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 will quit eating out and your business will shut down.
Who would have seen that coming? Just wait it will get a lot worse.
i wont be eating there
Corporations are in business to make money. They are not charities, they are not around solely to provide jobs for their workers. If you think that the worker should make more money then you get upset when they raise the prices to continue to make a profit, then you are what is known as a Communist.
BTW Chipotle is a publicly traded company, that means that they are owned by shareholders. These shareholders are comprised of individuals, pensions funds, and investment companies that are there to make money for their customers (these are teachers, union workers, average Joe’s).
So when you get mad at a company like Chipotle for making a profit, you are actually saying that the average person who saves money and puts it into a 401k or retirement account should not be earning any money for the risk that they take.
Please take the time to think all the way through a decision and not just sit with your head in the sand.
You are thinking of federal min wage. Most states have a min wage that is higher and thus the increase. Also wages, although it is the largest, is not the only cost of running a restaurant. Food costs and energy costs play a large role in retail pricing.
I live in texas, we’re a right to work state and the minimum wage here is $7.25. I’m not talking about just restaurants, I meant services and goods as well.
So now fewer people will want to spend that much money to eat there and they’ll have to lay off workers. Trust me…I know how it works b/c I’m a business owner.
Maybe we should be thinking and working for a decnt living for all instead of a government mandate raising wages for menial labor. Think about it if we returned to simple requirements for businesses and stopped the high sales and income taxes which go to fund these agencies whose sole role is to create expensive and unnecessary requirements of businesses. Think of the opportunity and the reality of corruption.
I guess liberals never took any economics classes.
Greed over rules common sense