California’s $20 Minimum Wage: A Lesson in Economic Reality

California’s $20 Minimum Wage: A Lesson in Economic Reality

When California Governor Gavin Newsom signed his $20 minimum wage mandate for fast-food workers, he described it as a “win-win-win” scenario. The reality reads more like a cautionary tale about what happens when woke politics intersects with reality. The FAST Recovery Act, implemented in 2023, was intended to be Newsom’s crowning triple achievement, designed to … Read more