California’s FAST Act legislation went into effect April 1, where fast food chains in over 60 locations nationwide are mandated to raise the minimum wage to $20 per hour. A few big names like Starbucks (SBUX), McDonald’s (MCD), and Chipotle (CMG) will be impacted by the new law. Yahoo Finance’s Jared Blikre and Brooke DiPalma provided further details on April 1, 2024.
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