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:
Michael Tunningley I guess you missed where I said IT ISNT SUPPOSED TO BE A LIVING WAGE
When more people are out of work because the business closed or automated the welfare roles will grow and the Socialist Democrats Communist Party will be happy input Socialist state. Thanks Democrats!
Cost + Overhead + Profit = Price charged. There you go.
Wage is based on skill flipping a burger is not a career it’s a job for high school kids
IT’S MINIMUM WAGE
I hope your not in control of any companies monetary or business decision David, u sound un educated. DOESN’T WORK
Good for them, the liberals going to put everything out of business
If you want to make real money go get a real job, eating places are for high school and college kids not people with families.
Byron Harrison we should all be doctors but then who manages the children running your burger place?
Nick, you could pay executives $0 and it would matter zilch. Do the math right off the bottom line.