California minimum-wage mandate causes maximum damage

It’s a tale as old as time yet too often ignored by politicians: elected officials pass sweeping new policies and small businesses and consumers pay the price. Consider the new law in California mandating a $20-hourly minimum wage at quick-service restaurants across the state. In the days leading up to the April 1 implementation date, the headlines were predictably awash with grim economic news. "Minimum wage increase in California could lead to layoffs" blared KNTV in San Francisco. As business owners and their trade groups warned when the Fast Food...