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 to think American minimum wage hike will raise gas prices is asinine. It is a globally traded commodity.
The point no one is getting is the greed. I’ve own several successful businesses so I get it. I’m just pointing out the greed…….
I’ve got very little of my retirement in the stock market. I don’t trust the stock market. …..
So if raising min wage is responsible for prices going up…. Why have prices been going up but not min wage?
Greed? Seriously? How is someone who opened a small coffee shop ‘greedy’ because they can’t afford to pay a high-school kid $15 per hour to wash dishes? Please stop spouting this liberal nonsense, because that’s exactly what it is. Don’t like what you earn? Figure out how to make more. Start your own business. This is America and everyone has an opportunity. The government should not mandate what private citizens must pay employees. https://www.youtube.com/watch?v=RWsx1X8PV_A
Matthew Fiore Move to Valenzuela if you want to see how Socialism works, and this $15 minimum wage c**p is exactly what will lead to the destruction of our economy.
Chris Long You will never get it. There are no slaves in the US. Don’t like what you’re paid? Go somewhere else. Let capitalism work its magic. If a company isn’t paying a market rate, they will fail. If the market rate for an unskilled worker is $8 per hour, that’s exactly what they should be paying. See how easy that was? Supply and demand.
What I find ironic is that fewer than 1 million Americans earn minimum wage. 870,000 actually, and this comes from the Bureau of Labor Statistics. Yes, there are a few million or so who earn below minimum wage, but they tipped employees who most likely make a decent living as waiters and bartenders. When about 4.7 million lost their health care plans due to ObamaCare, we heard ‘it was only 4.7 million’, so why do we care so much about only 870,000 (mostly kids) earning minimum wage? http://www.bls.gov/opub/reports/minimum-wage/2015/home.htm
Douglas Nelson Prices go up? What a profound statement! Seriously, that’s a bogus point because the cost of doing business goes up pretty much every year. Cost of goods sold increases so you have to increase your prices. It’s always the consumer who pays as businesses cannot ‘eat’ those increases.
Michael Billingsley Please don’t use facts. ‘They’ will never ‘get it’, no matter what we do or say. 😉