The $20 minimum wage in California would lead to a loss of 5,100 fast-food jobs and more than 300 establishments

See How California Does (In) Business: Sacramento subverts democracy to extort fast-food restaurants. WSJ editorial. Excerpts:

"An analysis by Oxford Economics estimates the $20 minimum wage would lead to a loss of 5,100 fast-food jobs and more than 300 establishments.

The economic impact will extend beyond the fast-food industry as unions well know. Fast food’s $20 minimum wage will force employers in such industries as retail and transportation to raise pay to compete for workers. That means $20 an hour will become the state’s de facto minimum wage, which will threaten many small businesses. Nearly eight million workers in the state earn less than $20 an hour.

Unemployment in California has crept up to 4.6%—the second highest in the country after Nevada—from 3.8% last July. One reason is businesses are leaving for states where they don’t have to worry about getting extorted by the Democratic union machine for daring to ask voters to override the Legislature. Democracy withers in this one-party state."