4 ms·
> Fast food restaurants clearly realize more than $20/hr in economic value from their hourly employees in California, much like they do in Europe. This is cert
by nwiswell 3y ago
> Fast food restaurants clearly realize more than $20/hr in economic value from their hourly employees in California, much like they do in Europe.
This is certainly true on the whole, but it is not necessarily true at the margin. It's quite likely that in response, fast food restaurants will be motivated to slim down their staffing more than they would otherwise.
Keeping the store open might well be worth $30/hour per remaining employee, but the new equilibrium might involve things like closing drive thrus, moving to digital-only checkout, very high productivity expectations, etc.