Californians are getting a lesson in economics courtesy of the state’s new minimum wage law.
A new law, taking effect this past Monday, created a minimum wage for fast-food workers of $20 an hour.
The New York Post reported that many chains in the state have already increased their prices to deal with the new wage.
Which chains are affected by the new wage?
The Post reported, “The law applies to restaurants offering limited or no table service and which are part of a national chain with at least 60 establishments nationwide.”
The old minimum wage for these restaurants was $16 an hour per state law. With an increase of $4, the Post found several chains have increased menu items to offset that.
