JOURNAL ARTICLE

How Panera Bread Ducked California's New $20 Minimum Wage Law.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Sirtori-Cortina, Daniela; Kamisher, Eliyahu; Eidelson, Josh 3 of 3

Abstract

A California law set to raise the state minimum wage for fast-food workers to $20 an hour has an exemption for chains that bake and sell bread as a standalone item. This exemption has raised questions and puzzled observers, especially since Governor Gavin Newsom, who pushed for the break, has a longstanding relationship with billionaire Greg Flynn, the owner of two dozen Panera Bread locations in California. While Panera and other bakeries benefit from the exemption, competitors are preparing for higher costs when the law takes effect in April. The fast-food industry has criticized the law, with large chains like McDonald's campaigning to repeal it. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/02, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:175720959
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