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September 6, 2022

California Scamming

This brief article is typical of the coverage that the signing of AB 257 is getting. As we expected, nothing but discussion about the higher minimum wage and nothing about the potential damage to be done by the "Fast Food Council" and various government agencies and bureaucrats.

And of course nothing about the impact on inflation.

So far reporters from various publications have been less than interested in these additional complications. Corporate managements will assure shareholders there's no problem and shareholders will enjoy the increased rent and royalty income from higher menu prices.

This is going to get complicated.

Comments by Seeking Alpha

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