🌐 Global Economy 1d ago · Alex Tabarrok

The CA Minimum Wage Increase: Summing Up

Marginal Revolution
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Two recent joint-papers Did California’s Fast Food Minimum Wage Reduce Employment? by Clemens, Edwards and Meer and The Effects of California’s $20 Fast Food Minimum Wage on Prices by Clemens, Edwards, Meer and Nguyen give what I think is a plausible and consistent account of California’s $20 fast food minimum wage.
California’s $20 fast food minimum wage raised wages in the sector by roughly 8 percent relative to the rest of the country but employment fell by 2.3 to 3.9

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