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:
Who would eat at Chipotles….!
They raised their price’s to pay off all the lawsuit’s from their
FOODBORN illness that they had in MULTIPLE state’s…!
Good luck….! Eating there….!
They will be letting employees go .
They will have no job , no money .
They will be their with their. Hands out.
Good luck , BROKE CALIFORNIA.
Anthony Comeau Just leave your silly comment right where it is and everyone knows – you opened your mouth and confirmed for them I am correct
…well put…
What a shame… workers standing around… few customers… none return… sad way for business to die… thanks White House for killing all industry…
DeportDeport the cheap labor wages will rise… Supply and demand works on people too.. If 50 people want one job they don’t have to pay.. If 3 companies want 1 worker they have tyo pay up
Fools ignore basic arithmetic much less economics.
I agree Chris Long. Its blackmail. Just like offshoring companies. They hold a gun to the heads of workers and demand “do what we want or else he is gone” businesses are greedy which is not bad in moderation. They should make profit for the shareholder but they cut wages, raise prices, cut benefits, cut safety, all the while providing obscene pay for executives who do extremely little. Its the baseline worker that makes ALL the profit for the company while getting the worst pay and conditions.
What scrutiny do ceos fall under? Why would they care? If canned they get a glorious severance package larger than we will make in a lifetime. What does he do to even earn his pay? Go to meetings and say yes or no? Hard job.
If prices rise by that much perhaps the executives can make less than a few million dollars a year to do nothing.