Posted on 05/30/2014 11:53:50 AM PDT by NormsRevenge
CKE Restaurants' roots began in California roughly seven decades ago, but you won't see the parent company of Carl's Jr. and Hardee's expanding there much anymore. Related Stories
What's causing what company CEO Andy Puzder describes as "very little growth" in the state?
In part it's because "the minimum wage is so high so it's harder to come up with profitable business models," Puzder said in an interview. The state's minimum wage is set to rise to $9 in July, making it among the nation's highest, and $10 by January 2016.
In cities in other states where the minimum wage has gone up considerably, Puzder said "franchisees are closing locations" after riding out lease expirations.
(Excerpt) Read more at finance.yahoo.com ...
“People will learn how to cook at home again and find out how much better it tastes than fast food...”
That is my thought as well.
Less fast food would probably have positive benefits to society.
I totally agree.
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