The minimum wage outlaws jobs. The only question is which jobs are outlawed. In California, any job that can be done for less than $20 are illegal in fast food chains. Naturally, prices for consumers will go up, workers are laid off (thanks to a law!) while automation, kiosks and robotics replace them. Smaller businesses go out of business, or are never started; while big businesses adapt with much greater ease. Sounds a lot like the policies that were imposed under covid, doesn’t it? But this time, the tool of choice is the minimum wage law.
Ron Paul Liberty Report