California has just raised the minimum wage for fast food workers to $20 an hour.
WATCH: About half a million workers at California fast food chains began receiving a $20-an-hour minimum wage, and the increase has some small business owners questioning their future, even as workers say the raise helps pay the bills https://t.co/BLMdiAYAjN pic.twitter.com/Q96dTEaXPI
— Reuters Business (@ReutersBiz) April 3, 2024
Surprised they didn’t just make it $50 an hour or $100 an hour. Shit, why not $1,000 an hour? The fact of the matter is that none of these government stooges can possibly know what the proper minimum wage is at any given time. You could also argue that minimum wage itself is a stupid concept but that’s a whole other theoretical economic discussion.
From a practical sense, forcing these places to increase wages for low skilled work only means that more of these restaurants will go out of business. It also means the cost of food will go up. There will effectively be less jobs with more automation technologies brought into the mix.
Layoffs have already begun.
Mass Layoffs Begin At California Fast Food Chains As $20 Minimum Wage Law Takes Effect https://t.co/xqEY4Ywqbw
— zerohedge (@zerohedge) April 2, 2024
The increased cost of labor is already being passed on to customers.
California hiked the minimum wage to $20 per hour for fast food workers this week.
You'll never guess what happened next. pic.twitter.com/NVyg3hxsA0
— End Wokeness (@EndWokeness) April 2, 2024
The economic problems that exist are not going to be solved with minimum wage increases or other forms of government regulation. In fact, they are totally counterproductive which is probably why these criminal Marxist assholes did this in the first place.
