"As if California didn’t run enough businesses out of business and employees out of jobs during the pandemic, the state is now “helping” them by embracing economic illiteracy." JF
. . ."In total, fast food prices have gone up in California by 10% since September, a larger increase than in any other state. Restaurants have already passed those prices on to consumers, as was expected, and are cutting hours and adding kiosks. Fewer hours for employees means less money, fewer sales to consumers means less business, which means fewer hours for employees, and automated kiosks mean a reduced need for employees, which means fewer hours (or jobs) for employees.Gav the Gov
"Are you starting to see how the “minimum wage” ends up backfiring on the very employees it supposedly benefits?
"This is always how the minimum wage song and dance goes. When congressional Democrats wanted to impose a one-size-fits-all $15-an-hour federal minimum wage on the country, the Congressional Budget Office determined that it would lift 900,000 people out of poverty. Less mentioned was the (low-end estimate) 1.4 million people it would throw into poverty via unemployment. Even California Democrats knew this, which is why politically connected businesses managed to be granted exemptions, on which the state is now muddying the waters." . . .
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