California restaurant owner warns $20 minimum wage will force small businesses to close, favor big corporations
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Restaurant owner Angela Marsden believes the new $20 minimum wage in California will lead to massive layoffs and job losses, as well as increasing menu prices significantly.
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Marsden claims the wage hike is "collapsing" small mom-and-pop restaurants, while favoring big corporations that can afford it.
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She believes the higher costs will be passed on to consumers through much higher prices, calling it a "silent tax."
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Marsden says a friend with 7 McDonald's franchises plans to close 4 locations due to higher employment costs.
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She hypothesizes that Governor Newsom wants to push the industry towards artificial intelligence solutions to stay open.