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Multimedia 

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Cato Podcast • May 21, 2026 

# Out to Lunch: California’s $20 Fast-Food Wage 

California’s $20 fast-food minimum wage cut employment by roughly 18,000 jobs and pushed up restaurant prices. Cato’s Ryan Bourne talks to UC San Diego economist Jeff Clemens about California’s wage-floor experiment—and the broader lessons for state and federal minimum wage policy.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Ryan Bourne](/sites/cato.org/files/styles/author_picture/public/2021-01/Ryan%20Bourne.jpg?itok=nv8-2r7d)](/people/ryan-bourne) 

##### [Ryan Bourne](/people/ryan-bourne)

R. Evan Scharf Chair for the Public Understanding of Economics, Cato Institute

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](https://x.com/MrRBourne) [ 

](mailto:rbourne@cato.org) 

##### Jeffrey Clemens 

University of California San Diego