California Governor Gavin Newsom signed a bill raising the minimum wage for fast-food workers to $20/hour.
California Governor Gavin Newsom recently signed a bill raising the minimum wage for fast-food workers to $20/hour, despite concerns it may hurt teenagers who predominantly benefit from these jobs. The New York Times in 2019 echoed this sentiment, stating that minimum wage laws were once believed to cause unemployment but have since garnered support from liberals. A 1993 study by economists David Card and Alan Krueger also examined the impact of minimum wage increases, challenging the belief that they cause unemployment.
April 04, 2024
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