California's $20 minimum wage for fast food workers has paradoxically led to job growth, with nearly 12,000 jobs added since its implementation, countering fears of job cuts.
Two studies reveal that the wage increase resulted in an 18% rise in average worker pay without affecting hours or benefits, signaling a possible successful adjustment.
Price adjustments following the wage hike were minimal, with only a 3.7% increase translating to about 15 cents more per $4 burger, a negligible impact.
Despite business warnings, the anticipated consequences of the wage increase are unsubstantiated, indicating a disconnection between corporate claims and actual labor market developments.
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