Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices
Fast Food Chains Warn Consumers , That Worker Pay Increases
Will Impact Prices.
'Newsweek' reports that franchises have
warned an increase of the minimum wage
for fast food workers in California could also
force menu prices to climb.
As of April 1, fast food restaurants in California
will have to pay employees at least $20 an hour, an
increase of four dollars from the current $16 an hour.
.
Business owners have warned that the new law,
signed in by Democratic governor Gavin Newsom,
will have an impact on margins and consumer costs.
.
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
According to McDonald's numbers, the price of
the signature Big Mac burger is currently $5.89
in California, the 10th highest in the United States.
The latest data compiled by 'The Economist' shows that
the average price of a Big Mac nationwide is currently
$5.69, which is up from $5.36 at the same time in 2023.
.
Last year, McDonald's , reported net profits of , almost $8.5 billion.
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers.
.
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers.
Biden Wonât Drop Out of Race , After Shaky Debate Performance, Campaign Official Says.
President Biden and former President Trump took part in a debate on June 27.
President Biden and former President Trump took part in a debate on June 27.
According to a CNN flash poll,
67% of viewers said Trump won the debate.
According to a CNN flash poll,
67% of viewers said Trump won the debate.
Biden's performance was noticeably concerning. .
One former Biden aide found themselves asking, âWhat did he just say?
This is crazy,â Politico reports. .
When the president wasn't speaking incoherently, he was standing with his mouth agape and staring into the distance, prompting many Democrats to call for a new presidential candidate, 'The Hill' reports. .
My job right now is to be really honest.
Joe Biden had one thing he had to do
tonight. And he didnât do it, Former Sen. Claire McCaskill, to MSNBC .
He had one thing he had to accomplish.
And that was reassure America that
he was up to the job at his age.
And he failed at that tonight, Former Sen. Claire McCaskill, to MSNBC .
Biden needs to drop out.
No question about it, Prominent Biden campaign donor, via Politico.
But Seth Schuster, Biden's campaign
spokesperson, said in a text message,
"Of course he's not dropping out," 'The Hill' reports. .
Even though Biden intends to stay in the race,
if things don't go his way, there are six people who
could potentially take his place, 'The Guardian' reports. .
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips.
They are Kamala Harris, Gavin Newsom,
J.B. Pritzker, Gretchen Whitmer,
Sherrod Brown and Dean Phillips
Credit: Wibbitz Top Stories Duration: 01:31Published
Voters Donât Think Kamala Harris Could Win , an Election as Democratic Nominee, Survey Finds.
Amid speculation about Biden's advanced
age, Harris has previously said she's
ready to be president "if necessary." .
Amid speculation about Biden's advanced
age, Harris has previously said she's
ready to be president "if necessary." .
But what if she received a Democratic presidential candidate nomination?.
According to a Politico/Morning
Consult poll released on June 12, .
only a third of voters think Vice President Harris could win an election as a Democratic presidential nominee, 'The Hill' reports. .
14% of voters thought her chances of becoming president would be very likely.
while 20% think she'd be
only somewhat likely to win.
37% said it's not at all likely
that she would win. .
Meanwhile, 21% said they'd want Harris to be the Democratic nominee if Biden wasn't running.
10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg.
10% said they'd prefer Gavin Newsom, and another 10% would support Pete Buttigieg.
Over 40% were unsure or indifferent. .
The poll also determined "that 42%
have a very unfavorable impression" of
both Harris and Biden, 'The Hill' reports
Credit: Wibbitz Top Stories Duration: 01:30Published
US Braces for Potentially , Dangerous Heat Wave.
NBC reports that warnings have been issued in
cities across southern and western states ahead of
a dangerous heat wave expected to start on June 5.
Cooling centers will reportedly be opened,
as temperatures are forecast to rise above
110 degrees Fahrenheit in some areas.
The heat alerts and warnings are estimated
to impact over 29 million people in a region
spanning from central California to southern Texas. .
Due to an area of high pressure,
daytime highs are estimated to rise
10 to 25 degrees above average.
On June 4, the city of San Angelo in central Texas
hit 111 degrees, the highest temperature recorded
there since it reached 112 degrees last summer.
According to the National Weather Service,
California's Central Valley could reach temperatures
"well up into the 100s at the hottest location.".
According to the National Weather Service,
California's Central Valley could reach temperatures
"well up into the 100s at the hottest location.".
Interior desert regions, including
Las Vegas, are expected to see
temperatures exceed 110 degrees. .
California's Death Valley National Park
has been predicted to reach anywhere
between 118 and 121 degrees.
California has gone to phase 2
of the state's extreme heat temperature response
plan, which includes opening cooling centers.
Extreme heat can be deadly.
Together, letâs do everything
we can to stay safe. The state
is taking action to protect
and inform communities
and Californians should
take steps now to protect
themselves from the heat. , Gavin Newsom, Governor of California, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:30Published
Shannen Doherty -- best known for her starring role in "Beverly Hills 90120"," has died in Malibu, California, TMZ has confirmed. Her rep, Leslie Sloane, tells.. TMZ.com
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McDonaldâs Releases $5 Value Meal , to Help Fight Inflation.
The fast-food chain will debut a "$5 Meal Deal"
in the U.S. beginning on June 25, CNN reports. .
We heard our fans loud and clear â
theyâre looking for even more great
value from us, and this summer
thatâs exactly what theyâll get. , Joe Erlinger, president of McDonaldâs USA, via press release.
The value meal will include either a
McDouble or a McChicken sandwich, small fries, 4-piece chicken nuggets and small drink.
The value meal will include either a
McDouble or a McChicken sandwich, small fries, 4-piece chicken nuggets and small drink.
However, it will only be
available for a limited time.
Social media has been rife with consumers complaining about the prices of fast food lately, including the cost of food at McDonald's.
Social media has been rife with consumers complaining about the prices of fast food lately, including the cost of food at McDonald's.
Joe Erlinger, president of McDonaldâs USA, put out a letter citing âviral social posts and poorly sourced reports that McDonaldâs has raised prices significantly beyond inflationary rates.â.
The average price of a Big Mac
in the U.S. was $4.39 in 2019, Joe Erlinger, president of McDonaldâs USA, via press release.
Despite a global pandemic and historic
rises in supply chain costs, wages and other
inflationary pressures in the years that
followed, the average cost is now $5.29.
Thatâs an increase of 21% (not 100%), Joe Erlinger, president of McDonaldâs USA, via press release.
Other McDonald's franchisees are
offering deals such as "buy one, get one" breakfast sandwiches to entice customers.
Affordable prices and creating
memorable moments are what
McDonaldâs is all about. , John Palmaccio, a McDonaldâs owner and chair of the
Operatorâs National Advertising Fund, via CNN.
As small business owners, itâs our
responsibility to deliver great
value to our local communities
when they need it most, John Palmaccio, a McDonaldâs owner and chair of the
Operatorâs National Advertising Fund, via CNN
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonaldâs Ends , AI Drive-Thru Test With IBM.
Fox News reports that McDonald's has decided to end its artificial intelligence drive-thru program. .
According to 'Restaurant Business,'
McDonald's Chief Restaurant Officer Mason Smoot said
the decision was made "after a thoughtful review.".
McDonald's has decided to end
our current partnership with IBM
on AOT [automated order taking]
and the technology will be shut
off in all restaurants currently testing
it no later than July 26, 2024, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
The program, which started
in 2021, saw over 100 McDonald's
locations help test the new technology.
While there have been successes
to date, we feel there is an
opportunity to explore voice
ordering solutions more broadly, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
According to Smoot, McDonald's will make
"an informed decision on a future voice
ordering solution by the end of the year." .
The goal of the test was
to determine if an automated
voice ordering solution could
simplify operations for crew
and create a faster, improved
experience for our fans, McDonald's statement, via Fox News.
The company echoed Smoot's sentiment in
a statement to Fox News, while also addressing
the future of AI programs at McDonald's.
After thoughtful review, McDonaldâs
has decided to end our current global
partnership with IBM on AOT beyond
this year. IBM remains a trusted
partner and we will still utilize
many of their products
across our global system, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News
Credit: Wibbitz Top Stories Duration: 01:30Published
âSuper Size Meâ Filmmaker
Morgan Spurlock , Dead at 53.
NBC News reports that the Oscar-nominated documentary filmmaker died on Thursday
due to cancer. .
It was a sad day, as we
said goodbye to my
brother Morgan, Morgan Spurlockâs Brother, Craig, via statement .
Morgan gave so much through his art, ideas and generosity. Today the world has lost a true creative genius and a special man. I am so proud to have worked together with him, Morgan Spurlockâs Brother, Craig, via statement .
Spurlockâs films usually dealt with sociopolical issues, his most famous being âSuper Size Me.â.
In the film, Spurlock ate only McDonaldâs for 30 days straight and documented the experience. .
The experiment had a drastic effect on both his physical and mental health.
showcasing the dangers of a poor diet and
spreading awareness on the unhealthy nutritional content from fast food restaurants.
The film was nominated for best documentary at the 2005 Academy Awards. .
Spurlock also directed "Where in the World Is
Osama bin Laden?," "The Greatest Movie Ever Sold," and "Mansome".
In 2013, he directed "One Direction:
This Is Us," a 3-D concert film.
Credit: Wibbitz Top Stories Duration: 01:31Published
Republican Presidential Candidate Donald Trump has chosen former critic JD Vance as his vice-presidential nominee. Vance, a 39-year-old Ohio Senator and author, was confirmed as VP pick by RNC delegates.
Despite past criticisms of Trump, Vance has become a strong supporter. After winning his Senate seat with Trump's endorsement in 2022, Vance is now attacking Joe Biden, calling him an "incapacitated president" and accusing Democrats of lying about Biden's health.
#JDVance #DonaldTrump #Trump2024 #TrumpAttack #TrumpVance #TrumpVance2024 #BidenHarris #RepublicanParty #RNC2024 #NationalConvention #USElections #Worldnews #USnews #Oneindia #Oneindianews
~PR.320~HT.95~ED.102~
Rep. Jim Clyburn says the conversation about President Biden stepping aside needs to end ... saying Biden's earned the right to run, and Dems need to focus on.. TMZ.com
President Joe Biden has faced more calls from fellow Democrats to step aside in the race for the White House after making further major gaffes at the NATO.. Sky News
In a recent report by The Economist, concerns are raised about Hezbollah's formidable preparations in Lebanon, suggesting they are significantly more equipped to resist an Israeli ground invasion compared to Ukraine's previous defences against Russia. According to insights from Israeli officers and intelligence officials, Hezbollah has enhanced its capabilities across multiple fronts, posing a substantial challenge to Israeli military strategies.
#Hezbollah #IsraelConflict #MilitaryTensions #MiddleEast #DefenseStrategies #HezbollahThreat #IsraeliSecurity #MilitaryAdvancements #Lebanon #ConflictPreparation #StrategicChallenges #DroneWarfare #AirDefense #RocketBarrage #GeopoliticalTensions
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These 5 US Cities Have the , Fastest-Rising Home Prices.
'Newsweek' reports that five cities in the
United States saw home prices increase by more
than 8% between January 2023 and January 2024.
The..
Credit: Wibbitz Top Stories Duration: 01:31Published
Consumer Prices , Rose 0.4% in February.
The Bureau of Labor Statistics released
its latest data on March 12.
In February 2024, prices rose 0.4%
compared to January and 3.2% year-over-year,..
Credit: Wibbitz Top Stories Duration: 01:31Published
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