California Fast Food Revisited: Seasonal Adjustment Matters. A Lot.
California’s $20 minimum wage reduced employment in limited service restaurants. But you must look at seasonally adjusted data. Continue Reading →
Tag Archives: $20 minimum wage
Six More Victims of California’s $20 Minimum Wage
Shake Shack is a nationwide chain of fast-food restaurants. They have added six more victims of California’s $20 minimum wage. Continue Reading →
California Unions Want a Wage Increase for Fast-Food Workers
Unions want a $0.70 raise to $20.70. Demand curves slope downward. Costs increase and supply decreases. Price increases and output drops. Continue Reading →
Cato On the $20 Fast-Food Minimum Wage
The Cato Institute’s Michael Chapman has a long essay on the likely impact of California’s $20 fast-food minimum wage. A substantial part of it is drawn from Ryan Bourne’s new Continue Reading →
Update On the $20 Fast-Food Minimum Wage
if a firm raises price for a product, the quantity demanded will fall. This leads us to an update on the $20 fast-food minimum wage. Continue Reading →
Newsom’s Office Screwed Up Big-Time
Many of the businesses included in the “Limited-Service Restaurants” category are not fast-food restaurants. Delis? Family restaurants? Continue Reading →