Fast-food franchisees in California fear they'll lose customers to Chili's and Applebee's as prices soar over $20 wage

Tech Insider
Signs for casual dining and fast food restaurants are seen along U.S Route 11 in Bloomsburg PA
Fast-food franchisees in California are raising prices to offset the state's new $20 wage.

Paul Weaver/SOPA Images/LightRocket via Getty Images

Here are 5 ways fast-food restaurants in California are cutting costs to cover the new minimum wage

Tech Insider : Economy
A view of McDonald's, on Crenshaw Blvd. in south Los Angeles Friday, March 29, 2024
McDonald's.

Allen J. Schaben/Los Angeles Times via Getty Images

Here's why James Carville believes Biden's been 'the best president that Black America's ever had'

Tech Insider : Politics, Economy
Biden
President Joe Biden speaks about investing in clean energy manufacturing at CS Wind in Pueblo, Colorado.

AP Photo/Andrew Harnik

America's economy is being wildly mismeasured

Tech Insider : Economy, Politics
A stock line as the neck of an ostrich in the ground
The surveys and polls that help us understand the lived experience of Americans are getting less reliable.

Chris Gash for BI

When was the last time you picked up a phone call from an unknown number?

California is putting up minimum wages to $20 an hour for fast-food chains – and it's likely going to drive up wages in other industries, too

Tech Insider
A clerk packs customers' items at a checkout in a convenience store

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Inflation will rebound first before ultimately falling as wages and global conflicts push prices higher, BlackRock's chief investment strategist warns

Tech Insider : Economy
People riding a rollercoaster

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California's $20 minimum wage for fast-food workers could make burgers and chicken so expensive that people just buy more groceries instead

Tech Insider
Men eating hamburger and fries from fast-food joint
Californian diners may ditch fast food and choose to cook at home instead.

Jonathan Knowles/Getty Images

Salaries in Russia rose by over 7% last year, further showing how the war is boosting the country's economy

Tech Insider : Economy, Economy
A man walks past a recruitment poster for the army, reading:
A man walks past a recruitment poster for the army, reading: "Our profession is to defend the Fatheland," June 20, 2023 in Moscow, Russia.

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The new jobs report was great. But maybe don't go looking for a new gig just yet.

Tech Insider : Economy
Photo collage featuring a focused truck driver holding steering wheel of a truck and businesswoman working late in office
Workers have been on a roller coaster over the past four years, and while the job market is still strong, it may be settling down a bit.

Getty Images; Alyssa Powell/BI

The Fed will slash rates 6 times this year as recession spreads across the US and the job market deteriorates, market veteran says

Tech Insider : Economy
Fed Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell.

Alex Wong/Getty Images

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