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Gavin Newsom's Minimum Wage Hike Is Hurting, Not Helping, Workers; Businesses Close, 10k Jobs Axed [11:11 | Jun 07 24 | The Hill] (youtu.be)

submitted 7 months ago by jimmydoreisalefty to c/onlyvideos

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Jessica Burbank and Amber Duke discuss the consequences of California's minimum age increase, including the shuttering of businesses and loss of 10,000 jobs. #minimumwage #gavinnewsom

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[–] AA5B 3 points 7 months ago* (last edited 7 months ago)

I don’t know about those streamers, but yeah, it did seem like a bad idea to jump the fast food minimum wage all at once. Of course there will be a bit of a shock, which is why previous minimum wage hikes were phased in over time.

But I call shenanigans on the rest.

they did not support that a minimum wage hike really means 10% cost increases. There’s a lot of other inflation and profit seeking that could be included here.
how important is 10k job loses? For context, out of how many jobs in California?