"the state lost 18,000 fast food jobs -down 3.2% compared to other states."
Oh no. Fewer fast food jobs in California. Because that's the sign of a healthy economy. Fast food jobs.
Anyway, here's the other study that is referenced, out of Berzerkeley.
8. Conclusions
In the first nine months of its existence, the California fast-food minimum wage policy has
worked as intended. It has significantly increased the pay of fast-food workers. It has not
had a negative effect on fast-food employment and the number of fast-food restaurants,
and it has generated very modest price increases.
These results would be surprising in the theoretical world of perfectly competitive labor
markets, where employed workers always have the option to move to a comparable job
with another employer and employers can hire all the workers they want at the going
wage. In such a world, increases in the price of labor reduce the demand for labor.
However, as numerous studies have found, real world labor markets are far from
competitive, low-wage labor markets especially so. In real world labor markets, frictions
restrict the mobility of labor and employers must increase pay if they want to hire more
workers.
irle.berkeley.edu
It's this type of stupidity I really don't feel like talking to.
#5 | Posted by boaz
When pressed for details, you had none.
Standard M.O. for you, by the way.
Let us know how this law improves your life and your community, as the wins rack up across the Tarheel State, okay Sambo?