this post was submitted on 06 Dec 2024
5 points (66.7% liked)

Economy

527 readers
88 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago
MODERATORS
 

California Shed More Than 6,000 Jobs Due To Fast Food Wage Law | The Daily Caller

New Federal Report: California Has Lost Well Over 6,000 Fast Food Jobs Since Sept. 2023 – California Globe

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 12 points 1 month ago (7 children)

Reading the comments on that article was a mistake

Entry level persons with almost zero skills cannot produce enough profit to pay these high minimum wages. That is why these are known as entry level jobs

Entry-level jobs are a stepping stone for individuals with little to no prior experience or specialized skills. They are an investment for a company.

Plus, if you can't make "enough" profit (what is enough, really?) because of a minimum wage, then maybe your business doesn't have any right to exist.

load more comments (5 replies)