California Governor Gavin Newsom has signed off AB 257 also known as the Fast Recovery Act. Part of this act may raise the minimum wage for fast food workers up to…
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Congratulations California on becoming the world’s largest outdoor camping industry leader.
We’ve already seen what happened a few years back, when Seattle and a couple other cities mandated a $15/hour minimum wage inside their city limits – the fast food restaurants either closed down, or became essentially self-serve kiosks with only one or two personnel in the back preparing the food – other types of businesses either shut down, significantly reduced the number of employees, or moved outside the city limits – rent and the prices of other services went up, pricing the working poor that lived inside the city into having to move somewhere else or become homeless – and instead of helping the working poor inside the city earn more, people from outside the city came in and snatched up these entry level jobs that suddenly guaranteed them $15/hour. IMO, that’s one of the factors that has lead to the student loan dilemma – the entry level jobs that used to exist 50 years ago, that teenagers could work after school or during the summer, to save money for further education or get a start in life, aren’t available to them any longer – these jobs now pay so much, they have to compete with adults who consider such jobs as easy money.