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:
Newsflash….THE LEFT DOES NOT CARE!! MONEY, POWER, AND LAWLESSNESS ARE ITS MANTRA….THEY ARE DRAWN TO LIVE IN SIN!!
Then business will go down 11-14%. Dumbasses
The damn greedy ceos need to stop taking ridiculous bonuses…they do not need to raise prices. What a load of c**p!
God bless your soul. I am Albert I really love to know more if you. If you don’t mind kindly send me a request. Thanks.
It’s simple…..economics 101.
Now businesses will be forced to lay people off, and assign extra duties to other employees. But of course when the unemployment rate Rises it will be Trump’s fault
And the next thing they’ll do is lay off workers. Yep – raising the minimum wage is a real good idea.
That’s ok Patti, there are and will be plenty of jobs that wont punish staff
Wages are typically 11% of a business cost. the cost increase should be in the 2 to 5% range as wages go up for everyone.
That is why minimum wage requirements are detrimental to society. The only ones who benefit from minimum wage increases are the politicians who push them so that they can tell the sheep that they are working to make things better. When in reality, nothing is gained by the minimum wage worker and the real victim is the middle class as their pay remains unaffected but have to pay more for goods and services. The only ones pushing for minimum wage increases are politicians and the economics illiterates.