California Raised Minimum Wage for Fast Food Workers to $20/hr — Then This Happened
California raised the minimum wage for fast food workers to $20/hr. Critics feared that this would lead to huge price increases and significant job losses.
7 months later, we have some surprising data.
Prices went up, but not as much as expected. There were some initial job losses, but then something unexpected happened when the wage increase took effect.
Also... we need to talk about the Panera situation.
I understand that there are many sources of information of various degrees of credibility. As a workers rights lawyer, my goal here is to gather the evidence based on consensus and credible research.
Ultimately, I return the question to YOU. Was the wage increase a net good, or are there consequences we need to look out for?
#workadvice #money #selfhelp #fastfood #minimumwage #california #workingclass #businessnews
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