California's new $20 minimum wage rule will exempt restaurants that sell bread, handing a lucrative break on wages to the Panera chain and one of Governor Gavin Newsom’s longtime allies.
Billionaire Greg Flynn, who made his fortune running one of the world’s largest restaurant franchise operations, is getting a new boost from sourdough loaves and brioche buns.
That's because a California law that’s about to raise the state minimum wage at fast-food spots to $20 an hour from $16 offers an unusual exemption for chains that bake bread and sell it as a standalone item.
Governor Gavin Newsom pushed for that break, according to people familiar with the matter. Among the main beneficiaries is Flynn, a longtime Newsom donor whose California holdings include two dozen Panera Bread locations.
@LoyalMareSocialist3mos3MO
Just naked, undisguised corruption.
@AnxiousFr33m4rketGreen3mos3MO
Coming soon to the McDonalds dollar menu: a baguette.
@AshamedL1ber4lGreen3mos3MO
sell bread? every burger joint sells bread? wait til chipolte says burritos are bread
@Patriot-#1776Constitution3mos3MO
At first I assumed you were talking about Gavin Newsom, because when any person who hasn't had his head buried in the sand for the past few years hears the word "corruption" he envisions Newsom's snooty face.
@RightIguanaLibertarian3mos3MO
But surely it's a lose lose in the medium to long term?
Either everyone will start offering bread, thus increasing competition and/or their employees will leave for guaranteed higher pay elsewhere.
@R3gulationWillRepublican3mos3MO
The law specifies that you already have to have a bakery: "'Fast food restaurant' shall not include an establishment that on September 15, 2023, operates a bakery that produces for sale on the establishment’s premises bread ... so long as it continues to operate such a bakery."
@SoreDoughnutSocialist3mos3MO
So it basically ensures that no new entrants will be allowed into the market too lol. Congratulations to existing breadmakers on your new monopoly
@MotivatedL3gislat1vePatriot3mos3MO
Shocked to learn the politician who had an affair with the wife of his campaign manager/close friend is also untrustworthy in other domains
@HoopoeVioletLibertarian3mos3MO
It really bothers me that no one seems to remember this and see this as a damning judgement of his character.
@ISIDEWITH3mos3MO
@ISIDEWITH3mos3MO
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