McDonald’s franchise proprietor Scott Rodrick says his enterprise has confronted price pressures since California’s minimal wage hike focused quick meals franchises on Wall Street by Maria Bartiromo.
Nearly half of U.S. states anticipate a minimal wage improve beginning Jan. 1, 2025, which is able to imply a pay elevate for about 9.2 million staff, based on current knowledge.
An evaluation by the Economic Policy Institute says 21 states will elevate their minimal wage at the beginning of the yr, together with 48 cities and counties which can be elevating their wage ranges above their respective state minimums – principally in California, Colorado and Washington.
An worker fills a bag of french fries at a department of the McDonald’s quick meals chain. This yr, California raised the minimal wage for quick meals staff to $20. In 2025, the minimal wage for different staff within the state shall be elevated to $16.50. (Matthias Balk/image Alliance through Getty Images/Getty Images)
Here are the states that may elevate the minimal wage in the beginning of the yr and the way a lot staff shall be paid:
Alaska: $11.91
Arizona: $14.70
California: $16.50
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Colorado: $14.81
Connecticut: $16.35
Delaware: $15
Illinois: $15
Maine: $14.65
Celebrity chef and restaurant proprietor Andrew Gruel joins “The Big Money Show” to debate California’s minimal wage legislation and its impression on the meals and restaurant business.
Michigan: $10.56
Minnesota: $11.13
Missouri: $13.75
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Montana: $10.55
Nebraska: $13.50
New Jersey: $15.49
New York: $15.50 ($16.50 in.) New York CityLong Island and Westchester)
The minimal wage shall be raised to $15.50 in New York state, however shall be a greenback larger in New York City, Long Island and Westchester. (iStock / iStock)
Ohio: $10.70
Rhode Island: $15
South Dakota: $11.50
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