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..so you don’t eat there…duh..then prices will drop..
When the CEO makes how much a hour??? You people are sheep
Some laws can’t even be broken by politicians. The law of economics is one of them.
They can bend it, stretch it, twist it, turn it, but in the end they still can’t break it.
You have no clue how fast food works if you think they are “raking in the profits”
I see El Dorado High School doesn’t have any good economics teachers
Actually everyone loses. Prices across the board on all items go up more than pay
well we need free education and healthcare for US first not no illegal aliens.
I see you are too stupid to live in reality
Do a history lesson..it’s that simple
It requires a mental midget to make the statement- “when the CEO makes how much? You people are sheep”. If it weren’t for the owners, entrepreneurs and investors in these companies there wouldn’t BE a company to employ thousands of people. Chipotle had a recent scare when hundreds of people became ill from tainted food….the employees don’t fight that…the employees don’t spend the right amount of money on a strategy to fix the image, get the word out that things are back to normal…to take care of the sick customers, to make sure there’s the right insurance in place to protect the company so it can continue to hire all these people. If you really think capitalism is the cause of ill in this country then you just don’t get it. You probably work a menial job for menial pay, because you aren’t capable of strategic thinking.