California to Raise Minimum Wage for Fast Food Workers to $20 per Hour by 2024
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California will raise minimum wage for fast food workers to $20/hr in 2024, up from current $15.50/hr.
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Fast food industry groups oppose wage hike, say it will be financially "devastating" for franchise owners.
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Wage increase resulted from compromise between unions and fast food companies.
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Unclear how mandatory raise will impact prices and wages in other sectors.
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NYC recently raised minimum wage for delivery drivers to $18/hr, with further increases scheduled.