Impact of $20 Minimum Wage on Fast-Food Franchisees in California

Major fast-food franchisee in California, Harsh Ghai, is rushing to install kiosks at his restaurants to save money as the $20 minimum wage affects businesses. The higher payroll costs are making it challenging for franchisees to remain profitable, leading to cost-cutting measures such as reducing employee hours and installing kiosks.

Rising Prices at McDonald's

The average cost of popular menu items at McDonald's has doubled in the last decade, far outpacing the rate of inflation. Some items now cost three times as much as they did in 2014, leading to concerns about affordability for consumers.