California’s Minimum Wage Catastrophe: 10,000 Jobs Lost and Counting

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Rubio’s Coastal Grill has closed 48 underperforming locations in California due to the rising cost of doing business in the state. The closures come just two months after Governor Gavin Newsom’s $20 minimum wage mandate took effect. Rubio’s, which filed for bankruptcy in 2020, is struggling with increased labor costs and declining sales. These closures highlight the broader impact of California’s economic policies on small businesses, as fast food chains are forced to cut jobs and turn to automation to offset rising costs. Despite these challenges, 86 Rubio’s locations remain open in California, Arizona, and Nevada. The situation underscores the need for a balanced approach to wage laws to support both businesses and workers.

#CaliforniaEconomy #SmallBusinessStruggles #MinimumWageImpact

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π—§π—œπ— π—˜π—¦π—§π—”π— π—£π—¦
00:00 – Rising business costs
02:17 – California closures persist
04:08 – Exemptions controversy Panera
06:10 – Struggling to stay open
08:10 – Automation and layoffs
10:26 – Increased labor costs
12:18 – Competition and pandemic
14:08 – Labor supply issues
16:08 – Increasing food prices
18:38 – Pushback on wages

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