California's fast food minimum wage hike didn't cost jobs, study says

The average hourly wage for fast food workers rose 18% while employment was stable, a study found

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As far as I know, raising the minimum wage has never increased inflation nor decreased employment.
but the shareholders? nobody thinks about them...
- You think this is a laughing matter! And it is.
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?
- perhaps their margins aren't as 'slim' as you think or they claim.

7 comments