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:
These kind of jobs distort the market. Take away these jobs and the market will correct itself.
Joe Copeland huh what kind of response is that?
Mark Burt – you didn’t make a single point?
Jarrod Hough – how is this comment relevant?
Yeah so fucking what? Prices never go up huh?
Calling math an opinion makes about as much sense as calling an opinion fact. But you’re welcome Carl.
The true minimum wage: $0.00/hr.
Makes you wonder how costco does that and more and still provide competattive prices?
Ryan Jones I have a skilled job, EMT. Cannot afford a home, or school lol.
Costco isn’t a franchise , it’s owned but one conglomerate and they don’t buy local produce etc etc… When you increase minimum wage at a restaurant you don’t effect the brand you effect the man or woman who spend $300,000 and had to invest another $200,000 over the years into their own store. So yes it increases the costs there