Nearly half a million food workers in California will now earn at least $20/hour, affecting small franchise owners more than major national chains like McDonald's.
Key Points
California food workers to earn at least $20/hour
Major national chains like McDonald's not expected to be affected
Small franchise owners likely to be impacted
Pros
Improvement in wages for nearly half a million food workers in California
Potential increase in overall standard of living for affected workers
Cons
Small franchise owners may face financial challenges due to the wage increase