On Monday, the minimum wage for fast food workers in California increased to $20 an hour, 25% above the state's previous level. This move challenges the traditional understanding that increasing labor costs leads to reduced employment. Fast food restaurants have the power to set wages and employment levels below the standard economic theory .
The modern theory recognizes employers' wage-setting power and suggests that a higher minimum wage can help overcome this power, ultimately benefiting both pay and employment
California Fast Food Workers Minimum Wage Labor Market Employment Economic Theory
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Unaffordable’: California McDonald’s Franchisee Slams Gavin Newsom’s $20 Fast Food Minimum Wage BillSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Will $20 minimum wage crush fast food in California?California is on the cusp of putting the fast-food industry into a curious economic experiment.
Source: ladailynews - 🏆 332. / 59 Read more »
California $20 fast food minimum wage is a win for workers, but worries franchiseesThe California $20 minimum wage for fast food employees is celebrated by workers, but sparks concerns for some franchise owners.
Source: nbcsandiego - 🏆 524. / 51 Read more »
California's $20 Fast Food Worker Minimum Wage Kicks InBrett Wilkins is a staff writer for Common Dreams.
Source: commondreams - 🏆 530. / 51 Read more »
New $20 minimum wage now in effect for California fast food workersDemocrats passed the law last year in part as an acknowledgement that many who work in fast food are not teenagers earning some spending money, but adults working to support their families.
Source: ladailynews - 🏆 332. / 59 Read more »
California fast food workers get $20 hourly minimumThe minimum wage for many fast food workers in California rose to $20 per hour on Monday, sparking joy for employees but warnings of likely price increases in the state which already faces a high cost of living.
Source: KJNBNews - 🏆 526. / 51 Read more »