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.
The argument isn't about the facts. It's about "I'm inventing a reason to hate seeing people of low status get more status, because my worth is based on comparing myself to them."
The reason why so many humans hate progress is because they think that it reduces their own standing.
But WaGe-pRiCe sPiRaL!!!