California Fast Food Franchise Owner Invests Out-of-State, Citing Regulations and $20 Minimum Wage

California fast food franchise owner invests in Nevada over projected $470,000 loss from new $20 minimum wage law
Owner cites "too much regulation" and interference in California as reasons for investing out of state
Multiple California food chains have already announced layoffs due to increased labor costs
Owner says he will not expand locations or backfill positions in California due to higher costs
Governor Newsom dismissed notion fast food jobs are for teenagers, said law rewards contribution of workers