re: California fast food restaurants have cut 10,000 jobs since passing $20 minimum wage

Economics is hard. Dipshit.

quote:

---

Easy to tell who never went to college. You need lots of help. I support free market wages. You support unemployment.

---

I have a college degree and I don’t spend $200 to throw away my garbage so I don’t think you want to get into an intellectual dick measuring contest.

In an ideal world, minimum wage wouldn’t be necessary. We don’t live in an ideal world. This phenomenon of rooting for lower wages for fellow Americans in certain industries is stupid. You get what you pay for in this world and that extends to labor.

quote:

---

We dont support wage floors which lead to unemployment. You do

---

We who Roger?

You literally live in a state where you get a welfare check from oil companies each year and I know you aren’t declining it so don’t even try to act you are standing on principled ground.

There are a million different ways that state and federal government interfere in private business and yet y’all choose to be the most angry at the one that arguably benefits your fellow Americans the most. We could have a movement to get rid of income taxes and impose heavy import taxes (which is how we originally funded government in this nation before the creation of the Federal Reserve) but you corporate cocksuckers would oppose it because “it interferes in muh free markets!”

quote:

---

The rule impacts restaurants that have at least 60 locations nationwide, except those that make and sell their own bread.

---

politicians being bought by big bread!

seriously what is this though? he got stock in panera or something?

quote:

---

Turns out this is fake news created by The Wall Street Journal.

quote:
A full-page ad recently placed in USA Today by the California Business and Industrial Alliance asserted that nearly 10,000 fast-food jobs had been lost in the state since Gov. Gavin Newsom signed the law in September.The ad listed a dozen chains, from Pizza Hut to Cinnabon, whose local franchisees had cut employment or raised prices, or are considering taking those steps. According to the ad, the chains were "victims of Newsom's minimum wage," which increased the minimum wage in fast food to $20 from $16, starting April 1.Here's something you might want to know about this claim. It's baloney, sliced thick. In fact, from September through January, the period covered by the ad, fast-food employment in California has gone up, as tracked by the Bureau of Labor Statistics and the Federal Reserve. The claim that it has fallen represents a flagrant misrepresentation of government employment figures.


quote:
As of April, employment in the limited-service restaurant sector that includes fast-food establishments was higher by nearly 7,000 jobs than it was in April 2023, months before Newsom signed the minimum wage bill.

---

I can't believe big business would spend money to try to discourage Americans from seeking wage increases via fear-mongering... oh wait, they've been spending billions lobbying for the exact same thing for decades.

quote:

---

As of April, employment in the limited-service restaurant sector that includes fast-food establishments was higher by nearly 7,000 jobs than it was in April 2023, months before Newsom signed the minimum wage bill.

---

Sure, according to the Biden administration...

quote:

---

California fast food restaurants have cut 10,000 jobs since passing $20 minimum wage

---