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 $12.25 is being implemented by certain retailers.
See who is raising prices in San Francisco, page 2:
Careful what you ask for.
You guys pretty much voted yourself out of jobs and increased prices across the board. I’m no economist, but I saw the effect it would have when it was proposed by the workers the other year.
Prove that Mike Previtire.
Mike Previtire you Truely believe businesses will take,the loss…LMFAO must be Bernie fan
With this logic, we could lower the cost of living by taking away people’s pay.$#%&!@* let’s legalize slavery.
I like the “move to robots” part; particularly how you linked them with a struggling economy. An increase in productivity leads to economic stagnation? The sad part is it might actually be in whatever bs economic models you use and, doubtless, some idiot is out there screaming “productivity armageddon” and you’re mindlessly repeating here- somehow in a condescending tone.
No, what you said was that customers should be happy tp cover the increased cost of your employees. You know, instead of your absprbing that expense, by reducing your profits.
Typical hypocritical bs by “progressives”.
Moron.
The article linked increases in productivity to stagnation. Don’t bother giving these idiots sound economic theory. They’re brainwashed.
14% price increase won’t cover the increase in their costs, insurances, taxes, and other things will also go up they will probably need at least a 20% increase.
Good job folks. Your bitching about an entry level job wage for fast food has made your job obsolete soon. Your being replaced with touch screens and machines that cook food.