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California's fast food minimum wage hike didn't cost jobs, study says (qz.com)

submitted 6 days ago by [email protected] to c/[email protected]

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The average hourly wage for fast food workers rose 18% while employment was stable, a study found

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[–] [email protected] 25 points 6 days ago

As far as I know, raising the minimum wage has never increased inflation nor decreased employment.

[–] [email protected] 9 points 6 days ago (1 children)

but the shareholders? nobody thinks about them...

[–] [email protected] 6 points 6 days ago

You think this is a laughing matter! And it is.

[–] [email protected] 4 points 6 days ago* (last edited 6 days ago) (1 children)

It's because fast food places can't cut staff. They're running as slim as they can get away with as is. OTOH, restaurants margins are famously slim so I'm not sure how, or if, they're staying in business with an 18% hike to their highest expense.

Anyone explain this?

[–] [email protected] 15 points 6 days ago (1 children)

perhaps their margins aren't as 'slim' as you think or they claim.