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:
The business will also schedule fewer hours, hire fewer employees and automate as much as possible thus fewer jobs. It’s already happened and will spiral. Bad poloicy
Why should your cheaper meal require the poverty of the people who work to serve it to you? I suppose their lives are just a lot less important than yours.
The ability to understand cause/effect, which is really just the ability to process logical thought, does not exist in the mind of the Progressive.
The law of unintended consequences.
The problem is, restaurants are in it to make money, and do exyensive research to know what the market will handle price wise. By mandating raises of this magnitude, without regards for budgets, these same places are going to go bankrupt, invest in technology, both of which leads to less jobs….. the end game ia more unemployment
Minimum wage in 1970= $1.45
Average yearly tuition (including room and board) at a public 4 year university= $1203
Current minimum wage (Texas)= $7.25
Current average tuition (including room and board) at a public 4 year university= $19,548
Do we see part of the issue here?
Has your FB page been hi-jacked????
$15.00 AN HOUR sounds good until they cut your hours or just do away with your job…Robots cost the employer $3.25 and hour,,no unions,,no health insurance ,no days off..work 24/7 365..Prices will go up on everything..businesses are in it for profit..SO your buying power will be about the same as it is now….SO if minimum wage is all you can get..sorry you are screwed…and prices going up a lot of people are screwed right along with you..old people living on fixed incomes will take the hit the worst…
What a shock!!!! Any buddy that finished High school saw that coming.
Oh so the righ are economic geniuses? Hahhhhhaaa