> As for Raising Cane’s, its CEO Kumaran told CNBC that the business is doing just fine with the mandated change in pay, as bolstered by its cult following whic

> As for Raising Cane’s, its CEO Kumaran told CNBC that the business is doing just fine with the mandated change in pay, as bolstered by its cult following which is willing to pay a bit more for its product. Last year, the franchise raised wages to an average of $19.50 hourly, Kumaran told Yahoo Finance. "Once you take care of people, the business will pay for itself,” he said. And Kumaran’s words echo today, as he notes the franchise has seen almost a positive retention rate and a “10% improvement in turnover” since the wage increase. Then why wait for California to force them to pay more?