The Tradeoffs of California’s $20 Fast-Food Wage

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Издатель
California’s $20 minimum wage for covered fast-food workers was created to raise earnings in one of the state’s largest low-wage industries.

Critics argue that higher labor costs can reshape how businesses hire, invest, and operate, which may encourage them to rely more heavily on automation to reduce expenses.

Christopher Thornberg, Founding Partner of Beacon Economics, examines the tradeoffs behind California’s fast-food wage policy. He argues that when entry-level positions become more expensive to fill, younger workers, people with disabilities, and others seeking a first job may have fewer opportunities to gain experience, training, and a path to higher-paying work.

Категория
Экономика
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