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McDonald’s Corp., MCD 0.55% Starbucks Corp., SBUX -0.31% Chipotle Mexican Grill Inc. CMG -0.61% and other big restaurant chains are joining to spend millions of dollars to try to overturn a new California law that could set the state’s minimum wage for the fast food industry as high as $22 an hour next year.
The “Save Local Restaurants” coalition said Friday it has raised around $12.7 million to fight the law, known as the FAST Recovery Act. Corporate brands have contributed $9.9 million and individual franchisees have given $2 million, including owners of KFC and McDonald’s restaurants. Trade associations account for the rest, the coalition said.
Read Full Story: https://www.wsj.com/articles/fast-food-chains-raise-millions-to-oppose-califo...
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