California could raise fast-food minimum wage further

California introduced a $20 minimum wage for fast-food workers a year ago. A cost-of-living adjustment of up to 70 cents is up for discussion now.

• Fast Food Council, which includes workers, restaurant owners, and state officials, approved a motion to consider the increase in an upcoming meeting (April or May)
• no vote will be taken then

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The Fast Food Council can approve annual wage hikes of up to 3.5% or match inflation, whichever is lower.

This looks to be very early stages. A wage hike is likely to trickle across other jurisdictions. the Fed will be watching.

This article was written by Eamonn Sheridan at www.forexlive.com.