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Podcast: News For Reasonable People
Episode: #2,649 - California Fast Food Restaurants Shed Thousands of Jobs after $20 Minimum Wage Hike
Description: California’s fast food industry shed more than 6,000 jobs after Democratic lawmakers passed a bill mandating a $20 minimum wage for most fast food and counter service restaurants in the state, according to a new analysis of labor data.
U.S. Bureau of Labor Statistics data show that between September 2023, when California governor Gavin Newsom signed Assembly Bill 1228, and June 2024, Golden State fast food employment dropped from 570,909 jobs to 564,743. That’s a loss of 6,166 jobs, or 1.1 percent, according to an analysis by the nonprofit Employment Policies Institute.
During that same peri...