California’s Fast-Food Minimum Wage Hike Didn’t Cut Jobs or Raise Prices Significantly, Study Reports
la.eater.com
here is a link to the study that the article cites : https://irle.berkeley.edu/wp-content/uploads/2024/09/Sectoral-Wage-Setting-in-California-09-30-2024.pdf
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It's almost as if we have this argument every few years for the last two centuries. Minimum wage increases do not increase the price of goods.
And even when they do, it's minimal and the increase is more than offset by the wage increase.
But WaGe-pRiCe sPiRaL!!!