Newsom’s Minimum Wage Hike and Inflation Create Buying Opportunities for the Wealthy in California
Surmounting debt amid a high-interest rate environment is creating opportunities for the rich to get richer by buying up distressed restaurants. While California’s recent minimum wage hike has played a role, it is not the main driver. Instead, inflation, lease rates and revolving credit lines with variable APRs are the primary factors. Rubio’s parent company…