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:
People don’t understand that if you pay someone 15.00 an hour for flipping a burger then that burger is going to cost 15.00.
And if that person flipping burgers is making $10 an hour how is he supposed to keep a roof over his head so he can flip your burgers. $15 an hour doesn’t even come close to make it so somebody can have a decent home. That barely get you into the ghetto.
Minimum wage here is 7.25, and a McDouble is 1.49. I don’t see min wage making a $15 burger. I don’t think we need $15/hr min wage, but let’s be honest about costs.
This nonsense they should only raise prices by 14% of the percentage wages are of the total revenue…..they screwing the customers…..
What you said is nonsense. The article clearly states a 10-14% increase in prices to match the 14% increase in labor costs. Read a book.
Lol. Idiots.
Basic frikken economics.
I really don’t have a problem with this. If it costs more than I want to spend then I will pack a lunch or go somewhere else..t is reduced? why should labor be where the cost is contained? why not condiments, product brick and mortar overhead?
William Wheeler Sharp reply on the exchange rate. A lot of people don’t consider that. But around here you have to shoot for $18 just to get $12.
Wait until minimum wage sets in and see how many are left. If nothing is left but corporate? Go figure.
Used a very liberal business as an example lol