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 $12.25 is being implemented by certain retailers.
See who is raising prices in San Francisco, page 2:
It is unconscionable that Liberals never take any economics courses while getting their “Liberal Arts” degrees.
Stop playing the victim and the little guy will be fine
Typical meaningless comment. Based on zero fact.
All you got to do is open your Damn eyes. Stop sticking your head in the sand.
The fact is small businesses can not stay in business with an increase in all goods and services. That is a fact
Typical Muslim sympathizing$#%&!@*I can’t wait for them to behead you.
The franchise will collect 20% off the top no matter what operating costs are… So it’s the franchise owners that will have to cut their income to keep service as usual , or invest in automation without wages or healthcare or income taxes to pay.. The franchises corporations will still keep business as usual
Bradley T. Smith ha 5 hours! It won’t even get past the business plan stage.. Because on paper it will be a losing venture!
Small business does not have the volume of net profit to even just eat the loss.. Most real small businesses ( less than 15 employees) are operating on a fine line , and are usually a pillar of an area or landmark, such as a hardware store. I have an ACE near me that is approx 3 times more on most things needed… Now if I only need 1 or 2 things I will go there for convince… But if I know I have a project, I will drive 45min to the big box store because it saves me a lot of money… Walmart would be nothing if their prices were not rock bottom! It’s all China garbage and everyone knows it, but they keep making billions ….
well said