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California Raises Its Minimum Wage to $20 | The Minimum Wage Should Be Zero
California has officially raised the minimum wage for fast food workers to $20 an hour. One of the many schemes' governments use to bleed people dry like tax cattle is that of the minimum wage. All this system does is devalue skilled labor and drive unskilled laborers out of the work force due to an inability to meet value creation requirements set by the ever-increasing standards laid at the feet of the employers who must pay more money for less value. This further diminishes their profits thus removing their capacity to provide further employment to unskilled laborers in search or job experience which in turn lowers the available work force due to arbitrary restriction set by the state.
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Sources--------------------------------------------------------
CNN: https://www.cnn.com/2024/04/01/business/california-fast-food-minimum-wage/index.html
New York Post 2: https://nypost.com/2024/02/28/business/panera-bread-exempt-from-california-wage-law-after-newsom-donation/
Associated Press: https://apnews.com/article/california-highest-unemployment-slower-job-growth-b1e4c822b33f29f819dbb024103cc843
End Wokeness Tweet: https://twitter.com/EndWokeness/status/1775682005729993142
Finance Guy Tweet: https://twitter.com/GuyTalksFinance/status/1775144392275169360
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