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:
Geez… 20 years seems to be the magic # of respondents… HUH/…
Everyone’s arguing each other about which math is right or wrong or which opinion is right or wrong is silly. The bottom line is that the middle class drives this economy, the weaker the middle class the worse it is. A series of bad decisions by your government caused this, until those bad ideas are reversed nothing gets fixed. Nafta being one of the bad ideas. They traded well paying jobs for bad ones so the wealthy ” job creators” could make more money. Until the middle class wages rise expect more of the same. Arguing on who is right means nothing. Get the career politicians out and get people in who want to fix it. For 40 years the voters have sat and watched these clowns dismember our economy and yet you still vote in these same asshats. Stop arguing and take responsibility on your own bad voting policies and fix it !
Some of you Libtards really ought to take an Economics class, Econ 101 should suffice.
Its simple economics ,raise the labor cost and the prices have to go up becaude the labor cost of the whole supply chain will have to go up, the owner of the business has to turn a profit or else whats the point of working gard?
No kidding
http://nypost.com/2015/08/25/chipotle-cvs-and-discovery-have-highest-ceo-pay-gap/
duh!!
liberals are idiots
Wow didn’t see that coming did they? Morons
They all either skipped or slept through Econ. 101…