Fast Food Chains Warn Consumers , That Worker Pay Increases
Will Impact Prices.
'Newsweek' reports that franchises have
warned an increase of the minimum wage
for fast food workers in California could also
force menu prices to climb.
As of April 1, fast food restaurants in California
will have to pay employees at least $20 an hour, an
increase of four dollars from the current $16 an hour. .
Business owners have warned that the new law,
signed in by Democratic governor Gavin Newsom,
will have an impact on margins and consumer costs. .
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
According to McDonald's numbers, the price of
the signature Big Mac burger is currently $5.89
in California, the 10th highest in the United States.
The latest data compiled by 'The Economist' shows that
the average price of a Big Mac nationwide is currently
$5.69, which is up from $5.36 at the same time in 2023. .
Last year, McDonald's , reported net profits of , almost $8.5 billion.
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers. .
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers.
Credit: Wibbitz Top Stories Duration: 01:31Published
California Voters Pass Proposition 1 , to Address Homelessness Crisis.
In a state that accounts for close to a third
of all homeless people in the United States.
California counties will now be required to
spend money "on housing and drug treatment programs" to fight homelessness, NPR reports. .
Gov. Gavin Newsom raised over
$13 million to promote the measure.
Proposition 1 represents California's first mental health system update in 20 years, NPR reports. .
This is the biggest change in
decades in how California tackles
homelessness, and a victory for
doing things radically different, Gov. Gavin Newsom, via statement.
Now, counties and local officials must
match the ambition of California voters. , Gov. Gavin Newsom, via statement.
This historic reform will only
succeed if we all kick into action
immediately – state government
and local leaders, together, Gov. Gavin Newsom, via statement.
Revenue from a tax on millionaires, enacted in 2004, brings in about $2 billion to $3 billion a year toward California's mental health budget, NPR reports. .
Counties will now be required to spend two-thirds
of that money to tackle homelessness. .
The state will also be allowed to borrow
$6.3 billion to create an additional 6,800 beds for mental health and addiction treatment.
That money can also be used to
construct 4,350 housing units. Half of
those housing units will be for veterans
Credit: Wibbitz Top Stories Duration: 01:31Published
This Day in History: , Kendrick Lamar Becomes the
First Rapper to Win the Pulitzer Prize.
April 16, 2018.
Lamar was awarded the
Pulitzer Prize for Music for his
extraordinary 2017 album, 'DAMN.'.
It was the first time the
prestigious award had been granted
to a genre outside of classical music or jazz.
According to the Pulitzer Prize administrator,
the decision to recognize
Lamar's work was unanimous.
['DAMN' is] a virtuosic song collection unified by its vernacular authenticity and rhythmic dynamism that offers affecting vignettes capturing the complexity of modern African-American life, Pulitzer Prize
Awarding Committee.
Lamar grew up during the 1990s
in Compton, CA, surrounded by the
influence of artists like Tupac Shakur and Dr. Dre.
His previous album efforts
became known for their social commentary.
A fellow nominee called Lamar
“one of the greatest living American composers, for sure.”
Credit: Wibbitz Top Stories Duration: 00:54Published
Kendall Jenner's 818 Tequila brand has stirred up a storm at Coachella -- 'cause a local bar owner claims her team ruined a beloved mural of theirs ... even.. TMZ.com
Justin Bieber's giving his fans what they want -- if just for a brief moment ... as he got back on a stage to perform live, joining Tems for her Coachella set... TMZ.com
Samsung Knocks Apple , From Top Phonemaker Spot.
Samsung Knocks Apple , From Top Phonemaker Spot.
Fox News reports that Apple's phone shipments have dropped by about 10%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
Xiaomi came in third with 14.1%.
Samsung shipped over
60 million phones during Q1 2024.
Samsung shipped over
60 million phones during Q1 2024.
Apple only shipped 50.1 million. .
Last year during the same time period,
Apple shipped 55.4 million. .
Overall, smartphone shipments rose 7.8% worldwide to 289.4 million units during Q1 2024.
The increase in Samsung shipments
could be attributed to the company's
release of Galaxy S24 series phones.
During a launch event at the beginning
of the year, Galaxy AI, which is incorporated
into the company's new smartphones,
was touted as "a new era of mobile AI.".
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts. .
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts.
Credit: Wibbitz Top Stories Duration: 01:31Published
Doja Cat turned into a chameleon at Coachella Sunday night, wearing a hodgepodge of different outfits that dazzled the crowd during her wild performance. The.. TMZ.com
House Republican leaders have lambasted President Joe Biden for his perceived inaction in enforcing existing measures against Iran. Representative Steve Scalise, the No. 2 House Republican, voiced concerns over the administration's policies allegedly facilitating Iran's oil sales, which fund terrorism. The Biden administration faces mounting pressure to deter future attacks without exacerbating regional tensions or antagonising China, a major buyer of Iranian oil.
#Biden #BidenSanctions #BidenIraq #AlSudani #BidenGaffee #USnews #Politics #IsraelIran #IranAttacksIsrael #Worldnews #Oneindia #Oneindianews
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Rob Schneider is calling BS on the notion he bombed in front of a bunch of Republican lawmakers -- calling the report a hit piece ... and even labeling it as.. TMZ.com
Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.
On April 12, President Joe Biden said that over 277,000 borrowers in more than
40 states will have $7.4 billion in student
loan debt wiped out, 'The Hill' reports. .
To date, the Biden administration has canceled $153 billion in student loan debt. .
From day one of my administration,
I promised to fight to ensure higher
education is a ticket to the middle class,
not a barrier to opportunity. , President Joe Biden, via statement.
I will never stop working to cancel
student debt – no matter how
many times Republican elected
officials try to stop us, President Joe Biden, via statement.
'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping
"public service workers, those on IDR plans," .
people who've been defrauded by educational institutions and those with disabilities. .
Republican Rep. Virginia Foxx, chair of the House Education Committee, issued a statement in response to Biden's actions. .
The administration is tone deaf.
There’s no other way to put it, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
We know that instead of doing its
job the administration focused
time, energy, and resources on
its illegal student loan scheme. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
And that has been frustrating, especially
since it has jeopardized the academic
journey of millions of students, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
But what is absolutely maddening is
that the administration is STILL not
doing its job and instead focusing on
its student loan shenanigans. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
White House press secretary Karine Jean-Pierre said, , “We know what Republicans are going to do; we can’t
stop them from that. But it’s also not going to stop the president from acting and taking action, like he is today.”
Credit: Wibbitz Top Stories Duration: 01:30Published
Japan's Prime Minister Fumio Kishida will address the Republican-led US Congress on Thursday amid continued scepticism of the role of the US in international conflicts such as the Ukraine and Israel-Hamas wars.
Credit: euronews (in English) Duration: 01:20Published
Two prominent members, Gaurav Vallabh and Sanjay Nirupam, shockingly resigned from the India National Congress, citing issues with the party's direction and stance. Vallabh's departure, posted on social media, highlighted ideological differences, while Nirupam's expulsion amid alliance tensions added to the turmoil. These exits, alongside recent defections, signal deepening problems within Congress, raising questions about its future and leadership's disconnect from reality.
#GouravVallabh #SanjayNirupam #CongressParty #Congress #UBT #Sanatan #HinduDharm #Hinduism #BJP #VijenderSingh #Politics #IndiaNews #Oneindia #Oneindianews
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