Yes of course, but profits are lower.

And if there is anything more taboo than sex on tv in the US, it’s reducing profits.

Please, tell me which part of the world has higher minimum wage and lower prices. I dare you.

No? $20US/hour is higher than any national wage floor currently, wikipedia unsurprisingly has a great list at https://en.wikipedia.org/wiki/List_of_countries_by_minimum_w...

Even in PPP units (which subsumes both your points) California beats everyone in that list but Argentina (which has some kind of craziness in its PPP scaling I don't understand). The next closest is the Netherlands at ~$17.

I mean, it really shouldn't be surprising to point out that California is really fucking wealthy.

I wonder if that changes if you factor in the value of public services people receive? I'm sure the Dutch have better government programs w.r.t. healthcare and other essential services than we Americans do.

PPP includes a lot of that, but not healthcare (the analysis for which is really complicated because it's not like you just pay one number and add it up, outcome curves matter, etc...). A closer number is "disposable income", which is the money a household has leftover after essentials. But that can't be measured with a hourly wage number, and AFAIK no one has tried to measure it specifically for "fast food workers in California", the numbers you see tend to be for medians, so somewhat higher up the scale.

But yes: the USA does really well on disposable income metrics too. It's not popuular to point out given all our recurrent shitstorms, but in fact Americans are, yeah, really fucking wealthy.