California Dreaming: The Effects of California's "Fast Food" Minimum Wage
“As a multitude of academic studies have shown, a minimum wage increase for fast food (especially as high as this one with unprecedented narrow market coverage) will far more likely cause covered restaurants to cut their workforces, either by laying off workers or reducing their hours. This means that even workers who keep their low-wage jobs but get fewer hours could be induced to move to non-covered jobs with more hours in higher-level restaurants.”
One of LA’s most popular food trucks has ended its run — and more LA restaurant closures
"Los Angeles’s restaurants continue to face difficult headwinds that picked up in the second half of 2023 and led to an industry-wide slowdown. From the lingering impacts of the Hollywood strikes to adverse weather and increased costs (labor, rent, ingredients, etc.), a plethora of variables continue to batter restaurant owners who operate on razor-thin margins. Here is a running list of restaurant closures beginning from the last days of 2023 to April 2024."
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This restaurant tipflation ‘scam’ exposes our complicated feelings about tipping
“… tip fatigue is real, and amid the rising price of just about everything, but especially food, many Americans feel like dining out is becoming a more distant and unachievable luxury than it’s ever been. Even McDonald’s reported lower-than-expected profits this week, citing the fact that “all income cohorts are seeking value.” When you layer a generous tip on top of an already expensive entree, that might be a good chunk of your disposable income.”
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NEWS YOU NEED TO KNOW: It's time to FIX PAGA (Private Attorneys General Act)
The lawsuit-first approach of PAGA has proven to be a failure for employees, small businesses, non-profits, and others. The CRA and several other CA trade associations have tirelessly worked to qualify a PAGA Reform measure of utmost importance—the Fair Pay and Employer Accountability Act—which will appear before voters on the November 2024 ballot. Even as these reform efforts gain traction, new forces have emerged in attempts to get the legislature to make PAGA worse via AB 2288. The State Legislature should reject AB 2288 and, instead, fix PAGA and expand on existing Labor and Workforce Development Agency processes, which are proven to resolve employee claims faster and provide workers with more restitution.
In the next few days, we will send an "Action Alert" to your inbox. You can contact your state legislators and urge them to support the reform through our user-friendly platform. Sabrina tells us more about PAGA in this week's News You Need to Know.
MARKETPLACE PARTNER RESOURCE: Protecting your business: Fraudulent authorization testing is on the rise
Ecommerce attacks are on the rise across the payments industry, regardless of which card not present products merchants use. Since every transaction has an authorization cost, this fraudulent activity can cost your business money and put it at risk of chargebacks.
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