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:
This is why America needs mandatory economics classes in the public school systems. This is basic business. Unbelievable.
Anybody with half a brain know this is a dumb idea and only leads to inflation. Corporate America is not going to take a 10 – 14% loss. They in turn will raise prices which leads to fewer customers. Because of fewer customers the stores will be forced to let go of some of their workers to achieve desired sales goals. In the end the people you tried to help just lost their job !!!!
Economics 101 escapes the left.
Oh snap! Reality set in on the Liberal Left Democrats again!
I don’t normally go to fast food places now because I can go to a sit down restaurant and get quality food for less. They raise it that high in my area I will never visit one again. These jobs are not meant to be main support of a family. Education and ambition is needed to raise their level of living.
Everything the democrats do, has an equal, and opposite, result of what they thought would happen. They have no understanding of management, economics or how the real world works.
A lesson for those who think they can legislate changes in basic Arithmetic…
If you know anything about how business works you know this would happen. Shows you what liberals know about business
Chilpolte is Russian roulette with your health and their policy is to cheat employees out of overtime. Why would you give them your money for spoiled old food.
Wonder if THEY will start using ROBOTS like McDonald’s???????