Minimum Wage Wipes Out Jobs in California

Not everything Democrats do is ineffectual. Consider minimum wage hikes — via Yahoo Finance:

Carl’s Jr. is staring down the potential loss of dozens of California locations after a franchisee and its affiliates filed for bankruptcy protection — blaming the state’s staggering minimum wage. …

Friendly Franchisees Corporation CEO and Founder Harshad Dharod said the state’s $20 minimum wage in the fast-food sector contributes to the chain’s financial distress ahead of bankruptcy filing under subsidiary Sun Gir, according to Restaurant Dive.

Fast food franchises cannot stay solvent while paying teenagers $20/hour to flip hamburgers. No one expects them to. The objective of ever higher minimum wage is to saw off the bottom rung of the ladder, resulting in more government dependence and thereby more votes for Democrats.

Carl’s Jr. isn’t the only victim:

California’s high fast-food minimum wage has spelled trouble for other fast-food operators

Researchers found that the minimum wage hike has cost the fast-food sector 18,000 jobs since it went into effect in April 2024, representing a 3.2% decline in that sector compared to fast-food sectors in other parts of the country.

Imagine how many jobs Gavin Newsom et al. could wipe out if given power at the national level.

On a tip from Anonymous.

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