Restaurateurs in California are expressing their disapproval of the newly-enacted $20 minimum wage law, stating that it may hinder their ability to make money. Some owners have already started investing in neighboring states with fewer regulations. One owner claims that the law will cost him $470,000 across 10 restaurants.
Restaurateurs in California are starting to take their own action showing disapproval of the newly-enacted statewide $20 minimum wage . "We have a very finite set of economic conditions that need to be met for us to make money. And certainly, this bill has cast doubt to whether we can continue in this state," Alex Johnson, owner of five Cinnabon and five Auntie Anne’s locations in San Francisco, said on "Varney & Co." Tuesday.
"I've already started to invest in the neighboring state of Nevada," he continued, "where there just isn't so much regulation, there isn't so many different types of people telling you how to run your business." Johnson has reportedly committed to only invest in future franchise opportunities in Nevada, claiming that the Golden State’s recent $20 minimum wage law will cost him $470,000 across 10 restaurant
California Restaurateurs Minimum Wage Disapproval Regulations Nevada
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