy and closed 48 locations in the state.
Democrats dont care about jobs lost. They want everyone under the govt thumb. The "free" grocery store in san francisco on taxpayer dime is just the beginning. It is not sustainable but the worker bees for the democrats dont understand that. Just print more money.
ReplyDeleteWhen a grease ball government official, aka, Newsom feels good about passing regulations that screw the millionaire capitalist fast food owners there's bound to be collateral damage, but they're just useless pawns anyway, so no big deal.
ReplyDeleteGEE!!! Who could have POSSIBLY seen THIS coming?...
ReplyDeleteObviously not any Democrat voters.
DeleteCan't blame them, they still don't know which one of the 241 genders they are - if they can't even drop their own underwear and figure it out.
They are, however, connoisseurs of the finest of Tide pods.
Why control government and inflation?
ReplyDeleteFast food/fast death
ReplyDeleteHe did a good thing as now there will be less poison food available.
But really, who did not see this happening? I mean, really?
It appears that Newsom and the Cali legislature never took Economics 101! The demand-price curve for fast food is very elastic, so a slight increase in price cuts the demand way down. Since the fast food industry’s costs are roughly 20% ingredients, 40% labor, 30% overhead and 10% profit, hiking the labor costs will lead to little or negative profit and it will shut the industry down.
ReplyDeleteF**k those commie politicians that tinker with the free market; they do not have their constituents’ best interests at heart.
Let’s see what else we can monkey with. Oh, how about congestion pricing in Manhattan by charging cars $15 to enter Manhattan and about $50 for trucks so the government can piss it away on subways and busses which will remain filthy and crime-ridden no tater how much money they waste . Watch the restaurants and other businesses close up shop and leave, never to return for 5he foreseeable future.
Libs, if they touch something, they kill it!
ReplyDelete...and Gov. Nuisance thinks he's presidential material. Imagine what he'll do to the national economy if he's ever selected.
ReplyDeleteNemo
Kind of like how Justin Trudeau is fighting obesity in Canada by making food to expensive to buy.
ReplyDelete