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:
You see Tony what you don’t understand is a business operates on a profit margin . if you raise wages then you have to maintain that margin . so what happens is either the business will raise the cost of goods or eliminate positions . so let’s say they decide to just raise the cost of goods as to not lay any employees off . now all the employees are making 15% more now the business raise its price by 15% or maybe even 10 the raise that you got becomes meaningless because now you are paying more for the things that you buy to live.my advice is learn a skill or trade or get a degree and find a job that is a career not a starting job
Liberals will never get how things work in the real world they are too busy chasing purple unicorns
Really your logic is the same all businesses will do the same. Most restaurants run on a 5% profit margin. Now go chase your purple unicorn and let the adults run the country
LOL, i am sure you all think the 20% tax on goods from Mexico is a great idea. Chipotles food sucks, I would not go their if they lowered prices by 50%
Brian L Greenlee, you paid attention in class. You are spot on.
So…, what else is new. … The same people demanding the increase and actually firing themselves. …
Not surprised
Common sense seems to be a rae thing on the left
I’d ask just how fucking stupid these idiots could possibly become but I’m seriously afraid they’d take that as a personal challenge.
isn’t this really old news? http://www.youngcons.com/san-francisco-raises-minimum-wage-14-guess-how-chipotle-responded/