In a report from the Harvard Kennedy School on California’s minimum wage increase, authors Daniel Schneider, Kristen Harknett and Kevin Bruey argue that there have been no adverse effects on hours, scheduling, or benefits from legislation requiring $20 an hour wage for fast-food worker, but those workers are all from large fast-food chains. The study only looked at large fast-food companies and did not consider small businesses who would have much more difficulty in meeting the demands of the minimum wage law.
The report does not exhaustively list the fast-food outlets used as the basis of the report, only noting that “front line workers at some of the nation’s largest firms—from McDonald’s to Chipotle— contend with unstable schedules, limited benefits, and chronically low wages.”
The authors laud California as being “at the vanguard of progressive and innovative protections for fast food workers” and insists the state raising the minimum wage by $4 on Apr. 1, 2024 to $20 was one of these progressive and innovative protections” and constituted the largest such wage increase in US history.
The report found that “California fast food workers experienced substantial wage increases immediately after the new minimum wage went into effect” as the average hourly wage for fast food workers “increased by at least $2.50” while workers less than $20 fell by about 60 percent. […]
— Read More: thepostmillennial.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.