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:
San Andreas could possibly be about to give Brown his wall of separation from the rest of America. They might actually end up at the bottom of the ocean like scientist have been predicting for decades.
Alexander Bacon
A raise in costs will increase prices. It may not equal hour increase per unit sold, but it will definitly be there. They will adjust to keep profit margins in place. They will do so by hiring fewer employees and/or by automation. It may also discourage new business, period.
California will soon file bankrupsy becasue of their moron leaders. How about you Hollywood trash giving help on this? Do something worth while. Lots of good people in California.
OK by me i will never eat at Chipotle, never have ad never will.
lets hope so
stupid is as stupid dos
Okay, so can we agree that raising minimum wage is not the solution? Can we agree that “sharing the wealth” is?
That means the prices you pay the register will go up 14%…they will call it inflation!
these liberals obviously know nothing about business and what sounds like a little raise for employees is actually a big hit for business owners. if an employee makes $15/hr they actually cost the employer about $30/hr with all of the other expenses like insurance, workmans comp, taxes ect.