No, the $20 minimum wage for fast food workers did not damage the industry
Claim
Fact
Fast food employment increased for the first four months of the new minimum wage law going into effect.
The number of fast food restaurants in California has grown by 40.8% compared to just 18.8% in the rest of the nation between 2014 to 2023 – as the state raised the minimum wage repeatedly during that time.
Employment increased in the sector for the first four months of the new $20 minimum wage law going into effect – peaking in August when it reached the most ever in California history.
A recent, updated study from UC Berkeley found that prices went up just 6 cents, a decrease from the original study which found a 15 cent increase.
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No, Businesses are NOT fleeing California.
California has repeatedly, year over year, created substantially more new businesses than both Florida & Texas.
No, California is NOT unfriendly to business
California is home to the most Fortune 500 companies, and the most Inc 5000 companies, and #1 for new business starts, #1 for access to venture capital funding.
No, California does NOT have the highest taxes of any state
California is one of the most equitable tax systems in the entire country