[Fresh Wind]

"Despite being a progressive living in San Francisco..."

Well, there's your first problem right there.

[Don Corleone]

‘I’m hearing from a lot of customers, ‘I voted for that, and I didn’t realize it would affect you.’”

Liberals being liberals. Duh!

[Redcitizen]

Holding on to an anchor of socialism while insisting capitalism is bad but trying to make a living in the free market. Bipolar thinking.

[Malone LaVeigh]

[martin_fierro]

“I was appalled!” he says. “My jaw dropped. Eighty-thousand a year! I didn’t know that. I thought we were talking a small amount of money, something I could absorb.”

[Alex Murphy]

San Francisco’s Proposition J, which 77 percent of voters approved in November, will raise the minimum wage in the city to $15 by 2018. As of today, May 1, Hibbs is required by law to pay his employees at Comix Experience, and its sister store, Comix Experience Outpost on Ocean Avenue, $12.25 per hour. That’s just the first of four incremental raises that threaten to put hundreds of such shops out of business....

...He notes with pride that his store has turned a profit each year — no small task — since its very first year [1989]. But that may not last. Hibbs says that the $15-an-hour minimum wage will require a staggering $80,000 in extra revenue annually. “I was appalled!” he says. “My jaw dropped. Eighty-thousand a year! I didn’t know that. I thought we were talking a small amount of money, something I could absorb.” He runs a tight operation already, he says. Comix Experience is open ten hours a day, seven days a week, with usually just one employee at each store at a time. It’s not viable to cut hours, he says, because his slowest hours are in the middle of the day. And he can’t raise prices, because comic books and graphic novels have their retail prices printed on the cover.

How he managed to make a profit every year, and still think this "small amount of money" would be a business cost that was "something he could absorb" escapes me. Welcome to the cost of theft-by-ballot-box.

[driftless2]

It's how liberals view businesses. In the liberal view businesses exist to give people jobs. In the real world businesses exist to make money.

Unlike government, if businesses don't make money, they don't exist. The law of unintended consequences (which affects liberals far more than conservatives) strikes again.

[exit82]

But that may not last. Hibbs says that the $15-an-hour minimum wage will require a staggering $80,000 in extra revenue annually. “I was appalled!” he says. “My jaw dropped. Eighty-thousand a year! I didn’t know that. I thought we were talking a small amount of money, something I could absorb.”

You have been in business for 26 years? You should have been able to calculate this in less than a minute.

He evidently makes a profit solely by accident.

[MasterGunner01]

Rush is correct that the majority of Americans have absolutely ZERO understanding of economics...period. Liberals in particular cannot understand the most basic principle of cause and effect as it applies to businesses. The majority of them have a deranged idea that businesses have this huge stash of money that they refuse to pay their employees and it’s the liberals job to steal it away from the owners and redistribute it to liberal constituents. Reality sets in when the jaws of the Economics unintended consequences trap slam shut. Oops.

[upchuck]

IMHO this is just the beginning of problems for SF and other places instituting ridiculous, unsustainable minimum wage laws.

Related articles.

[peteyd]

You most likely voted for the minimum wage and now you cooked your goose you stupid asses.

[envisio]

“My jaw dropped. Eighty-thousand a year! I didn’t know that.”

Math is hard.

[xp38]

Meanwhile in another cultural reality on the Big Bang Theory Stewart the former comic book store owner continues to leech of the Wolowitz family. :)

[mykroar]

But that may not last. Hibbs says that the $15-an-hour minimum wage will require a staggering $80,000 in extra revenue annually. “I was appalled!” he says. “My jaw dropped. Eighty-thousand a year! I didn’t know that. I thought we were talking a small amount of money, something I could absorb.”

This, with the comment about being a progessive, makes me think this libtard voted this on himself.

[pepsi_junkie]

Sounds like places like San Fracisco and Seattle are about to discover that the real life minimum wage is $0 per hour.

[Senator_Blutarski]

Results matter.

Unintended results also matter.

One measure of intelligence and maturity is the ability to recognize the future consequences of your actions.

Minimum wage changes have consequences.

Burning down your local CVS drug store also has consequences.

[GeronL]

Although all of us at Borderlands support the concept of a living wage in princip[le] and we believe that it’s possible that the new law will be good for San Francisco

The law that is putting them out of business, they still support it, lol.

[KarlInOhio]

“Why,” he asks, “can’t two consenting people make arrangements for less than x dollars per hour?”

In San Francisco, the only arrangement two consenting people can make is for anal sex. All other relationships are under governmnent conrol. And you certainly cannot do anything as gross as an economic trade.

[dennisw]

Liberalism is a mental illness-— Michael Savage

[Nervous Tick]

>> “Despite being a progressive living in San Francisco, I do believe in capitalism.”

Nevermind capitalism. Do you believe in arithmetic? Because arithmetic is what bit you in your fairyland ass.