California fast-food managers rake in massive raises – despite restaurants hiking prices, shutting stores over $20 minimum wage
NY Post
Managers at California fast-food restaurants have quietly raked in massive raises – despite major chains hiking prices and some shutting locations after the state passed a $20 minimum wage.
While the pay bump for workers from $16 an hour has garnered much of the attention, a separate provision that has received less notice since the controversial law went into effect April 1 also boosted pay for managers at quick-service restaurants by 25% — to least $83,200, from $66,560.
At the fast-growing chicken chain Raising Cane’s, general managers in the state can now see their annual pay reach $174,000 from bonuses based on their location’s sales and profit, according to the Wall Street Journal.
Monique Pizano, a 27-year-old general manager at a Raising Cane’s location in Carson, Calif., about 15 miles south of Los Angeles, saw her annual base salary rise from $79,000 to $85,000 after the law was implemented, the Journal reported.
Pizano, who manages 96 employees, is eligible for a monthly bonus of between $5,000 and $7,500 if she hits certain financial milestones with the Baton Rouge, La.-based chain — which has around 90 of its 700 restaurants in California.
The Carson location attracts an average of 700,000 customers per year and does around $9 million in annual sales.
Another one bites the dust. Domino’s, the nation’s largest pizza dining chain, joins the ranks of pizza giants whose franchisees have filed for bankruptcy, leaving many SoCal locations in major limbo.
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