What’s the impact of California’s minimum wage hikes? Economists say there’s consensus

San Francisco Chronicle

What’s the impact of California’s minimum wage hikes? Economist behind new study says there’s consensus

Jessica Roy •

A UC Berkeley says after California's $20 fast food minimum wage went into effect, workers made more, employment stayed stable and prices rose only modestly.

It’s almost like the prices were pretty near the supply/demand equilibrium already and corporations were just banking the extra cash.