California ’s new $20 minimum wage could leave the state with higher unemployment for years to come, economist says

California implemented its $20 minimum wage law for fast-food workers on Monday, bumping pay up to 25% from the state’s $16 minimum. Impacting over 500,000 workers in the state, the mandate was heralded as a success for labor organizers—but businesses are fearing they’ll have to lay off workers or…#scottsumner #fortune #classic #southerncalifornias #kurtpetersen #tandem #elonmusk #tesla #lonestarstate #austin
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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