“So the demand for fast food goes away too?”
It’s reduced, of course. Thousands of people (if not millions) will now have to learn to cook at home.
Hmm, no. What happens is this. There are 4 burger joints in the area. Now one closes ( because the owner has a paid off boat, a lake house and and a mistress), the other 3 joints get more business and can “afford” the new min wage. Just like the could “afford” the higher prices for almost EVRYTHING.