California’s $20 Minimum Wage Sinks San Fran McDonald’s in ‘Gut-Wrenching’ Loss After Over 30 Years of Service

Conservative economist Thomas Sowell will turn 94 on June 30, but his wit and wisdom remain as timely and necessary as ever.
Take the case of a McDonald’s restaurant that’s been in an iconic San Francisco location for over 30 years. Then take one of Sowell’s most famous — and accurate — quotes:
“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force,” Sowell wrote in his 2000 book “Basic Economics: A Citizen’s Guide to the Economy.”

“Making it illegal to pay less …

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