Oh, joy,
Central planning never works out for the people.
Barely A Month Old, California’s $20-Hr. Fast-Food Minimum Wage Is Already An Economic Disaster
https://issuesinsights.com/2024/05/01/barely-a-month-old-californias-20-hr-fast-food-minimum-wage-is-already-an-economic-disaster/
“Between last fall and January,” Ohanian wrote, “California fast-food restaurants cut about 9,500 jobs
Wendy’s has already boosted prices 8%, Chipotle by 7.5%, Starbucks by 7%. “McDonald’s has announced it will be raising prices, and many other fast-food franchises have announced hiring freezes,” Ohanian observed. Since last September, prices have shot up 10% total.