Small-business owners brace for uncertainty as $20 hourly fast-food wage takes effect

  • 📰 L.A. Times Health
  • ⏱ Reading Time:
  • 17 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 59%

Business News

Small-Business,Uncertainty,Fast-Food

California's new minimum wage for fast food workers is celebrated by progressives and economists. But how will small businesses fare? Justin Foronda, a small-business owner in Los Angeles, shares his experiences and concerns.

Justin Foronda is the type of creative, motivated, second-generation entrepreneur who should be able to thrive in Los Angeles. Born and raised in Historic Filipinotown, Foronda opened Hifi Kitchen in 2019 and kept the doors open during the pandemic's economic disruptions through pure hustle. Last year the 37-year-old staged a Filipino holiday market across street from Hifi to draw crowds to the neighborhood. He started a board game night at the store to bring in customers.

A higher fast-food wage exerts upward pressure on all those wages, creating an additional stress for businesses already struggling to pay elevated urban rents. Restaurant and retail shops facing expensive commercial rental rates and increased supply-chain costs must now decide whether to raise prices, and by how much.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 364. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines