Overview

• Fast food companies agreed to increase minimum wage to $20/hr in April 2024 for chains with 60+ locations.
• Deal avoids costly referendum fight over worker protections law AB 257 set for 2024 ballot.
• Wage could increase annually until 2029 as set by new Fast Food Council.
• Council will also set standards on working conditions and investigate wage theft claims.
• Deal contingent on state legislature approval and withdrawal of restaurant referendum proposal.