💰Fast food workers in California will make $20 per hour by April 2024.
📈Prices of fast food items are expected to increase, but not as much as predicted.
👥Up to 50,000 jobs in California may be lost as a result of the new law.
⏰Longer lines and dirtier restaurants could be potential consequences of the wage increase.
💸Consumer prices may also rise as a result of the new minimum wage law.
How much will prices increase at fast food restaurants?
—The exact amount of price increases at fast food restaurants is unknown, but economists predict a moderate increase.
How many jobs may be lost due to the new minimum wage law?
—Estimates suggest that up to 50,000 jobs may be lost in California.
What are some potential consequences of the wage increase?
—Potential consequences include longer lines, dirtier restaurants, and potential price increases for consumers.
When will the new minimum wage law go into effect?
—The new minimum wage law will go into effect on April 1st, 2024.
Will all fast food chains raise their prices?
—It is likely that all fast food chains will raise their prices, but the exact amount is unknown.
00:00California's new minimum wage law will raise fast food workers' hourly pay to $20 by April 1st, 2024.
01:30Economists predict that prices of fast food items will increase, but not as much as initially expected.
02:21Estimates suggest that up to 50,000 jobs may be lost in California as a result of the new law.
02:38Potential consequences of the wage increase include longer lines, dirtier restaurants, and potential price increases for consumers.
02:43It is likely that all fast food chains will raise their prices, but the exact amount is unknown.
