Let's talk about the number one state in unemployment, in homelessness, highest in taxes,

and the one that keeps coming up with bad ideas.

Eric, get the trophy ready.

California's $20 fast food minimum wage that they came up with that.

Everyone's like, oh my God, revolutionary.

If California can do it, so can you.

Well, before you try to be California, with this $20 an hour minimum wage idea,

watch these numbers closely.

The $20 fast food minimum wage led to 18,000 fewer jobs.

Weird.

A National Bureau of Economic Research paper reported that California's $20 an hour minimum wage

enacted in September of 2023, effective in April of 2024, led to 2.7% employment decline.

That's a big number.

In the fast food sector compared to other U.S.

regions with a median estimate of 18,000 jobs lost relative to counterfactual adjusting

for pre-AB1228 trends, the decline increased increases to 3.2 percent. Employment Policies

Institute estimated non-tipped restaurant workers lost

250 hours annually, equating to $4,000 in lost income or seven weeks of work per employee.

California Globe reported that thousands of fast food jobs were shed in anticipation of higher

costs, including 1,200 drivers at Pizza Hut.

After 200 drivers just at Pizza Hut. Holy moly.

After the law took office, took effect, restaurant automated to avoid higher wages with some closing entirely.

...