California now leads the nation in imposing dumb wage laws. The state just raised the hourly minimum wage for fast food workers to $20.
Gov. Gavin Newsom said, “We saw the inequities … we had a responsibility to do more.”
Unions pushed for the higher minimum, and in Democrat-run states, unions usually get what they want.
CNN announced, “Half a million California fast food workers will now earn $20 per hour!”
Gullible leftists at the Center for American Progress claim, “A higher minimum wage would boost millions of families out of poverty and further stimulate the economy.”
Yippee! It’s a happy cycle! Win-win.
But wait, if it’s win-win, why just make the minimum $20? Why not $30? Or $100?
Because government requiring higher wages is not a win-win.
Interfering with market prices always creates nasty unintended consequences….
