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California Fast Food Restaurants Shed Thousands of Jobs after $20 Minimum Wage Hike

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PeteS in CA:
California Fast Food Restaurants Shed Thousands of Jobs after $20 Minimum Wage Hike

https://www.nationalreview.com/news/california-fast-food-restaurants-shed-thousands-of-jobs-after-20-minimum-wage-hike/


--- Quote ---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 period a year earlier, California fast food restaurants added 17,528 jobs, a 3.1 percent increase over those ten months in 2022 and 2023, the data show.

“Newsom took a sledgehammer to the state’s restaurants when he signed the $20 fast food minimum wage law,” Rebekah Paxton, EPI’s research director, said in a press release.  “Jobs have been smashed by thousands and the industry is struggling to stay afloat.”
--- End quote ---

No surprise, "just" the numbers of how much damage was done. Given the previous year's numbers, one could argue that nearly 24,000 jobs were lost in the 10 months, between the literal ~6K lost and another ~17.5K not created.

Kamaji:
Stupid is as stupid does.

Hoodat:
But isn't this what California voters wanted?

Fishrrman:
Totally...
... unexpected.

mountaineer:
This comes as a complete surprise to absolutely no one with working brain cells.

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