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California's fast food minimum wage hike didn't cost jobs, study says (qz.com)

submitted 1 month ago by [email protected] to c/[email protected]

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The average hourly wage for fast food workers rose 18% while employment was stable, a study found

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[–] [email protected] 25 points 1 month ago

As far as I know, raising the minimum wage has never increased inflation nor decreased employment.

[–] [email protected] 9 points 1 month ago (1 children)

but the shareholders? nobody thinks about them...

[–] [email protected] 6 points 1 month ago

You think this is a laughing matter! And it is.

[–] [email protected] 4 points 1 month ago* (last edited 1 month ago) (1 children)

It's because fast food places can't cut staff. They're running as slim as they can get away with as is. OTOH, restaurants margins are famously slim so I'm not sure how, or if, they're staying in business with an 18% hike to their highest expense.

Anyone explain this?

[–] [email protected] 15 points 1 month ago (1 children)

perhaps their margins aren't as 'slim' as you think or they claim.