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 $12.25 is being implemented by certain retailers.
See who is raising prices in San Francisco, page 2:
San Freakcisco has no connection to the real world!
Great idea Ron! I know that when I’m looking for a good investment, I always want one with almost NO return whatsoever!
10 % should cover iit…and still get a decent return.. ..Buy some silver in 3 years youll guadrouble your investment…
Check out Robert D.Wolff, Economist professor…
In Michigan when minimum wage raises every year, prices on everything including utilities and rent goes up. We cannot get a 5$ foot long anymore at subway. It’s about 7$ now. Then idiots still want the minimum wage increased while ignoring the fact we are losing good paying jobs all the time due to outsourcing. But insist on keeping their fast food job. What the hell is wrong with people?
18 hundreds go west there ‘s gold in them there hills , fast forward 21st 100 go east young man there stealing your gold fillings.
And that’s how it goes…..
I get a laugh out of Carls jrs $8 “Six-Dollar burger!
https://www.youtube.com/watch?v=lCml0rns-b4
No waitresses needed !