California's New Wage Law Transforms Fast-Food Industry
Raising Cane's managers among beneficiaries as salaries rise to six figures, reshaping the economic landscape for fast-food workers.
- California's $20 hourly minimum wage for fast-food workers significantly increased manager salaries.
- Raising Cane's general managers can now earn up to $174,000 annually with bonuses.
- The wage hike has led to higher menu prices and some store closures in California.
- Other fast-food chains like Chipotle and Taco Bell also offer six-figure salaries to attract and retain talent.
- The new law marks a major shift in compensation standards within the fast-food sector.