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:
And the people now making $15/hour will of course want $20 and those making $20 will want $25.
there will be less jobs
The fact is many companies still able to make profits, they just dont want to scarifying anything….tried of their BS
I think that the minimum wage in Frisco should be $95 per hour!
I love to see dumbes operate
Raise yourself out of business. lol
The burden to their tax payers keeps going UP!
We must keep the wages low to help the rich we must cut the tax to help the rich please do your part stop the suffering of the rich
Lmao!
Libs really think high taxes to companies helps them!
They just don’t get it, that companies don’t pay taxes, you pay them in extra cost of product.
In NYC, product has to come over a bridge, let’s say the George Washington bridge.
An 18 wheelers toll is $105.00.
Then, trucks can’t park, so they double park st every stop, ticket $150.00.
Plus labor, 2 men and trucking fees!
So, why are 16 oz. sodas $1.75-$2.00 each?
Liberal states will suck you dry, move while you can!!!
Anyone who knows economics knows this will happen. Pay raises makes everything go up. Rent, groceries, electric, …. Nothing comes for free…
Kiosk are being installed in fast food restaurants already, more jobs lost. They asked for it, they got it…They just made it worse for themselves…
Hours cut, or a machine takes over their jobs…