California introduced a $20 minimum wage for fast-food workers a year ago. A cost-of-living adjustment of up to 70 cents is up for discussion now.
- Fast Food Council, which includes workers, restaurant owners, and state officials, approved a motion to consider the increase in an upcoming meeting (April or May)
- no vote will be taken then
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The Fast Food Council can approve annual wage hikes of up to 3.5% or match inflation, whichever is lower.
This looks to be very early stages. A wage hike is likely to trickle across other jurisdictions. the Fed will be watching.