Wendy’s, Jersey Mike’s franchise owners slash hours, jobs to offset labor costs from California’s new $20 minimum wage
Wendy’s and Jersey Mike’s franchise owners in California have cut hours and staff to offset higher labor costs caused by the state’s new $20 minimum wage. Lawrence Chen, who owns seven Wendy’s franchises with his family in Southern California, said he has not only cut his hours but also helped fill shifts at his burger […]
Everything has changed in the Required Minimum Distributions (RMD) in 2024 – 3 new rules are coming in – La Grada EN
Retirees need to consider three additional rules that will now apply to their retirement lives: Required Minimum Distributions (RMDs) This year’s minimum is the minimum amount you must withdraw from your retirement account each year. Retirement accounts like IRAs and 401(k)s have many benefits. Your retirement savings can grow through incentives like tax-free growth, tax […]
DC minimum wage hike to $17.50 goes into effect on Monday
Washington, D.C., will raise its minimum wage from $17 to $17.50 per hour for nontipped workers and from $8 to $10 per hour for tipped employees, effective Monday. The Office of Wage-Hour Compliance at the Department of Employment Services oversees the enforcement of fair compensation practices to ensure employers in the district fulfill their obligations […]
Warren, Schakowsky hammer nursing home groups over opposition to minimum staffing rule
Two Democratic lawmakers sharply criticized opposition by two national organizations to new minimum staffing requirements in nearly all U.S. nursing homes, calling it “sabotage.” “We are writing about the brazen attempt by the American Health Care Association, the National Center for Assisted Living (AHCA/NCAL) and LeadingAge to block a long-delayed CMS rule that would improve […]
Uber, Lyft agree to minimum pay, benefits in Massachusetts settlement
Uber and Lyft agreed to provide drivers with a minimum wage, paid sick leave and other benefits as part of a $175 million settlement that resolves a years-long legal battle with the state of Massachusetts. Ride-share companies would be required to pay drivers a minimum wage of $32.50 an hour, provide one hour of paid […]
30-Year-Old San Francisco McDonald’s Closes Due to $20 Minimum Wage
A longtime McDonald’s franchise in San Francisco is closing after 30 years in business due to California Gov. Gavin Newsom’s new $20 minimum wage law, the owner said. The McDonald’s at Stonestown Galleria fell victim to the economy on Sunday. Franchise owner Scott Rodrick Said He told ABC7 it was a “heartbreaking day” for him […]
San Francisco McDonald’s shutters after 30 years in latest casualty of $20 minimum wage
San Francisco chain McDonald’s has reportedly become the latest casualty of California’s new $20 minimum wage. The McDonald’s at the Stonestown Galleria shopping mall, about eight miles southwest of downtown San Francisco, closed permanently on Sunday after more than 30 years in the area. “This is a heartbreaking day for my family,” franchise owner Scott […]
Hollywood Arby’s closes over California’s $20 minimum wage
Arby’s Roast Beef, a family-owned chain that has had a presence on Sunset Boulevard in Hollywood for 55 years, is closing its doors, citing California’s recently enacted $20 an hour minimum wage law as its final “death knell.” On Tuesday, the fast-food restaurant’s iconic cowboy hat sign was captured by FOX 11’s Sky Fox cameras […]
Hollywood Arby’s shutters doors after more than 5 decades in business following minimum wage hike
See what’s clicking on FoxBusiness.com Hungry people strolling along Sunset Boulevard in Hollywood may be wondering where their meat is after an Arby’s location closes after more than 50 years in business. On Tuesday, the fast-food restaurant’s iconic cowboy hat sign was captured by FOX 11’s Sky Fox cameras and read, “Goodbye Hollywood. Thank you […]
California’s $20 minimum wage sees fewer customers: study
A study found that California’s new $20 hourly minimum wage law forced restaurants like McDonald’s, Wendy’s and Burger King to raise prices to offset rising costs, causing a sharp decline in customer traffic at popular chains. California’s new $20 an hour minimum wage law for fast-food workers has led to price hikes and reduced customer […]