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Tag: food chain

NILES, ILLINOIS - APRIL 30: People stand at a counter inside a McDonald's fast food restaurant April 30, 2003 in Niles, Illinois. McDonald's Corporation announced that results for the quarter that ended March 31 and showed a 7 percent gain in earnings per share (before the cumulative effect of accounting changes) on higher revenues. Comparable unit sales have declined. (Photo by Tim Boyle/Getty Images)

California Food Chains Lay Off Workers, Raise Prices Ahead of April Minimum Wage Hike

In anticipation of a new $20 minimum wage law that will have a significant negative impact on food brands’ bottom lines when it goes into effect in April, a slew of fast-food restaurants in California are now beginning to fire employees and raise prices.

Read More California Food Chains Lay Off Workers, Raise Prices Ahead of April Minimum Wage Hike
A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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