California McDonald's franchisee mulls reducing hours, lifting prices to offset $20 minimum wage

A McDonald’s franchisee who owns 18 outposts in California is considering reducing store hours, hiking menu prices and delaying renovations to offset the impact of the state’s $20 hourly minimum wage for fast-food workers.Scott Rodrick said he’s had to rethink his business strategy in the wake of the new law, which went into effect April 1 and has spurred some of his fast-food rivals to raise menu prices. “There is more than extraordinary labor costs stressing restaurant P&Ls right now,” Rodrick, whose 18 M ...