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:
Ok like duh , that’s how it works.
Is Pizza Hut next ? Lol
Liberals dont seem to understand Economics 101 but they will learn quickly how it works
I wonder what one will close first to bad you did it
Technological unemployment. ..the wave of the future.
Every business that can should move the hell out of California.
It OK….liberals didn’t want job anyway
If all the fast food restaurants close their stores in San Francisco, other cities will think twice about pushing their li real policies on businesses.
And this is why inflation keeps growing.
Raising the minimum wage is popular with liberal politicians because it doesn’t cost them anything. They don’t have to raise taxes or fees to pay for them. But they can take credit for them. They don’t care that the business owners are the ones who have to find ways to either pay for the raises or cut costs. And when the businesses are forced to close, the politicians can blame the owners.