Kevin O’Leary, entrepreneur and cohost of the show Shark Tank, scolded Gov. Gavin Newsom for what he called the destruction of California’s economy through a controversial minimum wage increase.
During a Monday interview on Fox Business’s The Big Money Show, O’Leary asserted that Newsom has turned The Golden State into a “version of Venezuela” by crippling the restaurant industry with a targeted minimum wage hike.
“I’m here in California shooting season 16 of Shark Tank [and] the casual dining has been decimated by a policy mistake on minimum wage,” O’Leary said, referring to Assembly Bill 1228, which mandates fast food restaurants to pay all employees $20 per hour.
O’Leary’s remarks came during a discussion with Fox Business anchor Jackie DeAngelis about the impact of the Biden administration’s proposal to increase the corporate tax rate…
