 California's minimum wage went from $16 an hour to $20 an hour in April, and already it seems to be having an effect on company bottom lines. California Governor Gavin Newsom says the increase was necessary to give more than half a million fast food workers in the state a living wage. However, some local operators of fast food chains say they're being forced to reduce worker hours and are raising menu prices. Still, even though longer-term effects aren't clear historically, minimum wage increases have not led to fewer jobs.