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:
Only a tiny fraction of the work force nationally works at minimum wage. But this increase will have a “trickle up” effect all the way up the wage scale resulting in large increases in overall costs. Extremely few people try to support a household on minimum wage.
They seem to think raising the minimum wage is going to lower the cost of living
What did they THINK was going to happen? I’ve never had an economics class in my life, and have been telling people this since the dumbasses at McDonalds started protesting for 15 dollars an hour. If you made the minimum wage 100,000 dollars per year, it would just make raise the
http://www.cnbc.com/2016/10/25/driverless-beer-run-bud-makes-shipment-with-self-driving-truck.html
morons …go team trump
Uuuh Gary LaManna you stole “my idea”. Well it really isn’t. But that’s what I think would be good especially for all the snowflakes out there. Basic training right out of high school every one and then one tour 4 years if they want college 8 years their choice national guard army whatever. Then you allready have work experience and at least a clue about discipline and team work. They will also have an idea what their work is worth.!!!!!
It’s a win win for the left.
You mean the stock holders and executives didn’t simply agree to absorb the cost through reduced salaries and dividend payments??? My God, who would have ever dreamed that????
Well if you are a trucker, your time is almost over having a middle class life. You better start hoping for a higher minimum wage. http://www.slate.com/articles/video/video/2016/10/uber_self_driving_truck_delivers_cases_budweiser_video.html
People still eat Chipotle?