Mike Rowe details 'unintended consequences' from CA's $20 minimum wage: 'Bad look for the governor, Panera'
foxbusiness.comTV host Mike Rowe joins ‘The Big Money Show’ to discuss his ‘work ethic scholarship program’ and his ongoing efforts to provide alternative forms of education.
Weighing in on the Panera minimum wage debate, «How America Works» host Mike Rowe criticized both California’s governor and the franchisee for not preparing for «unintended consequences.»
«The market's a powerful thing,» Rowe said on "The Big Money Show" Wednesday. «And if you're suddenly the only guy who isn't paying $20 an hour, and you're looking at a finite pool of people who want to work in the fast food industry, well, who's going to apply for a job with you?»
A major donor to Democratic California Gov. Gavin Newsom reportedly hoped to use a loophole to avoid implementing the state’s new $20 minimum wage regulations for the fast food industry – but is now reversing course, according to the Associated Press.
Billionaire Greg Flynn, who is said to own 24 Panera Bread restaurants in California, said he will pay employees $20 per hour starting April 1, AP reported. Controversy erupted when a Bloomberg investigation found Flynn wanted to save thousands of dollars by using a legal classification that allows restaurants baking and selling bread as a standalone item to continue paying the current hourly wage of $16.
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On Tuesday, Flynn said in a statement: «At Flynn Group, we are in the people business and believe our people are our most valuable assets… Our goal is to attract and retain the best team members to deliver the restaurant experience our guests know and love.»
«How America Works» host Mike Rowe said the California Panera Bread minimum wage debate
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