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:
SF/California/all the rest who have increased the minimum wage, do so to put those people in a tax bracket.
No equivalency.
DOH!
We need robots!!!
don’t say I told you so
Cheaper and better to stay home now
14% pay increase in minimum wage and social security got 0% for the 3rd time under Obama!
Landlords should raise rents by 15%.
You are missing the point, the businesses can’t afford to absorb the higher mandated wages for unskilled workers, so they either pass the increase on to customers via higher prices or go out of business
I’m waiting on business to began systematically closing their doors.