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5.7928440354075E-06 0.000424164913258592 0.00100344931679843 0.0011321791842516 0.000585077247575243 0.000359799979532004 0.000359799979532004 0.000359799979532004
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California's $20 fast-food wage tied to unintended effects, study finds [USA TODAY]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: USA TODAY
California's $20 minimum wage for fast-food workers — and prompting a sharp rebuttal from Gov. Gavin Newsom's office. The study, released late last year, suggests the landmark wage hike may be producing unintended consequences across the state's fast-food industry, including reduced worker hours, higher menu prices and growing pressure on franchise owners to cut costs or automate jobs. “ Based on what we've found , I think this legislation is a classic case of ‘no good deed goes unpunished,'” UC Santa Cruz Economics Lecturer Stephen Owen, who conducted the study, said in a March 18 news release. “There are unintended consequences and knock-on effects, and overall, I think the results have definitely not been as positive as policymakers had been expecting.” State officials strongly dispute those findings. “The 'analysis' is based on a handful of interviews on one street in Santa Cruz. It isn't peer-reviewed, and its claims are flat wrong,” said Tara Gallegos, a spokesperson for t Show less Read more
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