California fast-food workers are now making $20 an hour. Other businesses might have to catch up.
Businesses outside the restaurant industry are also eyeing the wage increase for fast-food workers.
Jennifer Perez, owner of Growing Roots, monitors hikes in industries outside her own to remain competitive. She gave workers raises this year ahead of the fast-food hike. Workers without experience are making $19 an hour, on the lowest end of her pay scale, and more than $2 above the local minimum. They also have paid time off, and health, vision and dental insurance.
“It’s a ripple effect, because I’m not part of that industry,” Perez told CNBC of the fast-food increase. “I’m always over minimum wage, but since that keeps increasing and increasing, and it’s a 25% increase from $16 to $20, it’s definitely something to think about.”
Source: CNBC.com – Click here to read full article, and watch the video, posted on CNBC.com.