Fredo and I were not the only ones to predict this result…
It has now been a year and a few weeks since Assembly Bill 1228, the stupid (but typical, for California) law that raised the fast food minimum wage to $20 an hour in the Golden State, went into effect after being signed into law by Gavin Newsome. Shortly after that idiocy, I wrote in part here,
“Certain laws of economics are immutable: if someone’s skills and the value of their labor are not worth the amount they demand in compensation for it, then eventually no one will be willing to hire them….The U.S. Chamber of Commerce charged me with examining just this issue in my role as head of the National Chamber Foundation, the Chamber’s public policy research arm. I hired an independent economist….and he concluded that indeed, raising the minimum wage cost the most vulnerable American workers jobs every…single…time. ..Never mind, though: 21st Century progressives seem to care about virtue-signalling and fealty to socialist cant more than actual results or, to put it another way, reality. Naturally California, one of our extreme leftist kamikaze states, arguably the most reckless one, has adopted this attitude…Governor Newsom signed into law a $20 an hour minimum wage hike on the fast food sector for the “benefit” of fast food workers… Everything we have learned about minimum wage hikes indicated that this would be a disaster, but advocates of the move in the Democratic party pooh-poohed the objections as more proof that conservatives are cruel and greedy.”







