Fast food has become a luxury in California, a franchisee says

Tech Insider : Economy
Photo of hands holding a hot dog and fries covered in ketchup. Some ketchup is on the table
A combination of wage and labor inflation pushed fast-food prices up during the pandemic.

Jonathan Knowles/Getty Images

A California franchisee says he's reducing staffing, raising prices, and mulling kiosks to cover the $20 wage. Closing stores is a last resort.

Tech Insider
Healthy acai bowl with granola, fresh fruits and berries for breakfast, served in a bowl on a wooden table alongside a cup of coffee and glass of water
A Vitality Bowls franchisee in San Jose told BI how he's trying to absorb California's $20 minimum wage for fast-food workers.

Alexander Spatari/Getty Images

Trying to win the AI war is going to be expensive. Really, really expensive.

Tech Insider
Demis Hassabis arrives at the
DeepMind CEO Demis Hassabis.

Samuel de Roman/Getty Images

A former TikTok employee says he had a boss he never met, which concealed the platform's close ties to China

Tech Insider
tiktok bytedance china
TikTok is owned by ByteDance.

Reuters

1.5 billion more passengers flew last year than in 2022. These are the 10 busiest airports in the world.

Tech Insider : Travel, Travel
Travelers wait in line before they are allowed to search for their luggage in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado.
Travelers wait in line at Denver International Airport, the world's sixth busiest airport.

Michael Ciaglo/Getty

BlackRock's Larry Fink thinks AI will boost wages — and productivity

Tech Insider
Larry Fink
BlackRock CEO Larry Fink.

AP

Jamie Dimon made $183 million from selling JPMorgan stock

Tech Insider
jamie dimon
JPMorgan CEO Jamie Dimon.

Chip Somodevilla/Getty Images

Big names are leaving Tesla. An analyst says Elon Musk has to quickly lay out what the layoffs mean.

Tech Insider
Tesla logo in red

SOPA Images/Getty

Zuckerberg isn't on the hook for kids' Instagram addiction, a judge just ruled

Tech Insider
Meta CEO Mark Zuckerberg pointing
Zuckerberg faced lawsuits that alleged he was liable for kids' addiction to Meta products.

Brendan Smialowski/Getty Images

A person was taken to hospital after a gallon of ammonia was spilled in a Gordon Ramsay restaurant

Tech Insider
Gordon Ramsay on Kitchen Nightmares in June 2023.
Gordon Ramsay on "Kitchen Nightmares" in June 2023.

FOX/Getty Images

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