Most fast food workers in California would get a $20 minimum wage next year — a nearly $5 per hour raise — under a deal announced Monday between labor unions and the industry that will avoid a costly referendum on the November 2024 ballot.
  • Neuromancer@lemm.ee
    3·
    1 year ago

    Labor is about 25-35% of cost.

    Here is the mistake people make. If labor goes up by 5 dollars per hour. It doesn’t mean a cheeseburger will go up by 5 dollars.

    They’ll have to recalculate prices based on volume, etc.

    People would always say double labor cost would double the end product. It shouldn’t.

    It’s why I support fair wages. Things should cost what they cost. People should be able to survive on a job.

    Now I wish wages were more regional. For rural California, 25 may not be bad. In San Francisco, this isn’t liveable.