Most fast food workers in California would get a $20 minimum wage next year — a nearly $5 per hour raise — under a deal announced Monday between labor unions and the industry that will avoid a costly referendum on the November 2024 ballot.
Well except if the prices are already going up, why would you want to add stress to the system that encourages them to go up even more? You’re assuming that things are disconnected but that’s in no way proven.
Well except if the prices are already going up, why would you want to add stress to the system that encourages them to go up even more? You’re assuming that things are disconnected but that’s in no way proven.
In no way proven? Like, researchers looking at historical data for minimum wage increases and comparing it to inflation increases? Like this?
https://www.upjohn.org/research-effects-raising-minimum-wage
(Spoiler: Prices generally go up 0.36% for every 10% the minimum wage is increased.)