‘Winners and losers’ as $20 fast-food wage nears in California
‘Winners and losers’ as $20 fast-food wage nears in California
- March 28, 2024
- David Neumark, economics, The New York Times, March 28, 2024
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David Neumark, a professor of economics at the University of California, Irvine, said the impact would be more nuanced. “A higher minimum wage creates winners and losers,” he said. The winners will be workers who keep their jobs and at most have a modest reduction in hours, he said, while the losers will be those whose hours are substantially cut or who lose their jobs — along with smaller franchise owners who were already struggling to make much of a profit.
For the full story, please visit https://www.nytimes.com/2024/03/28/business/economy/fast-food-minimum-wage-california.html?partner=calculated.
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