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 $12.25 is being implemented by certain retailers.
See who is raising prices in San Francisco, page 2:
Kimberly Crawford Stigler, Patrick Ball, Carl Kwasnjuk, Marc Arch all you economic brainiacs can find that in 2 seconds via this new invention…. Called the internet! Yeah, the same$#%&!@*you use to have to spend hours researching can now be done at lightning speed! Once on the internet, go to Google.com and look that$#%&!@*up. The sources are many. The Department of Labor is just one. They have been tracking employment and wage “data” since there was a minimum wage. They don’t really track your “feelings” on the minimum wage increases. You could check with the Pew Research Center. Once again, “research” being the key word in there name. There are only about 30 pages on Google that state this as data proven fact. The reason being? It is fact. Don’t let data and facts slow you economic geniuses down from jacking each other off with your baseless unwitty banter.
Tell it to In-N-Out burger who pays way above minimun and is killin it.
Does anyone understand inflation anymore? Sure we all get more dollars, but we can do less with them. In 1950, a gas station attendant could support a family of 4 with a modest house, a car, and $2.50 an hour. How many families of 4 can live off of one income now? Especially at minimum wage. The more dollars in circulation, the less they are worth. Make minimum wage a million dollars an hour, and poor people will st I’ll be poor.
Well I can’t wait until no one works because machines will take over our positions since we$#%&!@*about everything xD. I’ll be first to program those machines
Dont say that you wouldn’t want the 66 percent of all unemployment and food stamps recipients to get mad.
Be a leader not a boss. God you people have some sick and twisted ethical and moral fallacies
I know, right! The nerve of some people who risked a lot of $$ to open businesses to create jobs and provide a service to the community. Sinister basturds…
I feel the absorption of cost should come from both ends Randy Del Rossi. 13.8 is the decreased salary vs the original 28 million a year they CEOs got before. I’m all for making more money off your company but not at the expense of its employees or their livelihood.
Also keep in mind profits of the company and the salary the owner chooses to draw are two different things. If I was making 13 million a year I’d happily take a pay cut if it means my employees aren’t living below poverty working full time.
Do the math, $15/ hr still leaves poor people poor. It is only $31,400 a year. For most families this still qualifies for free school lunches, Earned Income Credit and a host of other benefits package paid for by your taxes. I would personally rather see the billionaire owners of Walmart make a few million less a year ( they would still be billionaires ) and pay their workers a living wage than have the tax dollars of hard working middle class families subsidize the income of hard working lower class families.
so food prices go up to cover the operating costs to pay higher employee wages