Funny how that works
San Fran raises their ‘living wage’ and Subway can no longer sell $5 subs.
10 Responses to “Funny how that works”
Remember, I do this to entertain me, not you.
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March 30th, 2012 at 8:54 am
Hilarity
March 30th, 2012 at 8:57 am
Heh. Lefties in Cali failed Econ 101.
March 30th, 2012 at 9:33 am
All Part of The Plan.
March 30th, 2012 at 9:38 am
Wow, it’s almost like those consequences were unintended!
March 30th, 2012 at 11:09 am
Oh, I’m sure San Fran will just pass a Law FORCING Subway to sell their products for $5. After all, “How can we Feed all those Poor People Occupying our Parks?”
March 30th, 2012 at 1:30 pm
This is the tip of the iceberg for the consequences of California’s (and its various cities’) absurd adventures in social engineering.
It’s a pity because it is a beautiful state.
Unlike the US, it can’t print money to try to dilute its obligations to bond holders.
March 30th, 2012 at 8:04 pm
As a San Franciscan I don’t see the problem. So what if I have to pay a little extra to buy a sandwich if the person behind the counter is being paid a living wage and has health care coverage. Do you really want the guy making your sandwich to not be able to see a doctor when he’s sick or not be able to afford to take a sick day when he isn’t feeling well?
March 30th, 2012 at 11:05 pm
“As a San Franciscan I don’t see the problem.”
You could have just stopped right there. As succinct a statement as there ever was.
March 31st, 2012 at 8:41 am
@Manish: Because (and this is what so many of your type fail to see) is that the higher wage will result in ALL wages rising in a ripple effect, resulting in all prices rising as employers look for ways to afford the higher wage. In the end, prices rise at a rate higher than the wages, and the poor now have less real income than before.
After all, if raising the minimum wage were all that was required to eliminate poverty, why stop at $10 an hour? Why not $50? Why not $100? $200? $1,000? Why at $1,000 an hour, we could all be rich!
April 2nd, 2012 at 1:35 am
Except that hasn’t happened. San Francisco has imposed a bunch of mandates on employers including a payroll tax, mandatory health insurance (which some have been able to skirt due to a loophole), higher minimum wage, sick time and only now has subway deemed it necessary to raise the price of its subs. You are speaking completely out of your ass and have no evidence to backup your claims.
A relative minority of Americans make minimum wage. Raising the minimum wage doesn’t affect the price of (for example) banking services because none of the people working in that industry make minimum wage.