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:
I’m sorry, I know you guys aren’t good at economics or math, but I just need to point out that San Francisco real estate costs have increased far faster than minimum wage or
I know you guys aren’t typically good at math or economics, but San Francisco’s real estate costs for multi family housing (you know, apartments) have increased by nearly 30% over last year alone. I can’t even imagine what commercial rent must be doing. (http://www.loopnet.com/San-Francisco_California_Market-Trends, http://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/10/sf-office-tech-boom-bubble-fitbit-pinterest-apple.html)
So… You blame people who need the increase in pay to survive, instead of a multimillion dollar franchise that is obviously consumed with greed, over their employees… Their food sucks anyway.
Watch for layoffs. Libs don’t understand real economics; only liberal mantras and narratives.
Because government cannot set market value period! Not on products not on people. They do ignorant policy because it feels good. Never thinking 2, 5 steps down the road. One step economics will destroy any proper business market by government interference
Ryan Jones you are literally ignoring well known facts
Even liberal Chipotle get it.
You can’t fix stupid.
Most fast food restauramts are franchises. They are basically like a small business. But dont let facts get in the way of your emotions.
Well known facts … or b******t you regurgitate from huffpost , I’ll tell you what I know … I bought my first house when I was 20 … I used my head , and a $7.50 hourly paycheck washing cars … because I scrimped and saved I busted my$#%&!@*, I wasn’t afraid … I didn’t listen to the media’s doom and gloom … I made a decision and went for it , I didn’t go out and party, I didn’t drive a nice car , I didn’t wear designer clothes … Then I moved up at that dealership and made more money … Instead of spending it , I saved it … All the equity I had in my house was sweat equity from my hands and I planned and executed without getting side tracked … I watched the market and made a move , Now I have owned 2 houses and it’ll be three in 24 months … I wasn’t afraid of hardwork and I didn’t make b******t excuses … where there is a will there is a way , stop listening to the doom and gloom and false facts from the internet , “Know what you Know”