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:
When you lift the bottom rung of a ladder, the rest of the ladder rises as well. The key is to teach people that we aren’t supposed to be satisfied with the bottom rung.
I’m sure those lefties in SF will be happy to pay the additional cost.
Sadly, the central planning geniuses are blithely ignorant of how economics actually works and the results of their crusades is, as always, predictable. Liberals claim to be the champion of the little guy but their solutions all seem to make the little guy worse off and lead eventually to the little guy being on the dole because their champions have destroyed their environment. The effects of a half century of liberal control of garden spots like Detroit, Chicago, Washington, D. C., and Baltimore never seem to seep into the American voter’s brain.
Reich-wing philosophy
They have no clue about economics, self destruction in route.
Yea, economics, we wouldn’t want those CEO’s losing any of their $30M/yr or endanger their $30M yearly bonus would we?
Proves that, “there ain’t no free lunches”!
Douglas Nelson you talking about bill millers?
Rofl!!!!
Gosh. How horrible. Businesses can’t treat their employees like fucking serfs. Boo hoo. Here in REALITY land, however, we know that paying a living wage leads to more money in the economy. To pay for more meals. More people able to pay rent. More stable consumer families. You don’t like it? Who cares?
Well, that’s odd