Higher wages mean that prices will increase because business owners need to make money to pay the higher wages, and to cover the higher wages, prices will increase.
Gavin Newsom and his cronies have overlooked this because they don’t understand simple economics.
So here we are on April 1, 2024, and the wages at restaurants are now $20 an hour, and the prices have already increased to cover the extra costs.
I never thought I would see a stack of pancakes for $11.
Get ready because all other prices are about to increase in other industries as well, not just restaurants and fast food.