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 $12.25 is being implemented by certain retailers.
See who is raising prices in San Francisco, page 2:
Look which party runs the state.
They’ve been doing good for centuries it’s not the tax it’s not the regulations what they want is to pay you less and for you to never retire and just send in your children When you get too old to perform and I don’t like the rich using your money to buy policies that I have to live by they don’t
Most people do not understand how businesses work!!! When you raise the wage, you raise the price of your goods to pay that increase in wage, simple!
The people working get what they deserved !
Who cares there’s plenty of other places to eat$#%&!@*Chipotles
Stupid$#%&!@*liberals just don’t get it !
David Dewitt CEO’s making 5k an hour ,Corporations making Billions every year, and the workers making nothing and you can mostly thank your republican party for this
WTF is wrong with you man
Welcome to Economics 101.
Pay raises aren’t a good thing. The more you pay employees, the more employers have to charge for products to make up the gap. Which means prices go up, which means the value of the dollar decreases which results in an uncontrollable inflation rate, which may result in recession. The minimum wage is low for a reason.
Lmao, with risk comes reward, or, like Venezuela everyone is the same everyone’s miserable and going into zoos looking for their next meal.