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:
Since I won’t be eating out much, maybe I can get my cholesterol down.
Historically untrue
This is what happens when the insane run the asylum.
So the example is Chipotle who is raising costs across the board due to sagging sales because of their ecoli outbreak? How about using real analysis? How about a real study not just anecdotal evidence? Oh – I understand…….a real report doesn’t prove the point you want it to.
Carl is exactly right. It’s sad how incredibly gullible American’s have become.
well, that’s up to Chipotle – if they lose business because of it, they’ll just have to rethink their business plan
You still can buy a house in your 20’s with a 9-5 it just can’t be a non-skilled minimum wage job reserved for high school kids and part timers … There are just as many opportunities today.
If they were smart, they’d go get trained in masonry. Mason’s make pretty good money, and there’s going to be a big project in the south pretty soon
Liberal Democrats are just a special kind of stupid.
Mike Previtire. That’s because the min wage increases in the past affected very little. Most were making more. This new wage increase is govt pushing wages up for a much larger group of people.