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

submitted 4 months 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] 24 points 4 months ago

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

[–] [email protected] 9 points 4 months ago (1 children)

but the shareholders? nobody thinks about them...

[–] Lexam 6 points 4 months ago

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

[–] [email protected] 4 points 4 months ago* (last edited 4 months 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?

[–] adarza 15 points 4 months ago (1 children)

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