California fast food workers now make $20 minimum wage

The video discusses the high cost of living in California and the recent increase in minimum wage for fast food workers to $20 an hour. This change affects large fast food chains and poses challenges for franchise owners, who may resort to automation or price hikes. While some chains plan to increase prices, experts suggest that previous wage hikes did not negatively impact employment. The video also explores potential future implications for other states and businesses.

What is the new minimum wage for fast food workers in California?

• $15 an hour

• $18 an hour

• $22 an hour

• $20 an hour

Which type of fast food chains are affected by the wage increase?

• Chains with less than 60 locations nationwide

• Chains with more than 60 locations nationwide

• All fast food chains regardless of size

• Only local fast food chains

What challenge is faced by franchise owners due to the wage increase?

• Increased competition

• Potential layoffs and price hikes

• Expansion of business

• Need to hire more staff

What did labor economist Michael Reich say about the last minimum wage increase in California?

• Wages went up and employment stayed steady

• It caused a significant rise in prices

• It had no impact on the industry

• It led to a decrease in employment

What potential impact could California's wage change have on other states?

• It could lead to a decrease in wages

• It might incentivize other states to increase wages

• It will cause other states to lower their cost of living

• It will have no impact on other states