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Podcast: News For Reasonable People
Episode: #2,784 - Shocking 16,000 Jobs Lost Due to California’s $20 Fast Food Wage Hike
Description: By the time California Governor Gavin Newsom signed into law the $20 minimum wage for fast food workers, he had been warned by many that it would be devastating for the industry, but he did it anyway. Now, 16,000 fast food jobs have been lost and fast food prices are up more than 14.5%. And here is why: the $20 minimum wage harms California’s least skilled and least experienced workers, as they are no more productive, but are significantly more expensive, and results in harms the business owners as well.This week, new data released from the ne...