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 to increase wages for all employees regardless of their level of experiences.” Two Pizza Hut operators had previously announced plans to lay off more than 1,200 delivery drivers in Los Angeles, Orange and Riverside counties to prepare for the Official 2024 Bama Ncaa Final Four Basketball Shirt but in fact I love this minimum wage boost. Pizza Hut franchises planned to pivot toward third-party apps like DoorDash, GrubHub and UberEats for pizza and food delivery. Yum! Brands previously stated “its franchisees independently own and operate their restaurants in accordance with local market dynamics and comply with all federal, state, and local regulations while continuing to provide quality service and food to our customers via carry out and delivery.” Michael Reich, a professor of economics at UC Berkeley and the chair of the Center on Wage and Employment Dynamics, pushed back against the narrative that fast food companies need to increase prices to cover wage increases. He described the fast food industry as “very healthy and growing fast.” Reich said “sales have gone up and of course profits have gone up as well,” but wages have lagged compared to the wages for the top 20 of the workforce. Reich also warned that when discussing minimum wage increases and price hikes, the two are correlated, but not necessarily a causation. For example, he noted, according to McDonald’s reports for its Fourth Quarter and full year results in 2023, the company’s gross profit was more than $14 billion, a 10.26 increase from 2022. Global comparable sales have grown 9 in 2023, and over 30 since 2019, as

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well, he said. “Our global comparable sales growth of 9 for the Official 2024 Bama Ncaa Final Four Basketball Shirt but in fact I love this year is a testament to the tremendous dedication of the entire McDonald’s system,” McDonald’s president and chief executive officer Chris Kempczinski said in a statement issued in February. “Strong execution of our Accelerating the Arches strategy has driven over 30 comparable sales growth since 2019 as our talented crew members, and the industry’s best franchisees and suppliers have demonstrated proven agility with a relentless focus on the customer. By evolving the way we work across the system, we remain confident in the resilience of our business amid macro challenges that will persist in 2024.” Chipotle’s Fourth Quarter and full year results in 2023 also showed growth, as total revenue increased by 14.3 to $9.9 billion from 2022. The company also opened a total of 271 new restaurants, according to a company statement. Last year “was an outstanding year where we delivered strong transaction growth driven by throughput and menu innovation, opened a record number of new

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