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 good for everybody.
Well I Doubt the food got 14 percent better, and you know the service didn’t!
This is ECON 101! It effects all pay levels! If U require a $15 min wage for unskilled labor then demands higher wage for all levels of SKILLED LABOR! The entry level & unskilled labor was NEVER suppose 2
Be a live able support a family wages ECT… This is a stupid harmful approach! Bernie, how do U do this along with free college, Bene’s for all those illegals & Refugees! Where does all this come from. From hard working taxpayers who can’t support their families
as it is. YET BERNIE teal wants 2 take more with huge debt issues!
Duh….it called cause and effect.
Low profit margins are the norm for all kinds of low to mid-priced restaurants. Jean Trefey, perhaps you’re not aware of that? Most fast food restaurants are franchised. The owners are not “greedy”. They are local citizens of our communities, paying taxes and employing people. Are you confusing them with Wall Street? Billions?! Really?
business 101, if it cost more to make it, it cost more to buy it… duh!
DUH!
Duh… simple economics.
….Because that’s how it works.
Cause and effect….
raise employment salary =
increase in cost of merchandise/ services