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:
Imagine that
Did somebody tell me that Mexicans are good citizens????
Of course they do ! What did anyone think businesses have to do? You little educated ones in business and economics… and if you are getting your information from professors in college is on economics, you have not been educated.
And then the sales go down, then they lay off people and the cycle continues
Simple economics another nail in the coffin of california!
It totally screws older people on a fixed income too!!! They’re morons! They’re attacking the symptom not the cause which is the gov and banking cartel!!
A side benefit to artificially raising wages rather than letting the marketplace make those decisions. It at least helps to thin out the bloated welfare rolls.
A side benefit to having liberals artificially raising private sector wages rather than letting the marketplace make those decisions. It at least helps to thin out the bloated welfare rolls.
No drop the price of the food
So people can afford to eat there.Let me no how that works out for you.If they increase there cost, avoid eating there period.What a poor decision they made. O well.There problem.
Wrong