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#2,339 - The California Minimum-Wage Disaster Continues - 10,000 employees fired

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Manage episode 423586255 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A beloved Mexican fast food chain shuttered four dozen locations in California because of the “rising cost of doing business” in the state — just two months after Gov. Gavin Newsom imposed a $20 minimum wage.

Rubio’s Coastal Grill, known for its fish tacos, closed 48 underperforming stores in the Golden State as of May 31, while keeping 86 stores in California, Arizona and Nevada open, the privately-owned chain said in a statement.

“The closings were brought about by the rising cost of doing business in California,” a spokesperson for the restaurant chain told The Post on Tuesday.

“Making the decision to close a store is never an easy one. While painful, the store closures are a necessary step in our strategic long-term plan to position Rubio’s for success for years to come.”

--- Send in a voice message: https://podcasters.spotify.com/pod/show/darien-dunstan3/message

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2302 episodes

Artwork
iconShare
 
Manage episode 423586255 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A beloved Mexican fast food chain shuttered four dozen locations in California because of the “rising cost of doing business” in the state — just two months after Gov. Gavin Newsom imposed a $20 minimum wage.

Rubio’s Coastal Grill, known for its fish tacos, closed 48 underperforming stores in the Golden State as of May 31, while keeping 86 stores in California, Arizona and Nevada open, the privately-owned chain said in a statement.

“The closings were brought about by the rising cost of doing business in California,” a spokesperson for the restaurant chain told The Post on Tuesday.

“Making the decision to close a store is never an easy one. While painful, the store closures are a necessary step in our strategic long-term plan to position Rubio’s for success for years to come.”

--- Send in a voice message: https://podcasters.spotify.com/pod/show/darien-dunstan3/message

  continue reading

2302 episodes

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