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by loeg 225 days ago
> CA took fast food min wage up to $20 and it’s been fine.

Reduced employment by 3% but otherwise fine, yeah.

https://www.nber.org/papers/w34033

A nationwide $30 minimum wage would have a significantly higher impact (most places have lower wages than California and $30 is more than $20).

1 comments

3% of fast food jobs. Honestly that seems like a worthwhile tradeoff. Fastfood prices have increased a lot in recent years as well, but it's unclear how much if any is due to minimum wage increase.
Fast food jobs are where the higher minimum was imposed.

It's fine to argue it's a good tradeoff; I just want advocates to admit there is a tradeoff.