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Jan Sramek, CEO of California Forever, wants to build a new city in Solano County, California. The recent "AI boom" will only make the housing crisis worse, Sramek told Kara Swisher. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Previously published information from California Forever revealed that the city will be about 18,600 acres with a capacity to welcome 400,000 residents. A California Forever spokesperson didn't address the question in an emailed response to Business Insider.
Persons: Jan Sramek, Sramek, Kara Swisher, , Goldman Sachs, didn't, The Lever Organizations: Service, Silicon, California Forever, Business, International Monetary Fund, IMF, Research Locations: California, Solano County , California, Northern California, Solano County, San Francisco, Golden State, Bay, Palo Alto
Mark Zuckerberg is California's richest billionaire, with a net worth of $177 billion, per Forbes. AdvertisementMark Zuckerberg is now the richest billionaire in California, with a net worth of $177 billion, a new Forbes report said. The report, which maps out the richest billionaire in each state for 2024, said the Meta CEO overtook Google cofounder Larry Page as the Golden State's richest person. AdvertisementZuckerberg's net worth placed him behind Texas' richest person, Tesla CEO Elon Musk, and Amazon founder Jeff Bezos, who took the title in Florida. The 54 billionaires researched by Forbes for the report were together worth $1.6 trillion, $100 billion more than in 2023, the outlet said.
Persons: Mark Zuckerberg, Zuckerberg, , Larry Page, Elon Musk, Jeff Bezos Organizations: Forbes, Service, Meta, Golden, Amazon, Business Locations: California, Meta, Texas, Florida, San Francisco, Palo Alto, Tahoe, Kauai, Hawaii
But when it comes to affordability, or lack thereof, not all cities are created equal. In a recent study, Creditnews Research ranked the most populous U.S. cities by the percentage of neighborhoods financially within reach for the average married couple. To create its ranking, Creditnews used median income for married households in order to determine the percentage of unaffordable neighborhoods. Of the 10 cities with the most unaffordable neighborhoods, four are in California. Two cities in the Golden State, Los Angeles and San Jose, were found to be 100% unaffordable for the average married couple household.
Persons: Creditnews, Sam Bourgi Organizations: Creditnews Research, Golden State, CNBC Locations: U.S, California, Golden, Los Angeles, San Jose
NBA stars are scoring big in the fashion world
  + stars: | 2024-04-29 | by ( Nick Remsen | ) edition.cnn.com   time to read: +9 min
Basketball players’ style — largely in the men’s league, but increasingly the women’s too — has become a bonafide pillar in fashion media and consumption. Basketball players’ style has more eyes on it than any other sport, the Pulitzer Prize-winning author Mitchell S. Jackson told CNN. “(The league) was the first to embrace it,” Jackson, author of the recently released photobook “Fly: The Big Book of Basketball Fashion,” explained. “Basketball players are so much a part of American culture. Bettman/Getty Images/Courtesy Workman“We talk a lot about current NBA tunnel style, but the league has been America’s most stylish for decades,” Schube continued.
Persons: Tyrese Haliburton, Pepper Robinson, Ron Hoskins, NBAE, — Tyrese Haliburton, , Pharrell Williams, Birkin, it’s, Shai Gilgeous, Alexander, Russell Westbrook, LeBron James, Josh Giddey, Tyler Herro, , Marcus Paul, Luka Dončic, ” There’s, Caitlin Clark, Prada, Sam Schube, Thom Browne, AJ Mast, Tyler Ross, Workman, Virgil Abloh, Louis Vuitton, Williams, Kim Kardashian’s, Donovan Clingan, Caleb Love, Hunter Dickinson, Jared McCain, Duke, Robert Dillingham, Paxson Wojcik, Mitchell S, Jackson, ” Jackson, , LeBron, Michael Jordan, Jordan, Jackson’s, Peggy Sirota, who’ve, Stephen “ Steph ” Curry, Curry, Steph Curry, Jed Jacobsohn “, ’ ” Curry, ” Curry, “ I’m, Kyle Kuzma, Timothée, Johnson, Andrew D, Bernstein, Walt Frazier, Bettman, ” Schube, “ Allen Iverson, Phil Jackson, Pat Riley, Armani, Walt Fraziers, Wilt Chamberlain’s, Fatih Aktas, , ’ ”, , they’d, ” Gilgeous, Alexander —, haven’t Organizations: Indiana Pacers, Basketball, Gilgeous, CNN, GQ, Cleveland Cavaliers, New York Times, Los Angeles Lakers, Oklahoma City Thunder, NBA, UConn, UNC, “ Basketball, Golden State Warriors, Fashion Council, Savant, State, GQ Sports, , Workman New York Knicks, Royce, Anadolu Agency, Getty, Civil, Nike Locations: Haliburton, Arizona, Kansas, Robert Dillingham ( Kentucky, Chicago , Illinois, Gilgeous
On any given evening, Ewing receives emails informing him that some fan in a far-flung location – say, Los Angeles – has just invested in his tiny Scottish soccer club, the Caledonian Braves. “A community club, most people would think, is a local community bound by a certain geography,” says Ewing. National Basketball Association/Courtesy Caledonian BravesAgainst this backdrop, fan ownership has emerged as somewhat of a utopian panacea for some fans. As time went by, the academy’s first team started playing in the Scottish soccer leagues and separated to form the Caledonian Braves in 2019. “You can be anyone really from anywhere and you can also own a football club for as little as £10 ($13).”
Persons: Ted Lasso ”, Ryan Reynolds, Rob McElhenney’s, , Chris Ewing, Ewing, Los Angeles –, ’ ” Ewing, , , Mujtaba Elgoodah, Elgoodah, braving, ” Elgoodah, Alastair Ross, Nassir Criss, Elizabeth Ball, Kristen Hamilton, Hailie Mace, Isaiah Covington, ” Covington, ” Hamilton, that’s, , , ” Criss, Mutjaba Elgoodah, Kiera Burns, ” Ball, Tom Brady, Matthew McConaughey Organizations: CNN — Soccer, Welsh soccer, Scottish soccer, Caledonian Braves, CNN Sport, Scottish, Scottish Premier League, NBA, US, Super League, Golden State Warriors, National, Players ’ Association, Braves, Twitter, Kansas City, Boston Celtics, NFL, National Basketball, English Premier League, St Mirren, Motherwell, Rangers, Celtic, , Edusport Academy Locations: Wrexham, , Los Angeles, Scottish, Australia, Motherwell, Glasgow, – Wyoming, Kansas, Scotland, Heart of Midlothian, France
Whispering in the ears of the billionaires and celebrities doing the buying, however, are investment bankers. Like other sports bankers BI interviewed for our list of top sports bankers, he exemplified a good-humored, approachable attitude, including joking about his many sports allegiances. Related stories"Earlier in my career, I made the mistake of telling Bob Kraft that I was a New York Jets fan," Carey told BI recently. They're obsessive Jets fans, and they're just fans because I'm a Jets fan," Neville told BI. So that's why we'll be Jets fans forever."
Persons: it's, Goldman Sachs, Greg Carey, everyone's, Carey, Colin Neville's, he's, David Beckham, Steve Ballmer, Joe Tsai, Ballmer, Tsai, Neville, Andrew Kline, Kline, Bob Kraft, I'm, Robert Tilliss, There's, Abramovich, Vladimir Putin, Todd Boehly, Joe Lenehan, Michael Arougheti, David Rubenstein's, doesn't, there's Organizations: NBA, JPMorgan, Business, The, PJT Partners, Chelsea FC, Baltimore Orioles, Sports, Goldman, Endeavor, WWE, Microsoft, Beckham's, Los Angeles Clippers, Brooklyn Nets, Barclays Center, St, Louis Rams, Los Angeles Rams, Golden State Warriors, Miami Heat, Harvard, US Rugby National, Cal, New York Jets, BI, Patriots, Giants, Rays, Chelsea, Circle, Atlanta Hawks NBA, New York Mets, NFL, soccer's Premier League, Russian, Chelsea football, LA Dodgers, Yankees, Manchester United Games, Jets, we'll Locations: European, Los Angeles, Berkeley, Barcelona, Ukraine, New York
Kline was drafted in 2000 by the St. Louis Rams (now the Los Angeles Rams). He was an offensive lineman until 2002, when he left the NFL after sustaining several concussions. The boutique Los Angeles firm focuses almost exclusively on sports dealmaking — though it also works on capital raises and makes its own investments. The firm's website says it has also advised on deals for franchises like the Golden State Warriors, the Miami Heat, the Los Angeles Dodgers, Bologna FC, and the San Francisco Giants. Kline works alongside Sean Clemens and Edwin Draughan, who focus on sports mergers and acquisitions.
Persons: Andrew Kline, Park Lane Andrew Kline, Lane Kline, Kline, Sean Clemens, Edwin Draughan Organizations: St, Louis Rams, Los Angeles Rams, NFL, Athletes ' Agency, Cincinnati Bengals, MLB's Cincinnati Reds, Sports Business, Golden State Warriors, Miami Heat, Los Angeles Dodgers, Bologna FC, San Francisco Giants, NCAA Locations: San Diego, Los Angeles, Angel
The effects of California's $20 minimum wage for fast food workers are starting to show. This translated to a 7% menu price increase at Chipotle locations in California. AdvertisementCalifornia's $20 wage for fast food workers is just a few weeks old, and the effects on workers and customers are beginning to emerge. At Chipotle, the law drove a 20% increase in wages for its restaurant staff in the Golden State, the company said during its earnings call on Wednesday. To offset that cost, menu prices notched up about 6% to 7% for customers in California, CEO Brian Niccol said.
Persons: Chipotle, , Brian Niccol Organizations: Service, Golden State, Business Locations: California, Chipotle, Golden
California hit a record last week as battery storage became the biggest power provider in the state. AdvertisementBatteries briefly became the biggest source of power in California twice in the past week. In that instance, which broke Tuesday's record, batteries reached a peak output of 6,458 megawatts. By connecting huge, rechargeable batteries to power grids, power utilities can store energy generated during the day by solar panels and wind turbines. California isn't the only state where battery storage is growing quickly.
Persons: Organizations: Batteries, Service, Business Locations: California, Golden, GridStatus.io, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGame Respects Game with WNBA Commissioner Cathy EngelbertThe WNBA is having a moment. In 2023, the league had its most watched regular season in 21 years. In addition, they announced that the Golden State Warriors will be adding a WNBA franchise in 2025, the first team expansion since 2008. Following one of its most anticipated drafts—with several generational players joining the league—WNBA Commissioner Cathy Engelbert discusses the league's remarkable growth, what's ahead and how this could be a pivotal year in women's sports.
Persons: Cathy Engelbert The, Cathy Engelbert Organizations: Cathy Engelbert The WNBA, Golden State Warriors, WNBA
1 overall selection by the Indiana Fever in this week's WNBA draft, Clark's salary her first season will be just over $76,000. Clark's pay will escalate over the course of her four-year rookie contract, leaving her with total earnings of $338,056. The WNBA has grown in popularity in recent years, but it still trails behind the NBA, NFL, MLB and NHL. The highest paid WNBA player is Las Vegas Aces star Jackie Young, who will earn just over $250,000 this season. Here's how Clark's rookie deal stacks up against the most recent top picks from America's big four sports leagues.
Persons: Caitlin Clark, she'll, Jackie Young, Steph Curry, Cathy Engelbert, we're Organizations: WNBA, Indiana, Gatorade, Nike, NBA, NFL, MLB, NHL, Las Vegas Aces, Golden State Warriors, CNBC Locations: State
CNN —USA Basketball unveiled the player roster Wednesday for the men’s team that will compete in the 2024 Paris Olympics. The team will be anchored by Los Angeles Lakers forward LeBron James, making his fourth appearance after skipping the past two Olympics. This will be the 36-year-old Curry’s first Olympic Games, making him the fifth player to represent the Warriors at an Olympics with Team USA. The US team will hold a training camp and exhibition games in Las Vegas in July, before traveling to Paris. The Opening Ceremony for the 2024 Paris Olympics will take place on July 26 with men’s basketball play beginning the following day.
Persons: , LeBron James, James, Anthony Davis, Stephen Curry, Kevin Durant, Devin Booker, Jayson Tatum, Anthony Edwards, Kawhi Leonard, Tyrese, Bam Adebayo, Joel Embiid, Paul Childs, Embiid, Steve Kerr, Gregg Popovich Organizations: CNN, USA, Tokyo Olympics, Los Angeles Lakers, Lakers, Golden State Warriors, Phoenix Suns, Boston Celtics, Minnesota Timberwolves, Los Angeles Clippers, Indiana Pacers, Miami, Olympic Games, Warriors, Team USA, Philadelphia 76ers, NBA, Tokyo Games, US Locations: Tyrese Haliburton, Cameroon, France, Las Vegas, Paris
The popular menu item, plus a $15 million ad buy, could boost sales by 10%, according to Bloomberg. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCalifornia's newly enacted fast food wage hike is already having an effect, though not one lawmakers likely had in mind when writing the law: bagels are back at McDonald's in the state. Related storyMcDonald's told Business Insider that the team's recommendations were based on best practices from other locations where restaurant operators have had to navigate local wage hikes. Scott Rodrick, who owns 18 McDonald's locations in the state, told Business Insider he's already raised menu prices between 5% and 7% since January, but there is a limit to the prices his customers will pay.
Persons: , Scott Rodrick, he's, Kerri Harper, Howie Organizations: Bloomberg, Service, Golden State, KTLA News Locations: California, McDonald's
The top 14 cities in the US people are fleeing
  + stars: | 2024-04-15 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +2 min
1 for its negative net domestic migration rate per 1,000 people. Business Insider looked at negative net domestic migration estimates for US metropolitan statistical areas for the period of July 1, 2022, to June 30, 2023. Negative net domestic migration means they had more people fleeing these metropolitan statistical areas for another US location than people in the US moving in. Six of the 14 metros that had the biggest negative net domestic migration rates per 1,000 people were California metros. Below are the top cities people are fleeing based on net domestic migration rates per 1,000 people.
Persons: Organizations: New Orleans, Service, Golden State, Business, metros, Fremont — Locations: California, Golden, New York City, Los Angeles, Long, Anaheim , California, Chicago, Naperville, Elgin , Illinois, Indiana, San Jose, Sunnyvale, Santa Clara, San Francisco, Oakland, Anaheim, Orleans, Metairie , Louisiana
And it is in these districts, from the Central Valley to the outskirts of Los Angeles and down to Orange County, where the House majority will likely be won or lost in 2024. Republicans currently hold a slim 218-seat majority, a precarious position for the party as the 213-member House Democratic Caucus works to flip the chamber this year. Tom Williams/CQ-Roll Call, Inc via Getty ImagesKen Calvert, 41st DistrictFirst elected to the House: 1992AdvertisementCalvert is the longest-serving California Republican in Congress. Calvert won most of his races by large margins before redistricting, and he last faced a truly competitive reelection fight in 2008. Valadao's return to Congress was overshadowed by his decision to become one of 10 House Republicans to vote to impeach President Donald Trump in the aftermath of the Capitol riot.
Persons: , Kevin McCarthy —, Joe Biden, Young Kim, Bill Clark, Kim, Ed Royce, Gil Cisneros, McCarthy, Cisneros, Biden, She'll, Joe Kerr, Michelle Steel, Harley Rouda, Rouda, Dana Rohrabacher, Steel, Jay Chen, Derek Tran, Mike Garcia, Tom Williams, Garcia, Katie Hill, Christy Smith, Smith, George Whitesides, Ken Calvert, Calvert, he's, Will Rollins, Rollins, John Duarte, Duarte isn't, Duarte, Jim Jordan's, Jordan, Mike Johnson of, Democrat Adam Gray, Gray, David Valadao, Valadao, TJ Cox, Valadao's, Donald Trump, Rudy Salas, Salas Organizations: Service, Golden State, Business, Republicans, Democratic Caucus, Inc, Getty, California State Assembly, GOP, Democratic, Navy, Biden, NASA, onetime Virgin Galactic, District, California Republican, Republican, House Democrats, Democrat, Trump, Democratic Rep, Capitol Locations: California, Bakersfield, Golden, Los Angeles, Orange County, Orange, Riverside, San Bernardino, Steel, Los Angeles County, Riverside County, Congress, Inland, Corona, Mike Johnson of Louisiana
A few years ago, Terry Gilliam, 64, packed his bags, sold his East Bay, California home, and moved to Florida. After founding two Facebook groups for California movers, he realized thousands more were in the same boat. His groups, Leaving California and Life After California, have nearly 300,000 members between them. Gilliam moved to Winter Park, a city of 29,000 outside Orlando, to help care for his parents. Van Edom, the Knoxville realtor, said Knoxville is a newly popular destination for California movers.
Persons: Terry Gilliam, Gilliam, It's, they're, I've, Terry Gilliam Terry Gilliam, Haley Van Edom, California Gilliam, I'm, he's, He's, Craig Blessing, Van Edom, Shay Felknor, Berkshire Hathaway, Dan Joyner, there's, Felknor, Ethan Lanagan, Lanagan Organizations: Service, Business, Golden State, realtors, Golden, Edom Home Group, Disney, California Facebook, Universal, Estate Services, Berkshire Hathaway C, Dan Joyner Realtors, Sacramento — Locations: Bay , California, Florida, California, . Texas , Arizona, Golden State, Knoxville , Tennessee, Connecticut, Texas, Tennessee, Arkansas, Orlando, shutdowns, Texas , Florida, Georgia, South Carolina, Southern California, Central Florida, Van, Knoxville, Berkshire, Greenville , South Carolina, San Diego, Sacramento, Atlanta, North Carolina , Tennessee, Nashville , Tennessee, Franklin , Tennessee, Orange County, Franklin
There's plenty of towns across the U.S. where Americans can retire affordably and live out their golden years without breaking the bank. Earlier this month, personal finance site GoBankingRates.com ranked the richest retirement towns in the country. Of the 10 richest retirement towns in the country, the wealthiest has a median household income of $166,747 while the No. 10 town's median income is $124,460. California towns dominated the list, with the Golden State being home to not only the richest retirement town in the country but also four of the top 10.
Persons: affordably Organizations: Survey, U.S . Census, Golden State Locations: California, Meanwhile Florida
CNN —Golden State Warriors star Steph Curry was left lamenting “self-inflicted wounds” after Draymond Green received his fourth ejection of the season during the team’s 101-93 victory over the Orlando Magic on Wednesday. Green’s ejection came less than four minutes into the game after he received two technical fouls for disputing two separate foul calls. Green also a received a suspension during last season’s playoffs after stamping on the chest of Sacramento Kings big man Domantas Sabonis. Green was also left off Team USA’s Olympic roster due to his suspensions. Curry was visibly frustrated following Green’s latest ejection, shaking his head and covering his face with his jersey.
Persons: Steph Curry, , Draymond Green, Rudy Gobert, Green, Curry, Mike Ehrmann, ” Curry, what’s, , , Steve Kerr’s, you’ve, Andrew Wiggins Organizations: CNN, Golden State Warriors, Orlando Magic, NBA, Phoenix Suns, Minnesota Timberwolves, Sacramento Kings, Warriors, Players Association, USA’s, Western Conference, Houston Rockets, Charlotte Hornets Locations: Sacramento
Golden State forward Draymond Green was ejected less than four minutes into the Warriors' game against the Orlando Magic on Wednesday night. With 8:24 remaining in the first quarter against the Magic, Green argued with referee Ron Acosta after a foul was called on teammate Andrew Wiggins. Magic forward Paolo Banchero scored a layup on the play and added the free throw. Green was called for two technical fouls in quick succession, and thereby automatically ejected. ___Photos You Should See View All 60 Images
Persons: Green, Ron Acosta, Andrew Wiggins, Paolo Banchero Organizations: Golden State, Warriors, Orlando Magic, NBA Locations: Golden, Phoenix
SACRAMENTO, Calif. (AP) — Jalen Brunson scored 42 points, becoming the fourth player in franchise history with 40 or more in consecutive games, and the New York Knicks beat the Sacramento Kings 98-91 on Saturday night. He's the first Knicks player to reach that total in back-to-back games since Carmelo Anthony on Feb. 19 and 21, 2014. Isaiah Hartenstein was a force on the defensive end, blocking five shots and grabbing 14 rebounds, along with seven points. De’Aaron Fox added 20 points, nine assists and seven rebounds, but was held to 5-for-19 shooting. The Knicks led 53-48 at the half and extended the advantage to nine early in the third quarter on a pair of layups by Brunson.
Persons: — Jalen Brunson, Brunson, Carmelo Anthony, Hall, Hall of Famers Bernard King, Patrick Ewing, Donte DiVincenzo, Josh Hart, Isaiah Hartenstein, Domantas Sabonis, De’Aaron Fox, Malik Monk Organizations: New York Knicks, Sacramento Kings, Thursday's, Portland, Knicks, Hall of Famers, Sacramento, NEXT, Golden State, Memphis, NBA Locations: SACRAMENTO, Calif, New York, York, Golden
PHILADELPHIA (AP) — Joel Embiid has been re-evaluated by doctors and they are “happy with the progress” the 76ers center is making following meniscus surgery on his left knee, Philadelphia head coach Nick Nurse said Saturday. “I think there’s always stages of how these things progress,” Nurse said before the Sixers faced the Charlotte Hornets. Embiid's status has been a source of speculation with an expected team medical update never coming on the re-evaluation after the Feb. 6 surgery. Embiid, who celebrated his 30th birthday on Saturday, has missed 21 games since tearing the meniscus against Golden State on Jan. 30. In the time since, Philadelphia has fallen from third in the Eastern Conference to eighth, going 7-13 in the 20 games leading into Saturday.
Persons: — Joel Embiid, Nick Nurse, , ” Nurse, We’re, , Nurse, “ I’m, Embiid Organizations: PHILADELPHIA, 76ers, Sixers, Charlotte Hornets, Golden State, Eastern Conference Locations: Philadelphia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow California became a hot spot for expensive gas pricesCalifornia is home to some of the highest gas prices in the United States, according to AAA. High taxes are partly to blame since the Golden State has the highest gasoline taxes in the nation, according to the U.S. Energy Information Administration. But, there's more to the story. Watch the video above to learn more about what is driving gas prices higher and how drivers can save money.
Organizations: AAA, Golden State, U.S . Energy Information Administration Locations: California, United States
Get Ready for the Great Trump Diaspora
  + stars: | 2024-03-06 | by ( Paul Starobin | ) www.businessinsider.com   time to read: +10 min
The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." AdvertisementA second Trump presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. Since 2015, Democrats Abroad, the foreign-based arm of the DNC, has nearly tripled its membership. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America.
Persons: specter, Donald Trump —, Trump, Gallup, George W, Bush's, Barack Obama's, Doris Speer, Speer, , Roe, Wade —, Martha McDevitt, Pugh, Emily, Francophiles, Ernest Hemingway, James Baldwin —, Nicole Kidman's, MAGA, batty, it's, John Galey, Paul Starobin Organizations: Washington Post, Trump, America, Association of Americans Resident Overseas, dodgers, DNC, Democratic National Committee, Leggett, Italy Facebook, Côte, IRS, Citizens Abroad, Los Angeles Times, New Books Network Locations: Umbria, Italy, Montana, Tuscany, Texas, Tennessee, America, Canada, Washington, Paris, United States, Iraq, Europe, Vietnam, Sedona , Arizona, Portugal, Spain, France, United Kingdom, Norway, Netherlands, Hong Kong, Bangkok, Buenos Aires, Golden, California, MAGA
MILWAUKEE (AP) — Doc Rivers left broadcasting behind when he took over as the Milwaukee Bucks’ coach at midseason, but he remains as talkative as ever. That chattiness has helped the Bucks dramatically improve their defense since his arrival in late January. The Bucks have won six straight games and own the NBA’s best defensive rating since the All-Star break. The Bucks have improved defensively even without three-time All-Star Khris Middleton, who has missed 11 straight games with a sprained left ankle. Rivers believes the Bucks’ defense can get even better.
Persons: Doc Rivers, chattiness, , Doc, Damian Lillard, Giannis Antetokounmpo, we’re, ” Lillard, Rivers, Adrian Griffin, Griffin, Antetokounmpo, Khris Middleton, Malik Beasley, Everybody’s, Patrick Beverley, Brook Lopez, ” Rivers, “ We’ve, weren’t, Organizations: MILWAUKEE, Milwaukee Bucks, Bucks, Los Angeles Clippers, Milwaukee, ESPN, Eastern Conference, Boston Celtics, Clippers, Golden State Locations: Milwaukee, California
AdvertisementBurgers, tacos, and pizzas will get more expensiveDiners should expect to pay more as fast-food restaurants put menu prices up to offset higher wages. But restaurants already paying workers higher wages will feel less of an impact from the new legislation. Jon Tower, an analyst at Citi, said the higher prices could be hard for some diners to accept. However, higher wages at McDonald's, Subway, and Burger King will likely prompt other employers to offer higher pay so they can compete for labor. AdvertisementPeople will have more money to dine outAs fast-food workers' wages increase, they'll actually have more disposable income to spend dining out.
Persons: , Gavin Newsom, It's, Jack, Sharon Zackfia, William Blair, Andy Barish, Sara Senatore, Chris Kempczinski, they're, Jon Tower, Barish, Zackfia, Burger, Danilo Gargiulo, Bernstein, Matt Clark Organizations: Service, Golden State, Gov, Jefferies, Bank of America, Citi, Bureau of Labor Statistics Locations: California, McDonald's
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