Maybe, but this was NOT just raising the minimum wage. This was raising the minimum wage for fast food workers of large franchises. They deliberately distorted the job market and at least some of those negatives are because of that.
The question is what goal were they intending by distorting the job market and was that achieved?
The principles of economics remain the same. The cost of doing business goes up. Consequently, employers will hire less people, reduce hours, raise prices, and automate.
Maybe, but this was NOT just raising the minimum wage. This was raising the minimum wage for fast food workers of large franchises. They deliberately distorted the job market and at least some of those negatives are because of that.
The question is what goal were they intending by distorting the job market and was that achieved?
The principles of economics remain the same. The cost of doing business goes up. Consequently, employers will hire less people, reduce hours, raise prices, and automate.