Reported 4 months ago
California recently increased the hourly minimum wage for fast food workers to $20, making it the highest in the nation. Despite claims that this would benefit workers and stimulate the economy, the unintended consequences have been negative. Some workers lost jobs as restaurants closed, others had their hours cut, and automation increased. Prices have also gone up, impacting consumers. The article argues that government-mandated wage increases have unseen harmful effects, including hindering young and unskilled people from gaining employment.
Source: YAHOO