Reduced employment by 3% but otherwise fine, yeah.
https://www.nber.org/papers/w34033
A nationwide $30 minimum wage would have a significantly higher impact (most places have lower wages than California and $30 is more than $20).
It's fine to argue it's a good tradeoff; I just want advocates to admit there is a tradeoff.
A medium fries is over $4 before taxes… over $1 more expensive than the rest of the country.
https://news.ycombinator.com/item?id=44968997
Same with Chipotle.
https://news.ycombinator.com/item?id=45762671
Who pays the profits? Like tariffs, the consumer. You pay for these billions in annual profits.
What you really need to look at is the cost of labor for a random McDonald's franchisee.
Study: California's $20 fast-food minimum wage improves pay at small cost to consumers - https://news.ycombinator.com/item?id=43806608 - May 2025
https://www.axios.com/local/san-francisco/2025/02/27/uc-berk...
https://irle.berkeley.edu/publications/brief/effects-of-the-...
If the profit percentage hasn’t increased, “record profits” is meaningless drivel that just means it kept up with inflation.
Regardless, the fries cost what the local market can bear, not what they "want" to charge for them.