The primary implication of the study is that large minimum wage increases in high turnover sectors may raise earnings without the job losses critics predict.

Full paper: irle.berkeley.edu/wp-content/u...

#MinimumWage #California #LaborEconomics #PublicPolicy

Graphic: Wage effects event study

🍔Menu prices increased modestly, with larger increases at higher priced chains

Using survey data, administrative records, Glassdoor pay data, and prices from 2,000+ restaurants, the study compares California fast food to control states and tracks quarterly effects over time.

California's $20 Fast Food Minimum Wage Outcomes

📊 Key findings from Institute for Research on Labor and Employment working paper by Michael Reich and Denis Sosinskiy:

📈Wages rose immediately after implementation
👔No statistically significant employment decline