Did California’s Fast Food Minimum Wage Reduce Employment?
◈ 발표자 : Jonathan Meer (Texas A&M)
◈ 일 시 : 2025년 10월 21일 화요일 12:00 ~ 13:15◈ 장 소 : 우석경제관(223동) 405호
◈ 주 관 : 경제학부, 경제연구소 한국경제혁신센터, SSK, BK21
- 본 세미나는 경제학부 BK21 관련 세미나 참석으로 인정됩니다.
경제학부 대학원생 중 세미나 참석 인정을 받기를 원하시는 학생은 세미나 종료 후 세미나실 내에 위치한 참석 명단을 기재해 주시기 바랍니다.
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Abstract
We analyze the effect of California’s $20 fast food minimum wage, which was enacted in September 2023 and went into effect in April 2024, on employment in the fast food sector. In unadjusted data from the Quarterly Census of Employment and Wages, we find that employment in California’s fast food sector declined by 2.7 percent relative to employment in the fast food sector elsewhere in the United States from September 2023 through September 2024. Adjusting for pre-AB 1228 trends increases this differential decline to 3.2 percent, while netting out the equivalent employment changes in non- minimum-wage-intensive industries further increases the decline. Our median estimate translates into a loss of 18,000 jobs in California’s fast food sector relative to the counterfactual.