The Impact of Minimum Wage Hikes on Businesses in California
Source
X Post: https://x.com/JakeCan72/status/2006081054461907268
One year after Gavin Newsom’s $20 fast-food wage mandate:
CNN admits it: “Higher pay, debatable job numbers.”
Mic Drop Question:
“How much do you make per hour… after being fired?”
Here’s the reality CNN tiptoes around
- NBER working paper estimates 18,000–20,000 fast-food jobs lost
- Remaining workers saw hours cut
- Menu prices jumped across chains
- Self-serve kiosks replaced people
Newsom called it a “win for workers.”
But thousands of workers now earn $0/hour.
To every blue state eyeing the same mandate: This is the outcome.
And America—if Newsom runs in 2028 pushing national wage hikes? Expect California-style job losses, nationwide.
Real economics beats political photo-ops. Every time.