Log in

View Full Version : Newsom’s Billionaire Buddy EXEMPT From CA’s New Minimum Wage Law



jstern
03-11-2024, 03:01 PM
https://www.youtube.com/watch?v=Dj8TLM5ckAs


The new California minimum wage raise will cover workers in the fast food industry — all except Panera, which happens to be owned by a pal of California Governor Gavin Newsom. A provision of the bill exempts fast food restaurants that bake bread on the premises. Critics are suggesting that the close relationship between Newsom and Panera’s CEO Greg Flynn

That's just so specific, if you bake bread then you are exempt.

Panera Bread owner who donated to California Gov. Newsom will hike wages after outcry over ‘bread exemption’
The billionaire donor to California Gov. Gavin Newsom who operates some two dozen Panera Bread locations statewide is raising workers’ pay in response to a backlash over reports that his company was exempt from a newly enacted minimum wage law.

Greg Flynn, the commercial real estate investor and founder of Flynn Restaurant Group, the nation’s largest restaurant franchisee, will bring employee wages at his 24 California-based Panera Bread locations in line with the new law that raises hourly pay from $16 to $20, according to Bloomberg News.

The pay raise will be made despite the fact that Flynn’s Panera Bread restaurants in California will be exempt from the new law which goes into effect next month.

“To be clear, at no time did I ask for an exemption or special considerations,” Flynn said in a statement to Bloomberg News.

Last week, Bloomberg News reported that Newsom, the Democrat who has been governor of the nation’s most populous state since 2019, lobbied lawmakers in Sacramento to carve out an exemption to his new minimum wage law for restaurants that sell bread as a standalone menu item.

Newsom and Flynn shared longstanding business and personal ties. They both attended the same high school. In 2014, Flynn acquired a Napa Valley resort that was managed by Newsom’s hospitality firm, according to disclosure forms.

Flynn has also donated at least $164,800 to Newsom’s gubernatorial campaigns.

A spokesperson for the governor told Bloomberg News that the suggestion Newsom lobbied for an exemption on behalf of Panera Bread was “absurd.”

Read the rest: https://nypost.com/2024/03/06/business/panera-bread-owner-who-donated-to-california-gov-newsom-to-hike-wages-after-outcry/

SouBeachTalents
03-11-2024, 03:07 PM
There’s about to be a significant spike in fast food joints baking bread :lol

jstern
03-11-2024, 03:43 PM
There’s about to be a significant spike in fast food joints baking bread :lol

They're one step ahead of you. If they were not baking bread before September 15, 2023, then they will not be exempt. Despite the hardship that baking and selling bread must bring to their business, they will not get any help. Even if a new company wanted to go into the bread making business, they're out of luck. Existing companies cannot diversify, or anything like that. I mean, they can, but the advantage will remain with those who baked bread before September 15.