There has been a lot of talk across the U.S. about the seemingly ever-changing minimum wage debacle. Just Tuesday, Los Angeles City Council approved the increase of minimum wage to $15 from $9 to be effective by 2020.
Los Angeles joins the rank with other major cities: San Francisco, Chico, and Seattle, which have also increased minimum wages to similar levels. The increase in wages will gradually occur over time, and business and nonprofit organizations with 25 or fewer employees have until 2021 to meet the increase.
This is going to have a huge impact for restaurant operators who already battle with slim profit margins. It further marks the importance of managing labor if restaurants want to remain in business.
Stay tuned for more updates on our blog about minimum wage hikes and what you can do about it.
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