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I'm John Batson with my good colleague, Gene Marks,

returned from the road to comment on macro business and small business. And here we come to, as

Gene writes, spoiler alert, California fast food. Oh, Gene, what a surprise this is. I'm sure

Sacramento is sitting there stunned. They can hardly talk.

You love this because you were talking about this.

We talked about this months ago.

When California came out with their massive increase to minimum wages for the fast food industry, John, you know, sometimes you say, you remember things that I say on our calls.

I specifically remember you saying, how can this possibly not cut down on employment?

You know, I mean, I remember you.

And we were both like, yeah.

I mean, you know, you know, it seems logical.

Well, guess what it did.

...