$10 minimum wage to help out San Fran.

[Westside]

San Fransisco increases minimum wage to help out low income families.
SF becomes first US city to top $10 minimum wage - Yahoo! Finance

 

[SemperFiUSMC]

Save up to 20% on labor by moving outside the city limits? Unless you own a business that is location sensitive it makes no sense to stay and pay.

I really wish business owners would stop the madness and stop submitting to government insanity and Marxist tendencies.

 

[Bunnykid68]

Cost of goods and services will go up along with the pay.

 

[BigMatt]

I worked in Santa Fe, NM for a couple of months in 2007. With the outrageous minimum wage in Santa Fe, people were carpooling from Albuquerque to work in Santa Fe for minimum wage and driving back to Albuquerque to live.

The only businesses there were casinos and retail outfits. No manufacturing to speak of.

By the way, those are still the most expensive groceries I ever bought.

I just looked up the minimum wage there and it is $9.85.

 

[CarmelHP]

Why not just raise it to $1,000,000. Legislate prosperity, wheeeeeeeeeeee!!!

 

[GBuck]

Why not just raise it to $1,000,000. Legislate prosperity, wheeeeeeeeeeee!!!

I'M IN!

 

[RockofStrength]

Meanwhile, the local Wal-Mart and gas stations, having known that this was going to pass, have already raised their prices to compensate for the increased wealth that their lowest income customers now have.

 

[John Galt]

There are no words for such monumental stupidity.

Who is John Galt?

 

[gunowner930]

Wonder if unemployment goes up?

 

[IncendiaryGunner]

Most studies have found that an increase in the minimum wage leads to a slight increase in unemployment. By "slight increase", we are talking around a 1% increase in unemployment if the minimum wage were raised 10%.

Since the minimum wage was already $9.92 in San Francisco, a $0.32 increase in minimum wage will not likely have a very drastic impact on unemployment.

Think of it this way... their minimum wage was already $9.92, yet their unemployment rate is not much higher than the national average.

Earned income credits are more effective at reducing poverty, while being less damaging to business.

 

[MAJB Retired]

Why not just raise it to $1,000,000. Legislate prosperity, wheeeeeeeeeeee!!!

Why not?

 

[jetmechG550]

Back in 96 I interviewed and was offered a job with UAL @ SFO making something like $14.60/hr I literally laughed in the guys face since I was making a few dollars more than that in corporate aviation in the midwest already. he tried to tell me that was a good wage and although cost of living in the bay area was higher than the midwest many guys chose to carpool and commute (which areas he named were over an hour a way). At that time I also started to wonder how the guy flipping burgers at In N Out could make afford to wipe his rear end.

 

[Lucas156]

minimum wage is a joke

 

[cqcn88]

I was talking about this this morning. It never ceases to amaze me how the people elected to make these decisions can't get even the faintest grasp on basic economics. Laughable. One of the arguments I've heard for raising the minimum wage is the relatively higher cost of living! Holy moly, it's like someone is standing there and relentlessly and liberally beating them with the stupid stick. How many times will they artificially increase the income of burger flippers before they realize the increase in labor cost must be offset somehow?! It gets passed to the consumer...the same burger flipper...and people lose jobs. Low and behold, cost of living in SF continues to climb higher than the national average. I saw a little sound byte type interview with some dude making minimum wage. He of course was all for it, on the grounds that, paraphrase quote, "now I'll have more money to put into the economy, that helps the economy." I'm sure this will get a comment or two but honestly, these are the things that make me think there should really be some sort of basic test that must be passed before allowing uninformed, ignorant people to vote. It's like letting a 4 year old eat candy three meals a day. Obviously a 4 year old doesn't understand the long term damage.

 

[dross]

I'm going to use minimum wage logic to fly. I'm going to reach around, grab my belt loop, and pull myself into the sky.

Minimum wage increases hurt the people who make minimum wage. Min wage is not about poor people, its about giving money to unions.