Minimum Wage Laws Make for Great Politics, but Fewer Jobs

Minimum Wage Laws Make for Great Politics, but Fewer Jobs

Commercial kitchen in a fast food restaurant, clean and empty as if untouched. Once again, for those who didn’t pay attention during Econ 101, if you artificially hike the price of labor, you reduce demand for workers. In California, this is playing out in terms of lost jobs, increased automation, and other consequences that result when politicians signal a unicorns-and-rainbows vision of the marketplace to their allies and leave the public to deal with the resulting mess. Higher Pay, but Fewer Jobs

"A California state law is set to raise fast-food workers’ wages in April to $20 an hour. […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.