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Except that’s not how it played out at all! Fast Food employment did not go down but wages did go up 11%. Prices of food went up 1.5%, which covered half the w
by VanTheBrand 4mo ago
Except that’s not how it played out at all! Fast Food employment did not go down but wages did go up 11%.
Prices of food went up 1.5%, which covered half the wage increase, and the employers ate (pun intended) the other half of the cost.
Here is the study by UC Berkeley from this April
https://irle.berkeley.edu/wp-content/uploads/2025/09/Effects-of-a-20-Minimum-Wage-Evidence-from-Granular-Data-on-Wages-Employment-and-Prices-April-1-2026.pdf https://irle.berkeley.edu/wp-content/uploads/2025/09/Effects...
- opo 4mo agoOther papers have found both employment losses and more significant price increases. A discussion of the topic was in the Ask Economics subreddit: https://old.reddit.com/r/AskEconomics/comments/1smjx29/was_californias_20_dollar_minimum_wage_hike/ https://old.reddit.com/r/AskEconomics/comments/1smjx29/was_c...