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:
Listening to this spiel for 60 + years… somehow it doesn’t seem to occur..
lol and with all the unemployed fast food will lose their customers. See its a symbiotic relationship Henry Ford understood it.
See if people dont make money and have spendable money company’s have no buyers.
Also they said MIN wage would kill business when hey first implemented it.
I myself will not go o a automated food store.
With more higher paying jobs the labor pool is smaller. Fast food will pay more than minimum to retain workers in larger communities. I can remember in the 90s with $4.25 minimum wage McDonalds/Burger King advertising $7 an hour starting in communities with factories running. Now with all the factories closed they can pay minimum and if they lose someone 10 people apply to replace them. The same principle works.
Bottom line will result in more and more depending on welfare and then we in America will get a bigger dose of what “socialism” really is. Bigger Government and far les individual life styles.
What did they expect? The businesses have to pay for the increase in wages, and there are two choices: reduce staff or raise prices. Basic economic fact.
Since the federal minimum wage should go up 4% p/yr,(under Obama it has only gone up one time and that was his first year) 14% is pretty close to what it would be if it had been raised by 4% p/yr.
The reason the left wants $15/hour minimum wage has little or nothing to do with the low wage worker. They know that it will lead to serious inflation and that diminishes the value of the $20 Trillion in debt and that is the only way they will be able to lower the debt. Not the $$ but the value of the $$.
Peter Nygren Automation has already moved in the retail & fast food sectors. Personally I prefer the automated kiosks; fewer mistakes and faster check out. Recently I went to a full service family style restaurant and at my table I can order anything but the main meal without waiting for my server and check out as well.
A Company outside St. Louis is building the Robotics for McDonalds, and Installation is suppose to start the middle of next summer, and the Starting Point is Southern California. One Manger and a helper. How Cool is that?! And the Helper will be part-time, so no bennies needed! Score!
the only one comes out ahead IS the gov… as highter taxes!!!