How fast food prices in California changed after the minimum wage hike [Yahoo! Finance]
McDonald's Corporation (MCD)
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Source: Yahoo! Finance
Assembly Bill 1228 , which took effect on April 1, raised wages for hundreds of thousands of employees who had been earning an average of $16.21 per hour. As of July, the state had approximately 750,000 fast food jobs, roughly 11,000 more than when the law took effect, according to the U.S. Bureau of Labor Statistics. “We find that the policy increased average hourly pay by a remarkable 18 percent, and yet it did not reduce employment,” the researchers concluded. Industry trade groups, however, argue the data does not paint an accurate picture of employment in California's fast-food sector. “One thing that is not included [in the BLS data] … is a net change,” Rebecca Paxton, Director of Research at Employment Policies Institute, recently told KTLA 5 News . “So, it's not measuring the number of folks who have lost their jobs, gained their jobs, or turnover. It's also not measuring folks that have been like reduced. They're still employed, but their hours have been reduced.”
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MCD
Earnings
- 10/29/24 - Beat
MCD
Sec Filings
- 12/23/24 - Form 4
- 12/23/24 - Form 144
- 11/26/24 - Form 4
- MCD's page on the SEC website