New paper by economists estimates California’s $20 fast food minimum wage reduced fast food employment by 18,000 jobs
Posted by Plumplie
New paper by economists estimates California’s $20 fast food minimum wage reduced fast food employment by 18,000 jobs
Posted by Plumplie
4 Comments
What were the original projections?
Is that materially significant? It sounds like a lot of jobs but for the State of California it’s not? Increased pay stimulated consumer demand creating jobs in other places?
Having a minimum wage in general is kind of bad policy, having wage subsidies instead would likely be less economically disruptive
*”Adjusting for pre-AB 1228 trends increases this differential decline to 3.2 percent, while netting out the equivalent employment changes in non-minimum-wage-intensive industries further increases the decline.”*
Can anyone explain this sentence to me – I keep reading it and I’m too dumb to understand.
What impact on non-fast food minimum wage employment did it have? While there was a drop in fast food employment, was there a rise in other types of minimum wage labor outside of fast food?