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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (73842)	10/4/2023 2:18:17 PM
From: Paul Senior	Read Replies (1) of 78662

California minimum wage for fast food workers is now $20/hour. Yikes. And I started as a most junior industrial engineer at maybe a little over $3/hr. Yes, I know that was a long time ago. Still, $800/wk for unskilled (maybe tedious/monotonous) work seems pretty good to me now. Maybe I'll consider unretiring... I guess that of course fast fooder JACK would be hitting a new 12-mo low. It having most of its business in California. On the one hand, higher fast food prices caused by the new workers wages will drive down demand. Otoh, it affects all the fast food businesses. Maybe not equally if some are more adept at automation (MCD?) or develop really popular items (Popeye's fried chicken sandwich). I'll bet consumers will get used to the higher prices, and the fast food business will still be okay. I go for a few tracking shares of JACK finance.yahoo.com

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