article thumbnail

Surprise! California’s 40 Qs of Rising Minimum Wage & Fast Food Industry Growth (Beating USA)

The Big Picture

Many fast food workers (specifically) got bumped to $20/hour, from $16, in April (the law is very specific about who is eligible for the increase). Over that decade, with its minimum wage rising, California’s fast food industry has bested the rest of the US by leaps and bounds. Our story began with a Wall St.

Food 260
article thumbnail

The Price of Food Jumps Again in November, What's in Your Basket?

Mish Talk

Month-over-month CPI food prices from the BLS, chart by Mish. percent: up 11 of 11 months in 2022 Fruits and Vegetables: up 1.4%, up 9 of 11 months in 2022 Nonalcoholic Beverages: -0.3%, up 10 of 11 months in 2022 Other Food at Home: -0.1%, up 10 of 11 months in 2022 Three Major Food Categories. percent for food at home.

Food 244
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CPI Cools Significantly in November But Rent and Food Still Sharply Increasing

Mish Talk

The food index increased 0.5 percent over the month with the food at home index also rising 0.5 The index for all items less food and energy rose 0.2 Percent Core CPI (CPI Less Food and Energy): 6.0 Percent CPI Food and Beverage: 10.3 The energy index decreased 1.6 percent in November, after rising 0.3

Food 195
article thumbnail

Producer Prices Rise 0.3 Percent in November Led by Services and Food

Mish Talk

Prices for final demand less foods, energy, and trade services moved up 0.3 The index for final demand less foods, energy, and trade services increased 4.9 percent increase in prices for final demand foods was a major factor in the November advance. The index for final demand goods less foods and energy moved up 0.3

Food 187
article thumbnail

Why Hasn’t the California Globe Retracted Its Story?

The Big Picture

Right up top, we have the lede: Earlier in June, the Globe reported that California has lost just under 10,000 fast food jobs since the new $20 minimum wage for fast food employees was first signed into law late last year, according to the California Business and Industrial Alliance (CABIA). Again, sadly, no. ”) Gov.

Food 338
article thumbnail

Seattle Redux: Misunderstanding Seasonal Adjustments

The Big Picture

What followed in the immediate aftermath of both the announcement and implementation was nothing less than a apocalyptic, collective head explosion on the right about the devastating effects the increase would have, particularly in the food services sector: However, there’s little doubt that the city’s heralded food scene is running scared.

Food 336
article thumbnail

UPDATE: New CA QSR Min Wage Study. A Victory Lap.

The Big Picture

@TBPInvictus here: If you’re not aware of the brouhaha that was stirred about a year or so ago when CA Gov Gavin Newsom signed into law (taking effect April 1, 2024) a new $20 minimum wage for so-called “limited service” (a/k/a fast food or QSR) restaurant workers, read up here , here , or here.

Food 290