Data Talks

California's minimum wage hike raised wages by 8%, resulting in 3–4% higher food prices and a 2–4% decline in fast-food employment.

Like most economic interventions, including rent control and tariffs, it helps a small subset of people at the expense of many more.

It also opens… pic.twitter.com/Ey04zXIPwA

— J.K. Lundblad (@JK_Lundblad) April 12, 2026