3 ms·
> CA took fast food min wage up to $20 and it’s been fine. Reduced employment by 3% but otherwise fine, yeah. https://www.nber.org/papers/w34033 https://www.n
by loeg 1y ago
> CA took fast food min wage up to $20 and it’s been fine.
Reduced employment by 3% but otherwise fine, yeah.
https://www.nber.org/papers/w34033 https://www.nber.org/papers/w34033
A nationwide $30 minimum wage would have a significantly higher impact (most places have lower wages than California and $30 is more than $20).
- surajrmal 1y ago3% of fast food jobs. Honestly that seems like a worthwhile tradeoff. Fastfood prices have increased a lot in recent years as well, but it's unclear how much if any is due to minimum wage increase.
- loeg 1y agoFast food jobs are where the higher minimum was imposed. It's fine to argue it's a good tradeoff; I just want advocates to admit there is a tradeoff.