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:
Did anyone take economics in school? You can’ t raise wages without raising the price of the goods made by the workers or you lose money.It’ s built into the profit margin .And if you think they should take less profit,then they won’ t have the money or incentive to keep the business going .Most businesses have a fairly low profit margin as it is.
Duh comes to mind if the people thought the costs going up wouldn’t increase the product costs they obviously are ignorant to the realities of economics.
Minimum wage jobs have ALWAYS BEEN for students and people just starting out NOT FOR PEOPLE TRYING TO SUPPORT THEMSELVES OR FAMILIES. THIS IS THE RESULT YOU GET
Go figure!
Here we go folks.
They won’t have any patrons; no one will be able to afford their services.
awright!!!
The little guys are going to e put out of business
that’s what you get. you have to pay when you’re that stupid.
They ate going to automate the stores with minimum personal ,you people dont get it you raise the wage and cut workers,Macdonald ‘s has already started with it in California