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:
….DUH…..
That is a given!! They will all do that to cover the increase in pay and then thelay offs start!!!! The old true saying – be careful what you ask for!!!!
What did you expect? Businesses will have to raise their prices to stay in business . Liberals just can’t seem to understand basic economics
Because the cost of everything associated with owning a business have gonebup
Just taking a quick poll……Did ANYONE not see that coming? Anyone? Anyone at all?
Simple economics, and the libs still dont get it. Amazes me that they can walk and chew gum at the same time.
And just wait until they realize making the extra pay will mean losing welfare and foodstamps…
Be more clear next time thought you were trolling at me… yes why pay more with minumum wage our rent and the price on everything goes up and never drops only a act of congress can fight Corporate America has a problem Greed Fear and Expectation is running everones lives right now make evetyone suffer while only a few can still live beyond their means to live… the jobs market always been at garage sale prices America doesn’t have a living wage as long as others monopolize and raise the cost of living I thought the government controls that not corporate America and property owners they are still making a profit now they want to curb their losses because no one had jobs to spend on their services or more in rent… im just guna be in the streets rioting against the fat cats and political fat cats who never protected us from the paupers bankers and large corporate america who got obama elected so they can steal billions from America taxpayers with obamacare where is all that money where did it go?
Because our overhead has gone up. Product costs, utilities costs, insurance costs, leasing costs etc. There’s a lot more to running a business than labor costs. Take your unskilled self to a business class or 2 and you would understand. Or just go with your knee jerk reaction to stupid pics on face book, it’s been working out great for you so far hasn’t it?
Simple economics…