Some restaurant workers could see big wage growth in 2023

Malaysia News News

Some restaurant workers could see big wage growth in 2023
Malaysia Latest News,Malaysia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Industry lobbyists say states like New York and Michigan could pass similar legislation to California's FAST Act.

Employees prepare food orders at a Portillo's restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022.hike their minimum wage this yearCalifornia's state minimum wage rose to $15.50 an hour on Jan. 1, but depending on the results of an ongoing court battle, fast-food workers in the state could find themselves earning as much as $22 an hour this year. And industry lobbyists say similar legislation could pass in states like New York and Michigan.

Meanwhile, average hourly wages for the industry have climbed 21% in the same period, reaching a projected $18.99 in November. And while labor costs are hard to cut since restaurants need enough workers to keep up with orders, other costs to keeping a restaurant open, like ingredients and electricity, have also grown more expensive, further eating into operators' profits.

Last year, Gov. Gavin Newsom signed a bill into law that creates a 10-person council to govern the wages and working conditions for workers of restaurant chains with more than 100 locations nationwide.

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:

CNBC /  🏆 12. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New year, new workplace: How jobs will evolve in 2023New year, new workplace: How jobs will evolve in 2023The new year brings on a new workplace dynamic for everyone. With the changing work environment, both employees and employers will be evolving.
Read more »

Construction trade group: Public funding likely to bolster industry in 2023 - Jacksonville Business JournalConstruction trade group: Public funding likely to bolster industry in 2023 - Jacksonville Business JournalIt's widely expected across the U.S. construction industry that public-sector projects will help fill an expected gap from the private side this year, but more clarity is being sought for major federal legislation and spending earmarked for infrastructure projects.
Read more »

US authorities to intensify scrutiny of crypto industry in 2023US authorities to intensify scrutiny of crypto industry in 2023The changes are set to be felt by many players in the crypto and financial services industries.
Read more »

Cruise industry poised to make strong comeback in 2023Cruise industry poised to make strong comeback in 2023More than 50% of U.S. adults say that they are just as likely or more likely to consider taking a cruise this year as they were during pre-pandemic days, according to AAA.
Read more »

‎Trillions: 23 ETFs for 2023 on Apple Podcasts‎Trillions: 23 ETFs for 2023 on Apple PodcastsOn this week's Trillions, we take a look at the 23 ETFs to watch in 2023. Here, psarofagis and scarletfu discuss $RSX, a Russia ETF that essentially froze after the invasion of Ukraine Listen on Apple podcasts:
Read more »



Render Time: 2025-02-25 15:02:42