California’s Fast-Food Minimum Wage Hike Didn’t Cut Jobs or Raise Prices Significantly, Study Reports
California’s Fast-Food Minimum Wage Hike Didn’t Cut Jobs or Raise Prices Significantly, Study Reports
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here is a link to the study that the article cites : https://irle.berkeley.edu/wp-content/uploads/2024/09/Sectoral-Wage-Setting-in-California-09-30-2024.pdf
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Didn’t fast food prices increase something like 30% though? At least in my area I remember mcchickens being way cheaper a few years ago
Yes, but that happened way before the minimum wage hike hit, and was not limited to California. So it's unrelated.
Ahh. Alright
Not exactly. Just because minimum wage didn't go up doesn't mean the minimum wage people were killing to work at fast food chains didn't go up. Middle of pandemic during the mass exodus from the work force fast food wages spiked drastically. Minimum wage in NY is not $15-$18/hr but that's where all the starting wage has been for fast food chains hiring and it never went back down. It's how a true free market capitalist economy is supposed to work.
McDonalds and a lot of the other big chains have went up drastically nationwide. It has nothing to do with the CA wage hike.
Sure, but I think the point is that raising minimum wage didn't cause that. Inflation (read: corporate greed) really harmed grocery, food, etc. prices, especially during the pandemic. It truly became a game of how much can we raise these prices until people consider not paying for it
The game is still afoot as far as I can see.
I mean, that’s always the game in sales.
Prices went up before anything even was voted on.