Welcome to First Bite, a Nation’s Restaurant News podcast, your daily source of news from NRN hosted by Holly Petre.
Today, we’re talking about the impact of the FAST Recovery Act
The new FAST Recovery Act from California, which was signed into law on Labor Day by Governor Gavin Newsom, has been heralded as bad for business by the businesses themselves. The act could raise the minimum wage for fast-food workers from $15 per hour to a ceiling of $22 per hour, based on the recommendation of a bipartisan council. This could be potentially deadly for some franchisees of major quick-service and fast-casual players who operate as small businesses, according to experts we’ve spoken to.
Hear what Joanna Fantozzi has to say about this and what one expert she spoke to had to say on the matter.
Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode.