California's Minimum Wage Hike: A Game-Changer for Franchise Owners and Fast-Food Workers

California is set to raise its minimum wage for fast-food workers to $20 an hour, prompting concerns from franchise owners about the dramatic impact on their businesses and the potential need to raise prices. The law, supported by the trade association representing fast-food franchise owners, aims to provide financial security to workers in a historically low-paying profession. However, franchise owners worry about the unprecedented nature of the change and its potential repercussions on their businesses in California's slowing economy.