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 $12.25 is being implemented by certain retailers.
See who is raising prices in San Francisco, page 2:
Honestly, all i see here is a$#%&!@*measuring contest between the companies and the government. When you have companies that give out bonuses to managers for turning up a better net profit (getting fewer ppl to do more work with smaller pay) what makes you think they big bosses will let a law tap into their 6-7+ digit salary?
You have to be kidding me. What economics is being understood here? Since there has been a minimum wage, an increase in minimum wage has NEVER increased inflation. Not one time. That is what the facts are.
You have to be kidding me. What economics is being understood here? Since there has been a minimum wage, an increase in minimum wage has NEVER increased inflation. Not one time. That is what the facts are.
Mike Previtire Tell Chipotle that. Lol
I bet that Chris dude makes alot more than his employees, so much for equality huh.
Also my business is part time..i have a full time job as well.
I don’t have any employees…all my profit goes back into the business to grow it.
I hope to one day do it full time, but the way medical/healthcare insurance costs are, i doubt that will be anytime soon.
Also, business owners should make more, they have all the investment and all the risks.
AGAIN where did I say employees should make the same as the owner? PLEASE SHOW ME hahaha
Does Chipolte only make 1 burrito an hour per employee?
Damn they must be struggling. I wonder how the CEO and Co-CEO get their 13.8 million dollar a year salary then….
Its funny to me people cannot comprehend spreading out costs.
If it gets them off the government$#%&!@*…im in
What’s your source if this is a fact?