Starting next year, the minimum wage in Los Angeles will be raised to $15 an hour, while the minimum wage for the state of California will be raised to $12 an hour for employers with 25 employees or less and $13 an hour employers with 26 employees or more.
Minimum wage increases, alongside rising rents, higher sales taxes and increasing food prices, have caused restaurant owners to raise prices, cut employees hours and turn towards automation and technology. Other restaurants, left with no other option, have shut down entirely. In Pasadena alone, 8 locally owned restaurants have closed since August, causing some to express concern about the future of small business in the area.
Are you a restaurant or small business owner? What are you doing to offset these extra costs? How are you preparing for the minimum wage increase? Give us a call at 866-893-5722.