Liberals subscribe to magical thinking, believing that free college tuition and free health care to illegals will somehow end up a net win for the public. But reality often intrudes on this magical thinking like a big pimple on the end of your nose, and it is painful and unsightly. In this case, the laws of economics are intruding into the magical thinking of liberal politicians in San Francisco (as if there were any other kind there), and it is a growing problem.
San Francisco has declared that the minimum wage in the city, now being replicated in several other fact-challenged cities, will rise to $15 by 2018, and polls there predict happy, better-paid workers who will finally have a “living wage.” They have also insisted that this will not increase inflation and that it will be a boon to the minimum wage worker. That is a lie. And the impact is just now showing up as the first mandated rise from $10.74 to $12.25 is being implemented by certain retailers.
See who is raising prices in San Francisco, page 2:
raising MW 14% does not increase costs 14% since labor is typically 1/3 the cost of operation for foodservice operations….a 5% price increase would easily cover the wage increase…..more corporate greed being blamed on the worker, the very people who make their profits possible….
LOL….
It has already been proven by PEW Research that liberals are not near as intelligent as their conservative counterparts.
and when prices go up 14%… customers will go some where else (or eat at home)… and the business will suffer. kinda fun it’s happening in LaLa land. they sure do deserve it.
. . . they cause and disregard the affect . . . then they cause again, all in the name of helping the very people they espouse . . . the fix is always worse than the disease with Progressives
Sean Sellars Is that why companies are outsourcing our jobs to all the countries with lower wages?
Bobby Deshotel The cost of living in Australia is 9.3% higher than US and the exchange rate is something you also need to consider. Now see how it changes your point?
Chipotle is taking advantage of an opportunity. All of the credible economic research demonstrates that raising the minimum wage have virtually zero effect on employment.
it’s call “math” and it is not partisan.
Now THIS is FUNNY!…..BG>