Birdwatch Note Rating
2022-12-12 03:54:46 UTC - HELPFUL
Rated by Participant: CC708FAFD87F461C00119627D6DA2CCB86A10547F1364230D0D1AB2091B39A79
Participant Details
Original Note:
Economists have competing models of minimum wage impacts on fast food prices, but all show increases. In the context of a 2022 min. wage law in CA, UC Riverside’s Chris Thornberg predicts a $22/hr rate would raise prices 20%, while UC Berkeley’s Michael Reich predicts 2.3%. https://finance.yahoo.com/news/law-could-raise-fast-food-130039773.html
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