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:
That’s bound to happen. No one will benefit. The more money they pay you, the more they’ll charge for their products. Was or is anyone stupid enough to think companies will absorb that expense.
What did they expect?
Dems out there have no economic literacy. The difference has to be made up some place else. Then the COL goes up and the political leaders are shocked and blame everyone but themselves.
Strong work not
Really the liberals still won. It causes business to close and that’s what they want like Osluma.
There goes the burrito bowls.lmao
I feel bad for the managers though.They will have to have non stop interviews because now they have mostly part timers working there and they want to qualify for food stamps.lmao
Why is it so hard for people to understand this?
$15/hr min. = 400,000 jobs LOST…stay stupid, Cali.
And, in hindsight, I little logging might not have been a bad idea after all, huh?
Well the liberals and their liberal professors didn’t think this one through. If hourly wages go up so does the cost of a product once the price of the product has gotten overpriced people refuse to buy the product so now liberals can take credit for shutting down the fast food market!!